Evan Greenberg, the chief executive officer of Ace Ltd. (ACE:US), said the company is poised to benefit as the insurer and its rivals charge more to clients for commercial coverage.
“From what I see today, I am more bullish about the pricing environment in the U.S. than I have been for some time,” Greenberg said in a conference call today held by the Zurich-based insurer. Excluding property coverage, “the level of rate increases we received in the fourth quarter, which has continued into the first quarter, is the best we’ve seen in a number of years.”
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