Stokholm to Resign as Zurich Australia CEO

Zurich Financial Services Group announced that Gunnar Stokholm, 55, will resign at the end of 2004 and has stepped down effective immediately from his position as Chief Executive Officer of Australia and Other Markets.

Stokholm joined Zurich in 1995 as CEO of Zurich Denmark. In 1999 he was appointed Head of Corporate Development at the Corporate Center and member of Zurich’s Group Management Board. In November 2000 he became Head of the Business Development Division – IT/e-business, manufacturing and shared services. He has held his current position as CEO of Australia and Other Markets since April 2002.