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Zurich Closes Sale to Unnim

Posted on 02 Mar 2011

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Zurich Financial Services Group announced today that it has closed the sale to Unnim of its 50% stakes in the life and general insurance bancassurance companies CaixaSabadell Vida, S.A. de Seguros y Reaseguros and CaixaSabadell Companyia d’Assegurances Generals, S.A., jointly owned with Unnim (the “Unnim Jointly Owned Companies”).

Customers of the Unnim Jointly Owned Companies are not affected by this transaction.

Zurich stated that i remains fully committed to the life and general insurance markets in Spain and to its other bancassurance partners in the country.