(Bloomberg) – Evan Greenberg, chairman and chief executive officer of insurer Chubb Ltd., said he worries about the effect of U.S. nationalism on trade and that the country is missing a chance to lead.
“I am concerned about my country's America First brand of nationalism and its impact on our image and leadership in both trade and geopolitics in the short and potentially longer term,” Greenberg wrote in a letter to shareholders Thursday. “By diminishing the country's reputation for reliability, the overly nationalistic approach damages our credibility.”
Chubb, based in Zurich, has operations in 54 countries and territories.
“When it comes to trade, we are becoming a source of potential instability at a time when we are needed to galvanize like–minded countries in a unified direction,” Greenberg wrote.
Related:
Copyright 2018 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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.
