Zurich CFO’s Widow Rejects Insurer’s file on Suicide

The widow of Zurich insurance’s overdue finance chief on Wednesday rejected a document into his suicide, telling the Swiss employer’s annual shareholder assembly she could not be given the findings of an investigation into his death.

Zurich coverage defended the report into Pierre Wauthier’s suicide, deflecting criticism through the CFO’s widow and his own family contributors, who additionally spoke at the meeting.

Fabienne Wauthier, dressed in black, stated her circle of relatives could not accept the results of probe, which exonerated the insurer and its former chairman Josef Ackermann of obligation.

“We can't receive your end that his suicide changed into unaccountable,” Wauthier informed the packed assembly.

Her criticisms function a painful reminder of Wauthier’s death for the 142-yr antique Swiss organization, that has spent the final seven months trying to reassure traders and circulate on.

Wauthier killed himself remaining August, leaving behind a suicide note wherein he described himself as demoralised because of a new, aggressive tone at Zurich beneath then-chairman Ackermann.

Ackermann stepped down numerous days later, however has denied duty for what he called a “very tragic occasion.” He declined to remark via a spokesman on Wednesday.

An research into Wauthier’s death, commissioned by using Switzerland’s financial regulator FINMA and performed with the aid of regulation firm Homburger, discovered no indication that the CFO changed into subjected to any undue or beside the point pressure, Zurich said in November.

Wauthier turned into joined on the podium at the annual assembly with the aid of her daughter Laura and the mom and brother of her overdue husband.

Wauthier and Pierre’s mom Ingrid, at times preventing to control their emotions, took turns to read from a assertion.

Pierre’s brother Michel, who also spoke, said: “It become no longer regular stress on the workplace that led to his suicide.”

Wauthier, who's French, also stated she become returning her husband’s computer, which she stated had now not been examined by using investigators.

She had additionally spoken of her issues about the evaluation into her husband’s dying in an interview with Reuters.

Zurich Chairman Tom de Swaan paused for numerous seconds on the podium earlier than repeating that the insurer had no indication Wauthier could commit suicide, and defending what he known as a complete overview into whether or not the CFO had come beneath any undue stress.

“The FINMA-led research discovered no indication of this sort of stress,” de Swaan stated.

De Swaan, who assumed the function of chairman in September after Ackermann’s resignation, turned into re-elected by 89.7 percentage of shareholders in a vote at the meeting.

The work of the business enterprise’s board and control in 2013 was additionally authorized through shareholders, garnering 98.8 percentage of votes.