Zurich Insurance CEO Senn steps down

Martin Senn acknowledged there had been "setbacks" in recent months

Martin Senn has been chief executive of Zurich Insurance since 2010 Pic: Bloomberg

Zurich Insurance Group's chief executive Martin Senn resigned, acknowledging “setbacks” in recent months as losses forced the company to abandon a high-profile takeover bid for RSA Insurance.

Chairman Tom de Swaan has been named interim CEO with immediate effect, the Zurich-based company said. The resignation won’t affect the insurer’s strategy or financial targets, Zurich said, adding it was “confident” it would attain if not exceed its goals through 2016.

The company will look ...