Closing sale of part of Dutch operations to SNS Reaal
Zurich, September 1, 2003 - Zurich Financial Services Group (Zurich) today announced the completion of the sale of parts of its Dutch operations to SNS Reaal Groep N.V. (SNS Reaal). This transaction was announced on May 22, 2003. SNS Reaal has acquired all of Zurich’s Life operations as well as Zurich’s Non-life operations in the consumer and small business segments in the Netherlands. Zurich and SNS Reaal have agreed to keep the price confidential.
Zurich will continue to serve the Non-life corporate business customers in the Netherlands through its business unit Continental Europe Corporate (CEC).
