Dateline: 21/01/2003
SCHAUMBURG, IL, January 21, 2003 -- Zurich North America and Zurich London Limited announced today that Fredrik Mürer has joined the Zurich Emerging Markets group as a senior political risk underwriter.
Mürer will be located in London. He will be responsible for the development of political risk solutions for project financiers, multinational corporations and financial institutions. Zurich’s strong reputation in the industry will allow him to collaborate with a host of organizations including public agencies, private insurers, international banks, brokers and multinational corporations.
"Fredrik is a terrific addition to our team," stated Daniel Riordan, executive vice president of the Zurich Emerging Markets group. "His expertise will increase our ability to deliver customized political risk solutions that mitigate exposures facing investors in emerging markets."
Martin South, head of Zurich London Limited stated, "The London-based political risk insurance team is fortunate to have gained a person of Fredrik’s stature. His industry reputation and experience further strengthens Zurich London’s capability to provide flexible and intelligent solutions to protect investors from political and commercial risks."
Mürer was formerly vice president at Chubb Insurance Company of Europe, where he worked for the political risk group. He set up political risk underwriting teams in Europe and North America and was responsible for the supervision of underwriting, business development and marketing of political risk products.
Zurich North America and Zurich London Limited are members of the Zurich Financial Services Group.
Zurich Emerging Markets Solutions (www.zurichna.com/politicalrisk) is a global political risk and credit insurance group based in Washington, DC, with offices in London, Barcelona, Hong Kong, Singapore and Tokyo. ZEMS' global exposure is more than US $7 billion with exposures in 83 emerging markets. ZEMS provides political and credit risk solutions to financial institutions, multinational corporations, export credit agencies and multilateral institutions and is a member of the Berne Union International, an international union of credit and investment insurers.
Zurich North America (www.zurichna.com) is a leading commercial property-casualty insurance provider serving the multinational, middle market and small business sectors in the United States and Canada. Headquartered in Schaumburg, Ill., Zurich North America has 11,650 employees and wrote $10.9 billion in premiums in 2001. Zurich North America includes the Zurich U.S. business units (Corporate Customer, Middle Markets, Small Business, Strategic Partnerships, Construction, Specialties, Zurich Global Energy and Empire Insurance Companies), as well as Universal Underwriters Group and Zurich North America Canada. The Zurich U.S. pool of companies is rated A (excellent) by A.M. Best and A+ (strong) by Standard & Poor's. Zurich North America is a member of the Zurich Financial Services Group.
Zurich London Limited (www.zurichlondon.com) is a leading provider of specialty insurance products and tailored solutions to corporate customers accessing the London market. All business received by Zurich London is underwritten by companies within the Zurich Financial Services Group. The company manages a premium income in excess of US $1 billion.
The Zurich Financial Services Group (www.zurich.com) is an insurance-based financial services provider with an international network that focuses its activities on its key markets of North America, the United Kingdom and Continental Europe. Founded in 1872, Zurich is headquartered in Zurich, Switzerland. It has offices in approximately 60 countries and employs well over 70,000 people.
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Media Contacts:
Sharon Weinstein
Zurich North America
(212) 225-7241
sharon.weinstein@zurichna.com
Jenna Focarino
Miller DeMartine Group
(203) 221-2790
jfocarino@mdgpr.com