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Greenberg bullish on insurance rates

NEW YORK (Bloomberg) — Evan Greenberg, the chief executive officer of Ace Ltd, 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 US than I have been for some time,” Greenberg said in a conference call yesterday 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.”

Ace CEO Evan Greenberg

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Published January 31, 2013 at 8:00 am (Updated January 30, 2013 at 6:55 pm)

Greenberg bullish on insurance rates

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