NU Online News Service, July 25, 1:33 p.m. EDT
The drought in the United States is expected to cause as much as $68 million in third-quarter crop-insurance losses for ACE, says the company's chief executive.
During a conference call with financial analysts today, Evan G. Greenberg, chairman and chief executive officer for the Zurich-based international insurer ACE Ltd., says that while second-quarter results for crop insurance were in-line with expectations, the remainder of the year would likely produce higher loss results.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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
Already have an account? Sign In Now
© 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.
