Ace Has Commodity Hedges to Guard Crop Insurance, Greenberg Says

Ace Ltd. (ACE), the insurer with operations in more than 50 nations, has hedges to guard against declines in commodity prices that could pressure results at units protecting farmers against crop losses.

“We do a little hedging, but modestly,” Chief Executive Officer Evan Greenberg said on a conference call today.

To contact the reporter on this story: Marci Jacobs in New York at Mjacobs63@bloomberg.net

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

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