Zurich to Provide Up to $2 Million in SE Asia Aid

January 5, 2005

The Zurich Financial Services Group announced that it will provide up to $2 million to countries in Southeast Asia affected by the tsunami catastrophe.

Zurich said the sum “will consist of a donation of $1 million. In addition, the Group will match up to $1 million in charitable contributions made by Zurich employees.”

CEO James J. Schiro stated: “The powerful tsunamis that struck South Asia over the Holidays are a human tragedy. Millions are in need of help. That is why we want to grant immediate relief, while ensuring that we can also provide long-term reconstruction assistance.”

The company said that, under its disaster relief program, “employees can make contributions to a recognized charitable organization of their choice. Contributions made by employees between December 26, 2004, and March 31, 2005, will be matched dollar for dollar by the Group up to a total of $1 million.

“In addition, Zurich will donate $1 million to internationally recognized aid organizations for immediate disaster relief and long-term reconstruction efforts. It could be expected that the “Zurich family” made up of the Group and its 62,000 employees around the world will provide up to $3 million in total tsunami relief. “

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