Former UK Prime Minister Tony Blair to Advise Zurich

January 28, 2008

Zurich Financial Services Group announced that it has signed an advisory agreement with Tony Blair, former Prime Minister of Great Britain. He will advise Zurich’s CEO James J. Schiro, and will “provide general guidance on developments and trends in the international political environment,” said the announcement.

Zurich said Blair would become involved with its recently announced Climate Initiative (See IJ web site – https://www.insurancejournal.com/news/international/2008/01/22/86581.htm), and will “work closely with its newly launched Climate Change Advisory Council.”

Blair indicated that he is “very pleased to be taking on this role advising Zurich and in particular supporting its Climate Initiative.” He added that there’s now a consensus “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.”

Schiro said Zurich is “excited” to be able to draw on Blair’s “considerable expertise and experience” as a strategic advisor to the Company’s Group management. “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,” Schiro added.

Source: Zurich – www.zurich.com

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