Posted on 05/30/2016 9:04:39 AM PDT by Nachum
In the latest tragic news from the world of finance, earlier today Zurich Insurance, the largest Swiss insurer which employs 55,000 people and provides general insurance and life insurance products in more than 170 countries, reported that Martin Senn, the company's former chief executive officer who stepped down in a December reshuffle, has committed suicide. He was 59.
Senn had been a long-time employee of the insurer, serving as its chief executive for six years before stepping down in December.
The family informed Zurich Insurance that Senn had taken his own life on Friday, according to the statement. "We are profoundly shocked by the news of the sudden death," the company said. According to Bloomberg, Senn was found in his holiday house in Klosters, a Swiss ski resort, Blick newspaper reported. The cantonal police of Grisons wouldn’t confirm the death but said officers had been deployed on Friday in connection with Senn.
(Excerpt) Read more at zerohedge.com ...
ping
Too much smoke for there not to be fire.
The false god of money worshipers strikes again.
Odd, that......................
Second ‘deadbankers’ in a week. Looks like the cycle is starting again. The guy from BofA/Merrill Lynch went sailing out of a 26th floor window last week after ingesting hallucinogens (an old CIA trick). http://www.freerepublic.com/focus/f-news/3433227/posts
"Whilst we regret your tragic loss and extend our heartfelt condolences, Mr. Senn's policy excludes claims as a result of, suicide, death consequential to the commission of a felony, sky diving, mountaineering, or certain other dangerous activities, or as a result of aviation accidents, except on regularly scheduled commercial airlines."
Another dead “banker.” He had stepped down 6 months ago.... You can check out any time you like, but you can never leave....
Six months ago, the CFO committed suicide and blamed, in his suicide note, the Chairman of the Board for setting up a hostile pressure filled work atmosphere. This guy who just killed himself, the CEO at the time, ran an investigation and said there was not too much pressure on that guy. But Zurich reorganized and he was out. And now he is wayyyyy out.
Switzerland is home to one of the world’s largest reinsurance companies, so it could have global implications if the Swiss insurance industry is messed up in general. Reinsurance companies are where insurance companies are insured.
Just so long as the wrong domino doesn’t fall.
Ah, it’s beginning to look like Roberto Calvi, Banco Ambrosiano, and the Vatican all over again.
Obvious rich guy. Did any others suicide because of his decisions over the years?
Swiss Banking “Retirement” Incident, bump....
hmm.. stressful job.
The Soros confident knew too much and was given an easy way out.
/novel
5.56mm
Reminding me of the Vatican bank scandal years ago. One of the banking big shots was found hanging from a bridge.m
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