Zurich Insurance: No undue pressure in CFO suicide case
Zurich Insurance Group said two investigations found no indication that the company's former chief financial officer who committed suicide two months ago suffered any "undue pressure" and confirmed the presentation of its financial figures.
"We are still deeply saddened by the loss of Pierre Wauthier and we are unable to explain the motivation behind his tragic decision," Zurich Chairman of the board of directors Tom de Swaan was quoted as staying in a statement on Monday.
Two independent investigations conducted by the Swiss financial market watchdog FINMA into the suicide found "no indication that Pierre Wauthier was subjected to any undue or inappropriate pressure," Zurich said.
Sources told Reuters on Friday the investigations had found no improprieties.