Zurich, September 14, 2011 – Zurich Financial Services Group (Zurich) today announced the appointment of Pierre Wauthier (51, French and British citizen) as Chief Financial Officer and member of the Group Executive Committee (GEC), effective October 1, 2011, reporting to the Chief Executive Officer, Martin Senn. He will be based in Zurich and is succeeding Dieter Wemmer, who on June 28, 2011 announced his intention to leave Zurich by the end of the year.

In announcing Mr. Wauthier’s appointment, Mr. Senn, said, “we are delighted to welcome Pierre to his new position. His deep understanding of Zurich’s strategy and culture is underpinned by his extensive experience in a wide range of finance-related roles making him the ideal person to continue to drive forward our financial management. We are also pleased to note that his selection underscores the depth and talent of our senior management team.”

Group Treasurer since October 2007 as well as Head of Centrally Managed Businesses since July 2010, Mr. Wauthier brings a broad set of skills and experience to his new role. He joined Zurich in 1996 as Corporate Credit & Investment Risk Manager, served from 1999 to 2002 as Head of Investor Relations and Rating Agency Management and became Executive Vice President and Chief Financial Officer of Zurich’s wholly owned subsidiary Farmers Group, Inc. in 2002. Before joining Zurich, he worked with J.P. Morgan in London and Paris. Mr. Wauthier holds the French equivalent of an MBA in International Finance from l’Ecole des Hautes Etudes Commerciales in Paris and a Maîtrise (Master’s) degree in Private Law from the Sorbonne University in Paris.

Axel P. Lehmann, Chief Risk Officer, Chairman of the Board of Farmers Group, Inc. and GEC member, will take on the additional role of Regional Chairman of Europe, effective October 1, 2011, succeeding Mr. Wemmer. Mr. Senn said, “we are fortunate to have someone of Axel’s expertise and experience in this role.”