Greenberg Calls Out ‘Wannabes’ for Wagers on Political Risk
- Smaller ‘wannabes’ are scratching for business, he says
- Chubb CEO says economy faces ‘geopolitical risk everywhere’
Evan Greenberg.
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Evan Greenberg, the chief executive officer of Chubb Ltd., mocked “wannabes” at smaller insurers who are seeking to expand by guarding commercial clients against trade disruption or political instability in international markets.
“They’re scratching for business, they don’t want to shrink,” Greenberg said of rivals in a conference call Wednesday, without naming individual companies. “They think growth and just the top line equal strength.”