The tragedy comes six months after Mr. Senn left the company under a cloud, and less than three years after Zurich’s finance chief took his own life.

A report by Munich Reinsurance Co. has said that growth in the global insurance market is expected to be driven by Asia in the next few years, The Philippine Star reported.

Data from the Australian Prudential Regulation Authority revealed that the nation’s general insurance industry’s net profit declined 42% year over year to 2.2 billion Australia dollars ($1.6 billion) in the year ended March 31, 2016.

Over 400 flights were cancelled, affecting around 70,000 people, after a passenger plane of South Korea-based Korean Air Lines Co. Ltd. terminated takeoff at Tokyo International Airport, Japan, reported Business Standard citing media sources.

Swiss financial services firm Credit Suisse Group A.G. has sold 220 million Swiss francs ($222 million) worth of insurance-linked securities via a Bermudian special purpose insurer, reported The Royal Gazette.

U.K. companies continue to fail to take basic precautions against cyber attacks, ITProPortal reports.

German insurer Ergo Versicherungsgruppe A.G. has entered into an agreement to buy 40% of Thailand’s Thaisri Insurance Public Co. Ltd., reports The Nation.

A survey by U.A.E-based cyber security firm DarkMatter found that 48% of the respondents said that their organizations did not have a senior management executive to oversee cyber security, reported Khaleej Times.

Oman’s Capital Market Authority said that gross direct takaful insurance premiums boomed 64% to 39 million Omani rials ($101 million) in the nation in 2015, Times of Oman reported.