"My god, why are we doing guidance," said ACE, Ltd. CEO Evan Greenberg on the firm's earnings...

|About: ACE Limited (ACE)|By:, SA News Editor

"My god, why are we doing guidance," said ACE, Ltd. CEO Evan Greenberg on the firm's earnings call, joining the list of insurance executives losing patience with the tradition. "I kind of wonder if guidance has outlived its usefulness for you guys," said one analyst. "Everyone here is cheering, because we've said it to ourselves," responded Greenberg.