Q: In this task, you are given a text of many news articles seperated by special token "|||||". Your task is to summarize them.
Josef Ackermann, chairman of Zurich Insurance Group, answers questions after delivering the opening speech of the Reuters Global Wealth Management Summit in Geneva June 3, 2013. REUTERS/Valentin Flauraud 
  
 Zurich Financial Services Group newly elected Chairman Josef Ackermann delivers his speech during his company's annual general meeting in Zurich in this March 29, 2012 file photo. REUTERS/Christian Hartmann/Files 
  
 ZURICH Josef Ackermann, the former head of Deutsche Bank (DBKGn.DE), resigned on Thursday as chairman of Zurich Insurance ZURN.VX over the apparent suicide of the Swiss insurer's finance chief. 
  
 Ackermann said the family of chief financial officer Pierre Wauthier, who had worked at Europe's No. 3 insurance group for 17 years, believed he shared some of the blame for his death. 
  
 Wauthier's death came just weeks after the head of telecoms firm Swisscom SCMN.VX, Carsten Schloter, died in another apparent suicide. The deaths have shocked corporate Switzerland and prompted calls for greater support for boardroom high-fliers. 
  
 "I have reasons to believe that the family is of the opinion that I should take my share of responsibility, as unfounded as any allegations might be," Ackermann said in a statement, adding that he wanted to avoid any damage to Zurich's reputation. 
  
 Swiss police said that Wauthier - who was found dead at his suburban home near Zug on Monday - appeared to have committed suicide. 
  
 A spokeswoman for Zurich Insurance did not elaborate on what allegations Ackermann was referring to surrounding Wauthier, who was 53 and left a wife and two children. 
  
 Wauthier's widow declined comment on Thursday. And at the family's lakefront home, once a traditional Swiss inn, a security guard said relatives did not wish to talk. 
  
 "NO CONFLICTS" 
  
 Zurich's chief executive Martin Senn said he was not aware of any dispute that could have driven Wauthier to his death. 
  
 "We didn't spot any conflicts that could or should have led to such a death," Senn told Swiss television. 
  
 However, a former colleague of Wauthier's said there was pressure within the company to increase its share price. 
  
 Two insurance executives outside the firm's headquarters in Zurich described their colleagues as "somewhat shellshocked" and said Ackermann's departure was a surprise for the industry. 
  
 Zurich said Vice-Chairman Tom de Swaan would take over as acting chairman. 
  
 One of Europe's leading economic power brokers, Ackermann, 65, transformed Germany's Deutsche Bank and played a role in the euro zone's financial crisis as chairman of the Institute of International Finance (IIF). 
  
 He was touted as a candidate for top financial jobs in his native Switzerland before he took the relatively low-key role at Zurich last year. He also sits on the boards of Royal Dutch Shell (RDSa.L), Siemens SIEGn.de and Investor AB (INVEb.ST). 
  
 Ackermann has survived controversy before. In 2006, he paid 3.2 million euros, without admitting wrongdoing, to avoid trial in a dispute over payments to executives at telecoms firm Mannesmann, where he sat on the board of directors. 
  
 One of few senior industry figures to keep his job through the current financial crisis, he became a forceful public advocate for the Swiss financial sector after leaving Deutsche. 
  
 "Ackermann's mission when he came was to shake up Zurich, to infuse a more dynamic mentality into it," said a person close to the former Zurich chairman. 
  
 "Yes, insurance isn't banking. But there was still more oomph to be wrung out of Zurich, he thought." 
  
 TRACK RECORD 
  
 When Ackermann took over as Deutsche Bank chief executive in May 2002, radical surgery was needed. Burdened with high costs, it was slipping as one of the largest lenders in Europe. 
  
 The first non-German to lead the bank, Ackermann was asked to transform it into a "global champion", but fell out with a German establishment that saw Deutsche's traditional role as supporting national industries. 
  
 When Ackermann joined the Frankfurt-based institution, the bank derived more than 70 percent of revenues from Germany. Ackermann sold off industrial holdings and slashed jobs, and Deutsche now makes less than 30 percent of its revenue there. 
  
 However, his arrival at Zurich failed to impress investors and there was considerable change in the top ranks. 
  
 Former general insurance head Mario Greco left a year ago to become head of Italian insurer Generali (GASI.MI). Two weeks ago the head of its life insurance arm, Kevin Hogan, left to become AIG's (AIG.N) head of consumer insurance. 
  
 On August 15, Zurich said it would be hard pressed to meet certain performance targets after posting a 27 percent fall in second-quarter net profit due to natural disaster payouts, which topped those of European rivals because of its high exposure to the United States. 
  
 The shares closed down 2.47 percent at 228.80 francs, but remained above the low of 225.6 francs that they reached on Tuesday after news of Wauthier's death. The volume of shares traded on the day, however, was the highest in over three years. 
  
 (Additional reporting by Martin de Sa'Pinto and Alice Baghdjian in Zurich and Edward Taylor in Frankfurt; Writing by Tom Miles; Editing by Peter Graff, Alexander Smith and Alastair Macdonald) ||||| GENEVA (AP) — Switzerland's Zurich Insurance Group says former chief executive Martin Senn, who ran the company for six years until last December, has killed himself. The incident comes three years after the company's then-chief financial officer also killed himself. 
  
