Zurich’s O’Sullivan to Retire

April 6, 2009

Zurich Financial Services announced that “after more than 11 years of dedicated service to Zurich, its employees, its shareholders and its customers, Patrick O’Sullivan will be retiring effective April 30, 2009.”

O’Sullivan first joined the Group as CEO, General Insurance and Banking, of Zurich’s UKISA Business Division in 1998 in conjunction with the merger of the financial services arm of B.A.T Industries and Zurich Insurance Company. In December 2002, he assumed the position of Group Finance Director and became a member of the Group Executive Committee.

“Since March 2007, he has served in his current position as Vice Chairman of the Group Management Board and Chief Growth Officer and, in addition, was responsible for the Group’s International and Centrally Managed Businesses,” said the announcement.
Paul Hopkins, CEO of the Americas and Chairman of Farmers Group, Inc. will assume Group Management Board oversight of the Group’s global growth activities. Centrally Managed Businesses will now report into Global Life and its CEO, Mario Greco.

CEO James J. Schiro commented: “Patrick has been an invaluable contributor to Zurich’s successful transformation. His deep knowledge of the capital markets combined with his natural leadership skills helped restore financial discipline to Zurich’s operations as well as set us on the path for sustainable profitable growth.”

Source: Zurich – www.zurich.com

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