Zurich Financial Services
13 September 2007




Zurich announces CEO transition at Global Life segment


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Zurich, September 13, 2007 - Zurich Financial Services (Zurich) announces today
that Paul van de Geijn (60), Chief Executive Officer (CEO) of the Group's Global
Life business segment, will reach his planned retirement date in 2008, and that
Mario Greco (48) will be joining the company to succeed him as CEO after a
transition period.



Mr. van de Geijn has served as Global Life's CEO and as a member of the Group
Executive Committee since November 2003. During that time, he has successfully
led the restructuring of Zurich's life operations by focusing the business on a
multi-niche strategy and generating significant increases in new business value
between 2003 and 2007. Under his leadership, the life business systematically
enhanced its product offerings, successfully leveraged the Group's cross-border
capabilities, and expanded its emerging markets operations.



Mr. Greco brings to Zurich a highly successful career in the European life
insurance markets. As CEO of Eurizon Financial Group, a unit of Italy-based
Sanpaolo IMI Group, he helped increase profitability by over 35 percent between
2004 and 2006, while more than doubling profits of Italy-based insurer Ras
during his tenure as CEO from 2000 to 2004. He has also held senior leadership
posts with Allianz, where he was a member of the management board, and McKinsey
& Company.



Mr. Greco earned an undergraduate degree in Economics from the University of
Rome, and a Master in International Economics and Monetary Theory at the
University of Rochester (USA). He is a member of the Board of Directors of
Editoriale l'Espresso Group, Indesit, Saras and Bocconi University.



'Paul's determination and drive repositioned Global Life as a valuable
contributor to Zurich's consistent earnings over the past four years,' remarked
Zurich CEO James J. Schiro. 'Moreover, our ability to attract someone of Mario's
proven capabilities to help take the operations to the next level of profitable
growth is a testament to the fundamental strength and potential of our life
business.'



Mr. van de Geijn will remain CEO of Global Life through a transition period that
will last into 2008. During that time, he will also take on new projects
concentrating on Zurich's expanding operations in China. Mr. Greco will join
Zurich and its Group Executive Committee on October 1, 2007.



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 58,000 people serving customers in more than 170 countries.




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