Suicide - former Zurich CEO Martin Senn dead at 59
Martin Senn, the former CEO of Zurich, has died. A statement on Zurich’s website reads:
“It is with great shock and sadness that we must inform you of the sudden death of Martin Senn. His family informed us that Martin took his life last Friday.”
Mr Senn stepped down as the firm’s global chief last December following the insurer’s failed takeover bid for RSA Insurance.
Swiss newspaper Blick reports that he was found dead at the family’s holiday home in Switzerland.
Zurich’s statement pays tribute to its former leader: “With the passing of Martin, we lose not only a highly valued former CEO and colleague but also a close friend. Our thoughts are with his bereaved family and friends, to whom we extend our deepest sympathies.”
Insurers warned of financial losses from climate change real estate impact
Insurance companies must work together with banks, property owners and governments to avoid “significant and increasing” financial losses from the effects of climate change.
The warning has been made in a report from Australian-based Climate Institute called ‘There Goes the Neighbourhood’ which highlights the large number of properties that are exposed to risks.
“People continue to buy homes that continue to be built and sold in areas that may be at more risk than they realize,” said institute CEO John Connor. “Limited sharing of information possessed by public authorities, financial institutions and other stakeholders means buyers aren’t always adequately informed, nor is relevant policy and decision-making.”
Insurance agents’ association invites award nominations
The National Association of Professional Insurance Agents is inviting nominations for four awards which will be announced at a luncheon in September.
The categories are: National company of excellence; Company representative of the year; Managing general agency of the year; and Excellence in social media.
The awards ceremony will form part of the association’s Fall Governance Meetings in Omaha, Nebraska.
