ACE’s Evan Greenberg Comments On Legislation To Reauthorize Trade Promotion Authority

Evan G. Greenberg, Chairman and Chief Executive Officer of ACE Limited, today provided the following statement regarding the introduction of legislation to reauthorize Trade Promotion Authority (TPA):

"We are encouraged by today's introduction of bipartisan legislation to reauthorize Trade Promotion Authority. This is a critical piece of legislation that will allow for the successful negotiation and Congressional consideration of key ongoing trade agreements such as the Trans-Pacific Partnership (TPP), the Trans-Atlantic Trade and Investment Partnership (TTIP) and the Trade in Services Agreement (TISA). The enhanced trade and investment that will result from these agreements will help create U.S. jobs and significantly contribute to a more robust economy. ACE will continue to work with the Obama Administration and Congress to demonstrate the benefits of TPA reauthorization and seek legislative approval.”

ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. Additional information can be found at: www.acegroup.com.

Copyright Business Wire 2010

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