Insurance industry regulation in Bermuda needs to be stepped upso that financial oversight falls in line with the rest of theworld, according to Evan Greenberg, chief executive of Bermuda'slargest insurer.

Mr. Greenberg, president and CEO of ACE Ltd., offered theobservation during a wide-ranging interview with NationalUnderwriter, which focused on ACE's competitive advantages andstrategies.

Asked about the increasing competition for professional talentthat has emerged in Bermuda, as more than 10 new insurers rushed toopen for Jan. 1 renewals, Mr. Greenberg said the situation putsBermuda at risk of becoming “an uncompetitive environment,” andthat weaker regulations are also a problem.

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