The insurance group had remained silent for a long time. However, speaking to Bloomberg, Zurich CEO Mario Greco has now revealed that the company has dismissed «more than 12 employees» as a result of the Finma enforcement proceedings.
Zurich CEO Mario Greco confirms the enforcement proceedings and multiple dismissals. (Image: zVg)
Tuesday, 28 July 2026 07:42
Finma has imposed a sales ban on certain life insurance policies offered by Zurich. The enforcement action was triggered after customers in Switzerland were sold policies – which are subject to strict regulatory requirements – at lower prices than had been agreed with Finma.
«It is regrettable that we did not identify the issue ourselves, despite all the audits and controls we conduct,» Mario Greco told Bloomberg. Agreed corrective measures had not been implemented, ultimately leading to the enforcement proceedings.
