Martin Senn, the Chief Executive Officer of Switzerland's largest insurer, Zurich Insurance Group has assured investors and analysts that its accounts will remain intact and that the company is performing well.

The remarks came after Chairman Josef Ackermann stepped down following the chief financial officer's suicide. The company had announced on 26 August, 2013 that Pierre Wauthier was found dead at his home. The shares of the company had fallen about 2.2 billion Swiss francs in total market value.

Ackermann announced his decision to step down from the top job after Wauthier mentioned him in his suicide note and members of Wauthier's family blamed him for sharing a responsibility of his suicide. Joerg Neef, a spokesman for Ackermann has said that the allegations are unfounded.

Senn said, "I want to make it crystal clear that there is no link between this news and Zurich's business and financial performance. We continue to be very profitable and we continue to generate very healthy cash flows. We have a strong and resilient balance sheet."

Following the remarks by Senn, the shares rose for the first time since the incident. Investors were concerned over the company's performance after it missed three of the past four quarters and also announced a write-off in October.