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Zurich North American Commercial announces new Risk Retention Groups, Self Insurance Group and Pooling Capability

Schaumburg, Ill., May 14, 2009 – Zurich, a leading property and casualty insurance provider in North America and globally, today announced its entry into the Risk Retention Group (RRG) and Self Insurance Groups (SIG) markets. The announcement was made at the Arizona Captive Insurance Conference in Phoenix. Zurich’s North America Commercial Alternative Solutions Group has long been the market leader in the member-owned Group Captive field and is now taking that expertise to the owners and members of RRG, SIG and Pooling Groups.

“The infrastructure and experience we have built over the past 20 years of serving the captive and programs marketplace allows us to easily transition our capabilities to serve the needs of RRG’s, SIG’s and Pooling Organizations,” says Lynn Cordes, president of Zurich North American Commercial Alternative Solutions division.

Services will include:

• Solutions-oriented underwriting teams experienced in alternative risk transfer (ART) and self insurance markets
• Excess reinsurance capacity
• Tailored claims services handled by experienced adjusters dedicated to self-insured customer needs
• Risk control designed for specialized industry segments to help reduce loss drivers
• Policy issuance services and access to Zurich’s admitted forms and state filings

In addition, Zurich has enhanced its products to offer these customers and their brokers the ability to round out the customers’ insurance coverage needs by offering guaranteed cost solutions for lines of coverage that are not regulatory supported in these self-insured vehicles.

“We are excited to roll out this expanded alternative risk platform to RRGs, SIG’s and Pooling Groups,” said Paula Blum, vice president of Groups and Pooling at Zurich Alternative Solutions. “Our unique ability to integrate the other coverage solutions for their traditional lines including workers comp, auto and property coverages from one centralized, dedicated unit clearly delivers a unique approach to the market.”

Gayle Secor, vice president of Zurich North America's Alternative Solutions business development adds, “In concert with the anticipated expansion of the federal government’s Liability Risk Retention Act, Zurich is well equipped to offer this new product and remains poised to handle any future additional coverage offerings.”

About Zurich Financial Services
Zurich’s North America Commercial and Global Corporate in North America business divisions are part of Zurich Financial Services Group (Zurich), 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 60,000 people serving customers in more than 170 countries. In North America, Zurich (www.zurichna.com) is a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, specialties and programs sectors.

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Media contact:

David Bishop
Zurich
(847) 605-8826
david.bishop@zurichna.com

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