NEW YORK--(BUSINESS WIRE)--Evan G. Greenberg, Chairman and Chief Executive Officer of ACE Group, today provided the following statement regarding the U.S. Senate’s vote to reauthorize Trade Promotion Authority (TPA):
"The Senate’s passage of legislation to reauthorize Trade Promotion Authority is a critical milestone in advancing America’s trade agenda. We are encouraged by the bipartisan support to give the President this essential negotiating authority, and appreciate the leadership and commitment of Majority Leader Mitch McConnell (R-Ky.), Finance Committee Chairman Orrin Hatch (R-Utah), Finance Committee Ranking Member Ron Wyden (D-Ore.) and other senators who have moved this legislation forward. The enhanced trade and investment that will result from key trade agreements -- including the Trans-Pacific Partnership (TPP), the Trans-Atlantic Trade and Investment Partnership (TTIP) and the Trade in Services Agreement (TISA) -- will help create U.S. jobs, drive more robust economic growth and create a more level playing field for U.S. companies to compete globally. ACE will continue to work with the Obama Administration and the House to demonstrate the benefits of TPA reauthorization.”
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.