 Local police in the eastern Graubuenden region were called to the scene Friday at a holiday resort apartment in the town of Klosters, near Davos, said regional police spokesman Roman Rueegg. He declined comment on the suspected cause of death. 
  
 Expressing its "great shock and sadness," Zurich Insurance said in a brief statement Monday that "his family informed us that Martin took his life last Friday." The company said it would not be making any further comment, "out of respect to Martin and to his family." 
  
 Senn, a Swiss national, was 59. He departed as CEO at the end of last year, saying that there had been "some setbacks in recent months" but the company was in good shape. 
  
 Three years ago, Zurich's then chief financial officer, Pierre Wauthier, killed himself. Two independent probes directed by Swiss regulators found no indication that he had been subject to undue pressure by decision-makers at the company. 
  
 The 144-year-old company, one of the world's leading multi-line insurers, has some 55,000 employees worldwide and customers in more than 170 countries. ||||| Jun 1, 2016 - 11:26 
  
 Martin Senn, CEO Zurich Insurance Group, in 2014 (Keystone) 
  
 The latest suicide of a top executive in Switzerland has focused attention on the affluent Alpine country and the stresses placed on senior managers, their ability to cope with a sudden job loss, and whether Swiss society creates particular pressures for them. 
  
 Zurich Insurance has announced that Martin Senn, its former chief executive, has taken his own life, six months after he quit the Swiss insurer under a cloud. 
  
  
  
 His death came three years after Pierre Wauthier, then Zurich’s finance director, also took his own life. Other high profile suicides include Carsten Schloter, chief executive of telecoms company Swisscom. In 2008, Alex Widmer, chief executive of Julius Baer, the Swiss private bank, also took his life. 
  
  
  
 Those who knew him said Senn had difficulties coping with his sudden altered status. The upheaval could have contributed to depression, experts said. 
  
  
  
 Survival skills Helping executives deal with stress By Jeannie Wurz Managers and stress became a hot topic in Switzerland in 2013 following the suicides of two prominent company executives. Both ... 
  
 “If you are high in a hierarchy and have a dominant psychology, and you define your life and values as such, it can be very damaging for your psychological wellbeing if you lose your position,” said Dr Thomas Heinsius, head doctor at Winterthur’s Policlinic for integrated psychiatry, near Zurich. “You become depressed if your psychological repertoire is not sufficiently equipped to deal with the new challenge.” 
  
  
  
 “Top people who lose their jobs often fall into a deep hole,” added Rolf Butz, director of the Zurich branch of the Swiss professional employees association. “It is difficult to define their life beyond their profession, their function, status.” 
  
  
  
 The emotional challenges might be more acute in Switzerland. The business elite move in relatively small circles and the loss of job can lead to being excluded from social networks. 
  
 Senn’s departure from Zurich was abrupt. After losing his job, he also stepped down as chairman of the Swiss-American chamber of commerce. 
  
  
  
 “The Swiss suicide rate is not so far off the European rate, but maybe Swiss men are less used to sharing emotions or seeking help. Maybe it is more difficult losing your status in a small country, where you cannot easily just change town,” said Dr Heinsius. 
  
 Business environments can be stiff; a former Zurich employee complained that open discussion of Wauthier’s death in 2013 was discouraged. 
  
 Some in Switzerland also point out there is less of a culture of “acceptable failure” than in the US - the idea that you can bounce back after a setback - which means the stakes are even higher for chief executives. Those involved in big corporate failures are often never heard of again. 
  
  
  
  
  
 Copyright The Financial Times Limited 2016 |||||
A:
Envision moving to Switzerland, and pleasant images of a moneyed high life may arise. But reality in the Swiss business world may not be in keeping with what Reuters calls the country's "picture postcard image," especially after a recent string of suicides among top executives there. Martin Senn, the ex-CEO of Zurich Insurance, killed himself last week, per the AP, just three years after the company's CFO, Pierre Wauthier, also died by his own hand. The head of Swisscom telecommunications firm also killed himself in 2013, as did the chief of Julius Baer bank in 2008. And while stats from a 2014 World Health Organization report don't indicate runaway suicide rates in Switzerland—the report puts the country squarely in the midrange of suicide rates among European nations—some entrenched in the Swiss business world have noted the stresses that may proliferate in the managerial arena. "If you fail, you are expected to excuse yourself from the conversation and drop any further ambitions," one entrepreneur tells Reuters. "You're not expected to show your face again." Those stresses may arise from a desire to retain Switzerland's conservative traditions, often at odds with the pressure of investor demands, a sluggish world economy, and ever-changing regulations. "Whenever I ask people in the financial sector how they feel, they answer: 'I am tired,'" a professor at the IMD Business School says. In Wauthier's case, his suicide note pointed the finger at then-Zurich CEO Josef Ackermann, who some claimed had tried to ditch the insurance giant's conservative foundation and pressured managers to get riskier in investments. Ackermann resigned in 2013 due to the backlash from Wauthier's suicide. Other medical experts say businesspeople at the top may not cope well with leaving their firms, as in the case of Senn's sudden departure six months ago. "Top people who lose their jobs often fall into a deep hole," the director of a Swiss workers' association tells Swiss Radio International. "It is difficult to define their life beyond their profession, their function, [their] status." (To help others, a college president revealed his own suicide attempts.)