Another insurance head rolls - papers 16 October

ANOTHER INSURANCE V.I.P. has been cut from the industry with the news that Ray Greenshields, chief executive of Zurich Financial Services UK is being let go because of continued difficulties at the unit, the FT says. The move to oust Greenshields comes as Zurich seeks to implement a huge cost-cutting program and $2.5bn rights issue. It also follows recent announcements from other insurance groups of top bosses being cut following poor performance, such as former AMP chief executive Paul Batchelor. THE US ECONOMY is in better shape than expected - that is the message fro...