Reorganization, Realignment at Zurich Re(North America)

March 13, 2001

Zurich Reinsurance (North America) Inc. is realigning its underwriting operations, organizing its underwriting units around specific business segments and integrating the individual risk functions of its facultative branches with its treaty functions.

Zurich Re’s regional branch offices will continue to provide individual risk services to clients on a direct basis. However, individual risk underwriters will now be actively involved in the treaty underwriting process.

In addition, Zurich Re established a centralized broker market individual risk group in New York.

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