Zurich Names Stuart to Head UK Insurance Business

May 6, 2004

Zurich Financial Services Group announced that, subject to regulatory approval, it has appointed Ian Stuart as CEO of UK General Insurance Business, reporting to Axel P. Lehmann, CEO Europe Personal and Business, effective immediately.

Stuart succeeds Geoff Riddell, who was recently appointed as CEO of Zurich’s Global Corporate Customer Business, covering both international and large domestic risks.

Stuart, 56, joined Eagle Star in Dublin in 1980 with responsibility for finance across both the Life and General Insurance companies. In 1982, he became a director of Eagle Star Insurance Company (Limited) and went on to become Managing Director and CEO in December 1994. He will continue to oversee Eagle Star’s General business in Ireland until a successor is appointed.

Stuart is a Fellow of the Institute of Chartered Accountants in Ireland with a Business Studies degree from Trinity College in Dublin. He was President of the Irish Insurance Federation in 2002-2003.

Commenting on Stuart’s appointment, Lehmann stated: “I’m delighted to welcome Ian to this exciting role. The UK General Insurance Business is producing excellent results and with Ian’s impressive track record on achieving profitability and growth, we are well positioned to sustain and improve on this performance.”

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