Zurich insurance fires a dozen staff following FINMA proceedings

The Zurich Insurance Group has dismissed more than a dozen employees in connection with enforcement proceedings by the Swiss Financial Market Supervisory Authority (FINMA) that have come to light. This was stated by Group CEO Mario Greco in an interview with the US news agency Bloomberg published on Monday evening. According to Greco, FINMA has imposed a partial sales ban on certain policies offered by the Swiss unit specialising in corporate life insurance and pension solutions. He explained…