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During Senn’s five years as CEO, Zurich Insurance rose about 19% and paid out record dividends of 17 Swiss francs a share. (Photo: Zurich)

(Bloomberg) – Martin Senn, the Zurich Insurance Group AG chief executive officer who stepped down in a December reshuffle, has committed suicide, the company said in a statement on Monday. He was 59.

The family informed Zurich Insurance that Senn had taken his own life on Friday, according to the statement. “We are profoundly shocked by the news of the sudden death,” the company said.

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