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Second Zurich Insurance executive commits suicide

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Martin Senn, the former CEO of Zurich Insurance Group, has committed suicide.

Senn, 59, stepped down in December after serving as CEO for six years. In September, the company's acquisition of U.K. insurance firm RSA Group was scrapped due to a "deterioration in the trading performance of Zurich's general insurance business," according to an RSA statement.

The insurance business was was forced to pay $275 million in claims related to a major port explosion in Tianjin, China.

Senn's death comes less than three years after the company's chief financial officer, Pierre Wauthier, also committed suicide.

Read more from CNNMoney.

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