Swiss Re Sponsors Brazilian Water Project; Offers Hurricane Expert Advice

May 20, 2002

Swiss Re will sponsor a water resources project in Northeastern Brazil in conjunction with World Vision, an independent environmental organization, and . will offer hurricane advice to the media by weather forecasting experts.

The implementation of the Agua e Vida Project aims to help some 6,000 people to “promote water management for domestic and agricultural use in the Brazilian Northeast, including the rural communities in the states of Pernambuco, Alagoas, Rio Grande do Norte and north of Minas Gerais, where dry climate prevails and access to water is extremely limited.”

Jean-Paul Schweizer, President of Swiss Re Brazil, stated that, “Swiss Re, through a firm social responsibility policy, is demonstrating leadership in showing how water availability and quality affect society, ecology and economy. Swiss Re is committed to water issues, and through these initiatives, such as Agua e Vida, we are helping people and demonstrating the importance of appropriate management and preservation of water resources.”

He added that the company has been doing business in Brazil for the past 60 years, and is firmly “committed to the Brazilian marketplace and contributing to Brazil’s restructuring economy,” and is “actively involved in modernizing the country’s insurance and reinsurance industries through new products, services and capacity.”

Swiss Re’s announcement that it would make a number of its weather forecasting experts available to give advice on the approaching hurricane season coincides with the official start of the summer and fall months when the potentially deadly storms occur in the Atlantic.

“Tremendous changes have occurred in Tropical Cyclone research and practices since Hurricane Andrew hit Florida 10 years ago, said the bulletin. “Swiss Re’s experts can speak to all issues surrounding Hurricane Season, including what we’ve learned from past hurricanes, tips on how to lessen damage from future hurricanes and financial preparedness.”

The service is available through Mike McNamara at Swiss Re; tel: 212/317-5663 or michaeld_mcnamara@swissre.com – cell phone: 917/807-7136, or through Kenny Juarez, Abernathy MacGregor Group; tel: 212/371-5999 or kwj@abmac.com; from tomorrow through the end of the Hurricane Season.

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