Katherine P. Cody Appointed Senior Vice President and Chief Financial Officer of Farmers New World Life Insurance Company

Farmers New World Life Insurance Company announced that Katherine P. Cody has been named senior vice president and chief financial officer of the company.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080605/LATH062)

"Kathy brings more than twenty years of experience in financial services and accounting to the CFO position at Farmers New World Life Insurance Company," said Paul Patsis, CEO, Farmers Life, and Executive Vice President, Farmers Group, Inc. "The Farmers family is proud to have her on our team. We always look for solid leadership and vision and Kathy fits the bill. She will work to continue to position Farmers New World Life as the industry leader."

Joining Farmers from The Phoenix Companies, Cody held positions including assistant vice president corporate finance, second vice president strategic development, vice president and treasurer and senior vice president and chief accounting officer. Most recently, she was responsible for leading Phoenix's emerging growth line Alternative Retirement Solutions. Prior to working at Phoenix, she served several insurance companies through her work as an auditor for PricewaterhouseCoopers.

Cody is a graduate of Syracuse University with a Bachelor of Science in Accounting and holds the designations of CPA, CTP, FLMI, HIA, and MHP. She is a member of the American Society of Certified Public Accountants, LOMA and the Association of Finance Professionals.

Cody and her family will be relocating from Hartford, Connecticut to the Seattle, Washington area.

Farmers Group, Inc. is a wholly owned subsidiary of Zurich Financial Services, 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. Farmers(R) is the nation's third-largest Personal Lines Property & Casualty insurance group. Property and casualty products are underwritten and issued by the Farmers Exchanges and their subsidiaries, which Farmers Group, Inc. manages but does not own. Headquartered in Los Angeles and doing business in 41 states, the Farmers insurers provide Homeowners, Auto, Business, Life insurance and Financial Services to more than 10 million households. For more information about Farmers, visit our Web site at www.farmers.com.

  Contact:  Jerry Davies

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Photo: http://www.newscom.com/cgi-bin/prnh/20080605/LATH062
PRN Photo Desk, photodesk@prnewswire.com

SOURCE: Farmers Group, Inc.



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