Urban Angehrn appointed Head of Investment Strategy Implementation

Zurich - Zurich Financial Services Group (Zurich) announces the appointment of Urban Angehrn (45, Swiss citizen) to the position of Head of Investment Strategy Implementation as per mid of April 2010. He replaces Cecilia Reyes, who has been appointed Chief Investment Officer and member of the Group Executive Committee. In his new position, Mr. Angehrn will be responsible for all aspects of investment strategy implementation across the Group. He will report to Cecilia Reyes, Chief Investment Officer, and will be located in Zurich, Switzerland.

Mr. Angehrn joined Zurich in 2007 as Regional Investment Manager for Europe where he led a team of Regional Investment Managers, local Chief Investment Officers and Analysts until his current appointment.

Prior to joining Zurich, he held a variety of capital market roles in the insurance and investment banking industries. His most recent role was Head of Allocation & Strategy in Asset Management at the Winterthur Group. Previously, he advised Swiss institutional clients on the application of derivatives. His career in derivatives marketing and fixed income sales includes over 10 years spent at Credit Suisse First Boston and JP Morgan.

Mr. Angehrn holds a PhD in Mathematics from Harvard University and a Master of Science in Theoretical Physics from ETH Zurich.

Zurich Financial Services Group (Zurich) is 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.