Chubb Ltd. Chief Executive Officer Evan Greenberg criticized one of President Donald Trump’s favorite phrases and said the U.S. must avoid the risk of becoming so inward-looking that the nation cedes its historic role in shaping a liberal order that has benefited the country for decades.
“Without U.S. leadership, the system lacks confi•dence and our allies and others seek alternatives,” Greenberg wrote in his annual letter, which was published on the company’s website. “If we don’t defend this world order, and if we allow our current populism to turn into protectionism and simply follow a narrow view of an America First policy, other countries will naturally follow suit with their own brand of nationalism.”
Trump has promoted an “America First” agenda, saying the country has been taken advantage of in free-trade agreements with nations such as Mexico and is spending too much to defend allies. Without mentioning the president by