Filed Under:Risk Management, Loss Control

Ace’s Greenberg: TRIA Renewal a ‘No-Brainer’

Ace Ltd. CEO Evan G. Greenberg gave a full-throttle endorsement for the renewal of the Terrorism Risk Insurance Act, saying without it there would be little or no terrorism insurance in the market.

 “I think from any rational point of view, TRIA is really a no-brainer to renew,” says Greenberg (pictured at left) during a conference call to discuss the insurer’s first-quarter earnings.  “It provides a backstop of certainty that allows businesses to continue on.”

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