Zurich Insurance Group has signed a seven year IT services contract extension with outsourcing giant CSC.

The new contract, which allows for a further extension of three years, will begin at the start of 2013. The announcement of the extension comes shortly after the end of CSC’s failed Lorenzo project with the NHS.

Ray August, president of CSC’s Financial Services Group, said: ““Zurich’s selection of CSC underscores our wealth of experience in the insurance industry and the success of our global service delivery team”.