FRANKFURT (Standard&Poor's) May 26, 2006--Standard&Poor's Ratings Services said today it assigned its 'A' senior and subordinated unsecured debt and its 'A-' junior subordinated debt ratings to the €6 billion EMTN program planned by Switzerland–based Zurich Insurance Co. (ZIC; A+/Stable/A-1). ZIC is a core operating entity of the Zurich Financial Services group. Potential issuers under the program are ZIC, Zurich Finance (Luxembourg) S.A. [ZF (Luxembourg)], Zurich Finance (USA) Inc. [ZF (USA)], Zurich Finance (UK) PLC [ZF (UK)], and Zurich Bank. Under the EMTN program, ZIC has the ability to issue senior unsecured debt as well as dated and undated subordinated debt. Issues of notes under the program by ZF (Luxembourg), ZF (USA), ZF (U.K.), and Zurich Bank
