29 October 2004
Zurich Financial Services Group (Zurich) has completed the sale of all Life Insurance policies written by its Taiwanese branch, including the related assets and liabilities, to Far Glory Life Insurance Company. This transaction had been announced on August 12, 2004. Both parties agreed to keep the value of the transaction confidential.
This step is in line with Zurich’s strategy to sharpen the focus of the Group’s Life Insurance business. Zurich remains committed to its General Insurance operation in Taiwan, which is not affected by this transaction.
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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
Zurich Taiwan Life
Media Relations / Amanda Ho
Phone +886 935 520 729
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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