Zurich Surety, Credit & Political Risk Joins with SACE on Public/Private Partnership

(Earthtimes, Schaumburg, Ill. 11February 2009) Zurich in North America's Surety, Credit & Political Risk group today announced the successful completion of an initial transaction with SACE, a leading credit insurance group controlled by Italy's Ministry of Economy and Finance. Under the terms of the agreement, Zurich will offer reinsurance or co-insurance facilities to SACE for transactions where SACE has reached their exposure limits for a particular country or obligor.