ACE Group CEO Makes Statement on Senate Failure to Extend TRIA
18 December 2014 - 9:58AM
Business Wire
ACE Group Chairman and Chief Executive Officer Evan G. Greenberg
today issued the following statement in response to the Senate’s
failure to pass legislation reauthorizing the Terrorism Risk
Insurance Act (TRIA):
“Congressional failure to approve the renewal of TRIA
legislation is deeply disappointing. It was simply irresponsible
for our elected officials to adjourn without reauthorizing TRIA. By
letting TRIA lapse, they have exposed our economy and our society
to the threat of severe economic uncertainty in the event of a
significant act of terrorism. I sincerely hope this is the first
order of business for the new Congress.”
About ACE Group
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.
ACE GroupJeffrey Zack, 212-827-4444jeffrey.zack@acegroup.com
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