Zurich Financial Services
31 October 2007






Zurich acquires Real Garant Versicherung AG in Germany

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Zurich, October 31, 2007 - Zurich Financial Services Group (Zurich) today
announced that its subsidiary Zurich Beteiligungs-AG (Deutschland) has signed an
agreement to acquire car warranty insurer Real Garant Versicherung AG (Real
Garant). Under the agreement, Zurich will buy Real Garant from ADAC-Schutzbrief
Versicherungs-AG with retroactive effect as of January 1, 2007. The parties have
agreed not to disclose the purchase price. Subject to the approval of the
relevant antitrust authorities, the transaction is expected to close in the
fourth quarter 2007. The German financial supervisory authority BaFin has
already given its approval.



Real Garant is one of the leading providers of car warranty insurance in Germany
with a market share of about 20% and a premium volume of EUR 45 million in 2006.
The premium volume of this market segment in Germany is about EUR 225 million.
Real Garant, headquartered near Stuttgart, offers warranty insurance coverage
for new and second hand cars. It has 76 employees and its policies are mainly
distributed through a network of approximately 4.000 car dealers. Besides its
major market Germany, Real Garant is also present in Belgium, Austria and Spain.



Annette Court, Zurich's CEO Europe General Insurance, said: 'In line with our
profitable growth strategy this acquisition expands our market presence in motor
insurance and ideally complements our product range in an attractive specialty
market. Combining Real Garant's successful business model with our established
The Zurich Way best-practice approaches will allow us to progressively expand
into other markets and thus better serve our car insurance customers throughout
Europe.'

Note to editors:

The acquisition of Real Garant represents the fifth bolt-on acquisition of
Europe General Insurance within the last 10 months. This is in line with the
Group's strategy to achieve profitable growth both organically and through
tactical bolt-on acquisitions by expanding its customer, product and
distribution capabilities. Acquisitions included:



-         Spain: ACC Seguros y Reaseguros de Danos, S.A., a leading surety
          writer in Spain (December 2006)

-         United Kingdom: Endsleigh Limited, an insurance intermediary in the UK
          (December 2006)

-         Russia: OOO NASTA Insurance Company, a leading personal lines insurer
          (April 2007)

-         Ireland: Wrightway Underwriting Limited, one of the most successful
          independent underwriting agencies in Ireland (September 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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