Bloomberg News

Ace CEO Evan Greenberg Says He’s More Bullish on U.S. Pricing

January 30, 2013

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.”

To contact the reporter on this story: Elizabeth Bunn in New York at ebunn1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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Companies Mentioned

  • ACE
    (ACE Ltd)
    • $109.5 USD
    • 0.54
    • 0.49%
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