For Immediate Release

Contact: Tom Long
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ZURICH FINANCIAL SERVICES ANNOUNCES 2-YEAR EXTENSION TO ITS COMMITMENT TO PGA TOUR EVENT IN N.O.

New Orleans, July 2, 2007 – At a press conference at TPC Louisiana today, PGA TOUR Commissioner Tim Finchem announced that Zurich Financial Services will continue to sponsor the Zurich Classic of New Orleans through 2010.  Zurich is exercising a clause in its existing contract to extend for two additional years.

“We are delighted that Zurich has made the decision to extend its sponsorship another two years,” Finchem said.  “This commitment is extremely important for the future success of the Zurich Classic of New Orleans, and helps further the economic impact and positive effect the tournament has on the entire region through the charitable outreach of the Fore!Kids Foundation.  The PGA TOUR has a long history of tournament golf in New Orleans.  We look forward to building upon this history through our great partnership with Fore!Kids and Zurich Financial Services.”

“Zurich is very pleased to extend our commitment to the PGA TOUR and especially to the city and people of New Orleans,” said James J. Schiro, CEO of Zurich Financial Services.  “For Zurich, the most important aspect of sponsoring the Zurich Classic of New Orleans is that together with the Fore!Kids Foundation and the PGA TOUR we have raised $5.2 million over the last three years for the more than 40 charities Fore!Kids serves.  That is something in which we, as a company, take great pride.”

Zurich’s commitment to the New Orleans PGA TOUR event ensures that more than 200,000 local children represented by the charities served by the Fore!Kids Foundation will have brighter futures ahead.  The Fore!Kids Foundation, through the Zurich Classic of New Orleans and other golf-related events, raises funds to provide health care, education and hope for children in need.

“On behalf of the Fore!Kids Foundation and the thousands of area children who will continue to benefit from Zurich’s generosity, I say thank you,” said Tommy Fonseca, President of the Fore!Kids Foundation.  “Zurich is an amazing partner and we are so thankful for its strong dedication to New Orleans.”

Next year will mark the 50th year of consecutive play of a PGA TOUR event in New Orleans.  Since 1958 (the first year in which the tournament was played annually in New Orleans), the purse has risen from $20,000 to $6.1 million.  Past winners include such notables as Byron Nelson, Jack Nicklaus, Davis Love III, David Toms and Vijay Singh.

The 2008 Zurich Classic of New Orleans will take place at TPC Louisiana March 24 – March 30.  For further information or to purchase tickets, please visit the tournament Web site at www.zurichgolfclassic.com or call 504-342-3000.  For further information on the Fore!Kids Foundation and its mission, please visit www.forekidsfoundation.com.

 

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.  It employs approximately 55,000 people serving customers in more than 150 countries.  In North America, Zurich (www.zurichna.com) is a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, small business, specialties and programs sectors.

Also a member of the Zurich global network in North America is the Farmers Insurance Group (www.farmers.com).  Farmers is the third largest personal lines insurance group in the United States, providing auto, home, specialty, small business, life and investment products.

About the Fore!Kids Foundation
The Fore!Kids Foundation produces the annual stop on the PGA TOUR in New Orleans.  Since its inception, the Foundation has helped to raise more than $15 million for area charities.  Additionally, the Fore!Kids Foundation, through the PGA TOUR event, provides an estimated $25 million in annual economic impact to the city and state.  The tournament is televised to an international audience, allowing millions of people to see some of the area’s greatest attractions.

About the PGA TOUR
The PGA TOUR is a tax-exempt membership organization of professional golfers.  Its primary purpose is to provide competitive earnings opportunities for past, current and future members of the PGA TOUR, Champions Tour and Nationwide Tour; to protect the integrity of the game; and to help grow the reach of the game in the U.S. and around the world.

In 2007, the three Tours will compete in approximately 110 events for approximately $340 million in prize money.  Tournaments are being held in six countries outside the U.S. and in 36 states.

In addition to providing competitive opportunities for its membership, TOUR events also generate significant funds for local charities.  In fact, the three Tours have surpassed the $1 billion mark in overall charitable contributions.  The PGA TOUR’s web site address is www.pgatour.com and the company is headquartered in Ponte Vedra Beach, FL.

 

 

 

Zurich Classic of New Orleans

http://zurichgolfclassic.com