(Bloomberg) – Evan Greenberg, chairman and chief executiveofficer of insurer Chubb Ltd., said he worries about the effectof U.S. nationalism on trade and that the country is missing achance to lead.
|“I am concerned about my country's America First brand ofnationalism and its impact on our image and leadership in bothtrade and geopolitics in the short and potentially longer term,”Greenberg wrote in a letter to shareholders Thursday. “Bydiminishing the country's reputation for reliability, the overlynationalistic approach damages our credibility.”
|Chubb, based in Zurich, has operations in 54 countries andterritories.
|“When it comes to trade, we are becoming a source of potentialinstability at a time when we are needed to galvanize like–mindedcountries in a unified direction,” Greenberg wrote.
|Related:
|Chubb CEO says U.S. must avoid risks ofisolating itself
|Chubb to face up to $1.3 billion in lossesfrom Harvey, Irma
|Chubb increases terrorism, politicalviolence and war insurance capacity
|Copyright 2018 Bloomberg. All rightsreserved. This material may not be published, broadcast, rewritten,or redistributed.
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