Zurich Financial Services has appointed Martin Senn as its new chief executive.
Currently the firm’s chief investment officer, Senn will replace James Schiro when he retires in December. Zurich board of directors chairman Manfred Gentz says: “Martin is an engaging, thoughtful and results-oriented leader who is ideally suited to build on and further develop Zurich’s successful strategy. " "We are confident he is the right leader for Zurich’s next phase of success." The appointment was announced as the insurer reported a 16% fall in second-quarter operating profit to $1.49bn.
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