Former Zurich Insurance Boss Martin Senn Kills Himself
May 30th, 2016Via: Reuters:
Former Zurich Insurance boss Martin Senn has committed suicide six months after leaving the company under a cloud, a tragedy that comes less than three years after Zurich’s finance chief took his own life.
Senn, 59, shot himself at his family’s Alpine resort home in Klosters, Swiss newspaper Blick reported. He had quit as chief executive of Zurich in December following a series of profit warnings and a botched takeover of British rival RSA.
“Martin Senn’s family has informed us that Martin committed suicide last Friday,” the company said in a statement on Monday, adding it was “stunned and deeply shaken”.
His death follows the suicide of Zurich’s finance chief Pierre Wauthier in August 2013, which brought into sharp focus the pressures facing senior corporate executives in Switzerland and elsewhere.
Wauthier, 53, killed himself after writing a suicide note addressed “To whom it may concern” in which he described becoming demoralised by what he called a new, more aggressive tone at Zurich under then-Chairman Josef Ackermann.
Research Credit: DF
