Appointment David Demmon to CFO Global Life Insurance business

Zurich, October 29, 2004 – Zurich Financial Services Group (Zurich) announced the appointment of David Demmon (46) to Chief Financial Officer (CFO) of its Global Life Insurance business effective November 1, 2004. In this newly created position, David Demmon reports to Paul van de Geijn, Chief Executive Officer of Zurich’s Global Life Insurance business.

Paul van de Geijn said: "We are implementing the organizational structure announced in April. I am delighted to count on the vast experience David brings from the Farmers organization. I expect him to apply strict financial discipline and to maintain the momentum to strengthen our business results. He will also support a number of initiatives including capital and solvency management."

David Demmon joined the Farmers organization in 1980 in the Portland Office. He held various positions before being promoted to Assistant Vice President of Accounting and Treasurer of Farmers New World Life in 1992. In February 2002, he was appointed to his current position at Farmers as Vice President - Finance.