Evan Greenberg Says Businesses Face Regulatory ‘Assault’
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Ace Ltd. Chairman and Chief Executive Officer Evan Greenberg said regulators in the U.S. and Europe are stymieing private-sector growth as he expands the Swiss insurer’s operations in Asia and Latin America.
“In the U.S. and much of Europe, we face an unrelenting assault on business by government,” Greenberg said in an annual letter to shareholders posted today on the Zurich-based company’s website. “Rather than creating an environment of certainty where business thrives, government is discouraging risk-taking and investment.”