ACE Chief Executive Officer Evan Greenberg told an investors conference today that federal rules barring the accumulation of catastrophe reserves need fixing, but tax statutes relating to Bermuda companies are adequate.

Mr. Greenberg addressed the first issue voluntarily during his presentation of ACE Limited's competitive strengths and strategies during the Goldman Sachs Insurance Conference.

He was asked about whether tax laws should or might be changed in the next Congress during the question-and-answer session following his prepared remarks.

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