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Greenberg calls U.S. 'prettiest house in shabby neighborhood'

Ace CEO Evan Greenberg, whose insurer posted a decline in fourth-quarter profit as currency fluctuations pressured results, predicted that recent gains in the dollar will be temporary.

By Jing Cao, Bloomberg | Updated on January 29, 2015

(Bloomberg) — Ace Ltd. Chief Executive Officer Evan Greenberg, whose insurer posted a decline in fourth-quarter profit as currency fluctuations pressured results, predicted that recent gains in the dollar will be temporary.

“The U.S. right now is the preferred destination for many investors seeking safety,” Greenberg said in a conference call Wednesday. “We’re the prettiest house in a pretty shabby neighborhood. Over time, I imagine the dollar’s strength against many currencies will go the other way.”

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