29 October 2004
Zurich Financial Services Group (Zurich) announced the appointment of David Demmon (46) to Chief Financial Officer (CFO) of its Global Life Insurance business effective November 1, 2004. In this newly created position, David Demmon reports to Paul van de Geijn, Chief Executive Officer of Zurich’s Global Life Insurance business.
Paul van de Geijn said: "We are implementing the organizational structure announced in April. I am delighted to count on the vast experience David brings from the Farmers organization. I expect him to apply strict financial discipline and to maintain the momentum to strengthen our business results. He will also support a number of initiatives including capital and solvency management."
David Demmon joined the Farmers organization in 1980 in the Portland Office. He held various positions before being promoted to Assistant Vice President of Accounting and Treasurer of Farmers New World Life in 1992. In February 2002, he was appointed to his current position at Farmers as Vice President - Finance.
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Zurich Financial Services is an insurance-based financial services provider with a global network that focuses its activities on its key markets in North America and Europe. Founded in 1872, Zurich is headquartered in Zurich, Switzerland. Zurich has offices in more than 50 countries and employs about 62,000 people.
For further information please contact:
Media and Public Relations
Phone: +41 (0)1 625 21 00, Fax: +41 (0)1 625 26 41, E-mail: media@zurich.com
Investor Relations
Phone: +41 (0)1 625 22 99, Fax: +41 (0)1 625 36 18, E-mail: investor.relations@zurich.com
Zurich Financial Services
Mythenquai 2, P.O. Box, 8022 Zurich, Switzerland
http://www.zurich.com
SWX Swiss Exchange/virt-x: ZURN
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