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Ace CEO confident of handling risks in emerging markets

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Evan Greenberg, chief executive of Ace Ltd., has said he is confident of being able to handle risks in emerging markets thanks to the insurer's strategy for integrating companies, Bloomberg reported.

Mr. Greenberg said Ace's moves to expand through takeovers are helped by a "cookbook" that helps with risk-management and compliance decisions. Greenberg also criticized Brazil's leaders for "lousy government policies and an inability to embrace another way of deregulation." Ace is planning to acquire Brazil-based Itau Unibanco Holding S.A.'s high-risk insurance operations for around $685 million.

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