Zurich signs advisory agreement with Tony Blair

Zurich, January 28, 2008 – Zurich Financial Services Group (Zurich) today announced that it has signed an advisory agreement with Tony Blair, former Prime Minister of Great Britain.

As part of the agreement, Mr. Blair will advise Zurich’s Chief Executive Officer (CEO) James J. Schiro, and provide general guidance on developments and trends in the international political environment.

Specifically, he will help advise and collaborate with Zurich on its Climate Initiative announced last week, and work closely with its newly launched Climate Change Advisory Council (please see respective announcement on www.zurich.com).

Tony Blair said: “I am very pleased to be taking on this role advising Zurich and in particular supporting its Climate Initiative. There is a consensus now that the challenge of climate change is real, and what we need now are the policy solutions to turn that concern into action. That’s why Zurich’s work to look at how business, and in particular the insurance sector, can play its part is so crucial, and why I welcome the chance to help them with it.”

“We are excited about the considerable expertise and experience that Tony Blair brings to Zurich’s Group management in his role as strategic advisor”, remarked Zurich's CEO James J. Schiro. “His appointment sits alongside other initiatives where Zurich has partnered with external thought leaders to challenge and enhance our operational and strategic thinking. We are particularly pleased with the input he will be able to provide to our recently launched Climate Initiative.”