Swiss financier commits suicide months after colleague killed himself

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Zurich-Logo

https://www.rt.com/business/344856-zurich-financier-senn-suicide/

The former head of Switzerland’s biggest insurer has committed suicide, the company said on Monday. He’s the second top executive from Zurich Insurance to kill himself since August 2013.

“Martin Senn’s family has informed us that Martin committed suicide last Friday,” the Swiss company said in a statement, adding it was“stunned and deeply shaken” and “out of respect to Martin and to his family, we will not be making any further comment.”

Senn, 59, resigned in December citing business “setbacks in recent months.’’ Swiss police have refused to comment on reports Senn shot himself.

Before he left the company, he was one of the highest paid chief executives in the country, earning almost $7.2 million in 2014.

He joined Zurich Insurance in 2006 and became CEO in 2010. He stepped down after the company failed to take over Britain’s RSA Insurance Group for $8.2 billion.

Zurich Insurance also reported major losses in the second half of 2015 after a number of insurance claims related to chemical explosions which killed nearly 200 people in Tianjin, China, in August.

In August 2013, Pierre Wauthier, Zurich’s finance director, was found dead at his home. Before his death, Wauthier had major disagreements with then Zurich chairman Josef Ackermann. The finance director left a suicide note, saying “to whom it may concern.”

An independent investigation did not find a link between Ackermann and other top management in Wauthier’s death, but Ackermann left his post days afterwards.

———-

hmm..something stinks in zurich insurance?

“In August 2013, Pierre Wauthier, Zurich’s finance director, was found dead at his home. Before his death, Wauthier had major disagreements with then Zurich chairman Josef Ackermann. The finance director left a suicide note, saying “to whom it may concern.”

thoughts?..links?

401

~ by seeker401 on June 2, 2016.

11 Responses to “Swiss financier commits suicide months after colleague killed himself”

  1. 1MDB financiers & handlers.. take note

  2. Possible links to the derivatives bubble here?
    What’s this company’s exposure?

    Still, it’s possible it all simply relates to personal problems at home, although most of us plodding through this hell-hole of a world cannot imagine any problem that would lead to such despair, especially if we were sitting on personal fortunes that precluded any possibility of destitution. Why did not this individual simply retire and live out the rest of his life in comfort? Dealing with personal tragedies is something normal humans do in almost every lifetime…a ton of money goes a long way to smooth over most of that garbage.

    Well, in the end, he’s simply shown everyone something that most people know already…money ain’t bulletproof, it doesn’t stop your neck from snapping when you reach the end of a hanging rope, and all our futures are the grave, regardless of how important or “special” any of us may think we are.

    Ta-ta, pal…see you soon.

  3. Sorry to hear this.
    But these are clear examples that money does not (always) make people happy

  4. ‘While Marley was flying home from Germany to Jamaica, his vital functions worsened. After landing in Miami, Florida, he was taken to the hospital for immediate medical attention. Bob Marley died on 11 May 1981 at Cedars of Lebanon Hospital in Miami (now University of Miami Hospital) at the age of 36. The spread of melanoma to his lungs and brain caused his death. His final words to his son Ziggy were “Money can’t buy life.”‘

  5. Life is good when you have no worries and no physical labor it seems.

    http://forward.com/news/163089/neocons-gather-to-fete-iraq-war-godfather-bernard/

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