Zurich Financial Services
02 August 2007






Zurich issues estimate of weather losses in the UK during June


    Zurich Financial Services
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Zurich, August 2, 2007 - Zurich Financial Services Group (Zurich) announced
today that based on its current best estimate it expects aggregate claims
payments related to storms and floods that occurred in the UK during June 2007
will not exceed USD 400 million before tax. This estimate is net of reinsurance.
The period of extreme weather was from June 14 to the end of June with a peak
loss suffered in the Sheffield, Doncaster and Hull areas on June 25. Charges
will be recorded in the half year results 2007, which are due to be released on
August 16, 2007.



While the amount represents our best estimate of the ultimate cost for these
events, the nature of many of the losses and the extended remediation period
needed to dry out properties and to complete repairs means that some uncertainty
as to the final cost remains.



The recent floods that occurred in Southern England in July 2007 are an
additional significant loss event, but at this stage it is too early to provide
an estimate of the claims cost to be expected for Zurich. A charge for the July
floods will be recorded in the third quarter results.



Zurich is committed to delivering against its customer promise and in these
extreme circumstances the local teams, supported by resources from other Zurich
operations in Europe and North America, have successfully maintained Zurich's
high level of customer claims service. This is a great example of the
competitive advantage of Zurich's global reach and culture.

Zurich Financial Services Group (Zurich) is an insurance-based financial
services provider with a global network of subsidiaries and offices in North
America and Europe as well as in Asia Pacific, Latin America and other markets.
Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs
approximately 55,000 people serving customers in more than 150 countries.


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