(Bloomberg) -- Chubb Ltd. Chief Executive Officer EvanGreenberg said the U.S. must avoid the risk of becoming soinward-looking that the nation cedes its historic role in shaping aliberal order that has benefited the country for decades.

“Without U.S. leadership, the system lacks confidence and ourallies and others seek alternatives,” Greenberg wrote in his annual letter, which waspublished on the company’s website. “If we don’t defend this worldorder, and if we allow our current populism to turn intoprotectionism and simply follow a narrow view of an America Firstpolicy, other countries will naturally follow suit with their ownbrand of nationalism.”

'Cautiously optimistic'


Greenberg didn’t mention President Donald Trump by name in theletter. While the CEO said he’s "cautiously optimistic" about manyof the administration’s economic policies, "particularly aroundderegulation for business, tax reform, and infrastructure andmilitary spending," the CEO stressed the importance of close tieswith Mexico, a nation where he has expanded through acquisitions.And Greenberg criticized Russia’s Vladimir Putin, a leader who haswon praise until recently from Trump.

“A stable, growing, prosperous and open Mexico, friendly to theU.S., is in our national interest,” Greenberg wrote. “Russia is notour friend and no one should misunderstand them. Russia and Putinwant to reassert their influence — they do not respectnation-state borders, physical or cyber, and they have a desire toundermine democratic states.”

‘Set the tone’


Greenberg, 62, built one of the world’s largest insurers last yearby combining his Ace Ltd. with Chubb Corp. TheZurich-based company operates in more than 50 nations. He has beenvocal on the benefits of globalization, saying in February that theU.S. needs to remain open to people from the rest of the world.Those remarks followed an order by Trump to limit travel to theU.S. from some Muslim-majority countries. The letter built onGreenberg’s warnings.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.