Zurich refinances its USD 3 billion credit facility

Zurich, September 28, 2006 - Zurich Financial Services Group (Zurich) has successfully completed the refinancing of its USD 3 billion syndicated revolving credit facility.  Given current strong liquidity in the bank market, the company decided to replace its existing USD 3 billion credit facility that was completed in 2004 with a 5-year facility including two 1-year extension options.  As the former facility, it serves for general corporate and backup liquidity purposes.

The facility received strong support from the market and was signed with the same bank syndicate.