Zurich Board Proposes Name Change to Zurich Insurance Group

Zurich Financial Services Group announced that its board of directors will propose a name change on March 29, 2012 that will reflect that it has streamlined its business portfolio to concentrate on insurance over the last few years.

The company’s new name will become Zurich Insurance Group Ltd. [ZIG] if shareholders approve.

Zurich also announced that the board of directors will – following the retirement of Manfred Gentz and Vernon Sankey – propose the election of Alison Carnwath (born 1953, British) and Rafael del Pino (born 1958, Spanish) as directors.

In addition, the board will propose the re-election of Josef Ackermann, Thomas Escher und Don Nicolaisen for another term of office.

Source: Zurich