Former Zurich Insurance CEO killed himself, says company

The former arch executive of Zurich Insurance has committed suicide, a association pronounced on Monday, reduction than 3 years after a company’s arch financial officer also took his possess life.

The genocide of Martin Senn, 59, takes a array of suicides by executives during Switzerland’s biggest companies to 5 in usually 8 years.

Senn was arch executive of Zurich in 2013 when Pierre Wauthier, a insurer’s arch financial officer, killed himself.

Zurich, Switzerland’s biggest insurer, pronounced it was “stunned and deeply shaken” by a genocide of Senn, who was arch executive between 2010 and 2015.

In a matter it said: “Martin Senn’s family has sensitive us that Martin committed self-murder final Friday. With Martin, we remove not usually a worthy former CEO and valued former colleague, though also a compassionate friend. Our thoughts are with his family, to whom we demonstrate a deepest condolences.

“Out of honour for Martin and out of care for a family, we will not make any serve comment.”

Police in a canton of Grisons reliable they had responded to a box though gave no serve details.

Senn quiescent from a association on 1 Dec final year after a unsuccessful takeover bid for a British insurer RSA and a array of distinction warnings. Zurich walked divided from a £5.6bn understanding after pang £175m of waste from an blast during a Chinese pier of Tianjin and problems in a US automobile word division.

At a company’s annual assembly in 2014, Senn spoke about a genocide of Wauthier. “The grief and startle we gifted during a self-murder of a co-worker Pierre Wauthier was enormous,” he said.

The self-murder stirred a company-wide exploration into workplace pressure, with Zurich’s afterwards chairman, Josef Ackermann, resigning after he was named in Wauthier’s self-murder note.

The note, addressed “to whom it might concern” described how Wauthier had turn discouraged by what he called a new, some-more assertive tinge during Zurich.

Two eccentric investigations destined by Swiss regulators found no denote he had been theme to undue vigour by decision-makers during a company.

Wauthier’s widow and children, however, lashed out during a association in an residence during a annual assembly destined during a chairman, Tom de Swaan.

“You settled final week that Zurich has improved,” they said. “We unequivocally wish we could trust we for a consequence of a people inside your corporation. But a approach we rubbed Pierre’s self-murder is a pointer that unaccountability stays partial of Zurich’s corporate culture.”

Switzerland’s business village has been rocked by a array of suicides given Alex Widmer, a arch executive of private bank Julius Baer, killed himself in 2008 as a financial pile-up loomed.

Swisscom’s trainer Carsten Schloter killed himself in 2013 after revelation interviewers that he found it increasingly formidable to switch off outward work since he owned a smartphone.

“The many dangerous thing is to tumble into a mode of permanent activity and invariably deliberate one’s smartphone to see either any new mails have come in,” he told Swiss journal Schweiz am Sonntag. “Everyone should switch off their mobile phone from time to time.”

Asked either he found it probable to omit his phone, he said: “No, we contingency contend that we find it increasingly formidable to ease down and to revoke tempo. Perhaps that has something to do with age.”

He also lamented a miss of “windows” in that he could unwind, saying: “It creates we feel as if we are being strangled.”

Adrian Kohler, a trainer of a herbal candy association Ricola, killed himself in 2011 dual days after admissing financial irregularities to associate house members.

In 2014, a investigate published in a British Journal of Psychiatry resolved that a financial predicament was a cause in 10,000 suicides.

Experts from a University of Oxford and a London School of Hygiene and Tropical Medicine pronounced self-murder rates in Europe rose by 6.5% between 2007 and 2009 and remained aloft than common until 2011.

In a UK, a Samaritans can be contacted on 116 123. In a US, a National Suicide Prevention Lifeline is 1-800-273-8255. In Australia, a predicament support use Lifeline is on 13 11 14. Hotlines in other countries can be found here.

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