NU Online News Service, May 5, 1:55 p.m. EST

Evan Greenberg, chairman and chief executive officer of ACE Ltd. says the company is seeing rates flat-to-positive in some lines, with competition in commodity-type business.

Commenting on the market cycle direction during a conference call on earnings, Greenberg says, “We’re likely bouncing around the bottom right now, and I think that we will remain where we will be for a while.”

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