Senn's Departure Seen Ending Era of Fat Dividends at Zurich
- Insurer tops index of leading Swiss companies for dividend
- Company expects revenue to decline after losses this year
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As Zurich Insurance Group AG begins the search for a chief executive officer, investors may need to prepare for more than a new face. An end to the company’s generous dividends could also be on the horizon.
Switzerland’s biggest insurer said it is looking for an “entrepreneurial” outsider with deep experience in the industry to replace Martin Senn, who stepped down Tuesday after six years as CEO. Chairman Tom de Swaan will fill in until a successor can be found.