Zurich Financial Services announced from New York yesterday that Mario Vitale was been promoted to chief executive officer of its Global Corporate business division.

The Zurich, Switzerland-headquartered insurer said Mr. Vitale replaces Geoff Riddell who will assume additional responsibilities overseeing Zurich's operations in the Asia-Pacific and Middle East regions, in addition to assuming the new position of chairman ofGlobal Corporate.

Mr. Vitale has served as deputy CEO of Global Corporate since July 1, in addition to serving as CEO of the Global Corporate in North America division since 2006.

Mr. Vitale joined Zurich from Willis Group Holdings where he was CEO of Willis North America and a member of both Willis' Group Executive Committee and the Office of the Chairman.

The company said Mr. Vitale's replacement will be announced at a later date.

About Zurich Financial Services

Zurich Financial Services Group (Zurich) is an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland.

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Vitale Named Zurich Global Corporate CEO

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