Josef Ackermann News

Senn, Ex-CEO of Zurich Insurance, Commits Suicide

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 …

Zurich Insurance Reports Profit Rebound

Zurich Insurance Group AG, Switzerland’s biggest insurer, said third-quarter profit rose 64 percent, beating analyst estimates, after a write-off related to its German business hurt earnings a year earlier. Net income rose to $1.1 billion from $672 million a year …

Review of Zurich Finance Chief’s Suicide Clears Ackermann

Zurich Insurance finance chief Pierre Wauthier did not come under “undue pressure” before his suicide, the firm said on Monday, citing results of an investigation into his death that it hopes will wrap up the scandal before earnings next week. …

Former Zurich Chair Ackermann Quits Siemens, Refutes Influence in CFO Suicide

Josef Ackermann will step down from Siemens AG’s supervisory board, two weeks after he resigned as chairman of Zurich Insurance Group AG following his naming in the suicide note of finance chief Pierre Wauthier. The decision of the former Deutsche …

Zurich CFO’s Suicide Followed Disagreement on Business Targets

On August 14, Zurich Insurance chairman Josef Ackermann received financial chief Pierre Wauthier and head of investor relations James Quin at his office overlooking Lake Zurich to finalise the company’s second-quarter results, due for release the next day. Most of …