Lawrence Churchill to step down as CEO of UK, Ireland and International Life

Zurich, May 6, 2004 - Zurich Financial Services (Zurich) announced today that, after a brief transition period, Lawrence Churchill will step down as Chief Executive Officer of UK, Ireland and International Life.

Until the appointment of a successor, Paul van de Geijn, CEO Global Life Insurance Businesses, will oversee these Life operations.

Paul van de Geijn said: "I thank Lawrence for his leadership at an important juncture in the turnaround of the Life business and wish him well in his personal and professional future."