Zurich Appoints Political Risk Underwriter for Washington

July 8, 2004

James Brache has joined the Zurich business unit providing insurance and risk management solutions in emerging markets as an underwriter. A provider of political risk and medium-term trade credit insurance, Zurich develops comprehensive coverage for global customers investing and trading in developing economies around the world.

Brache, who is located in Washington, D.C., is responsible for the development of political risk insurance solutions for multinational corporations, infrastructure developers, exporters and lenders.

In addition, he will work in collaboration with multilateral organizations and public agencies to advance client goals in emerging markets.

Prior to joining Zurich, Brache had been senior investment officer at the Environmental Enterprises Assistance Fund where he sourced, analyzed and structured debt and equity investments in environmentally focused companies in emerging markets.

Zurich’s strategic business unit offering insurance solutions in emerging markets (www.zurichna.com/politicalrisk) is based in Washington, D.C., with offices in London, Barcelona, Hong Kong and Tokyo. The unit provides political and trade credit risk solutions to financial institutions, multinational corporations, investors, exporters and infrastructure developers. Zurich is a member of the Berne Union, an international union of credit and investment insurers.

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