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

Evan Greenberg, the chief executive officer of Ace Ltd. (ACE), 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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.