April 27, 2023 4:34 p.m. | 1 minute read
Starr Insurance Companies today announced that effective April 23, the company underwrites its property – technical risks directly through its own insurance companies, concluding a successful 17-year relationship with Chubb.
This transition of Starr’s complex risk and energy asset management businesses to Starr’s own insurance companies should be seamless to our customers. Customers will continue to work directly with Starr’s team of industry experts, who use the same technical risk management approach and provide the same levels of capability and customer service. The only change customers will see is that Starr’s insurance companies will be the designated policy-issuing entities.
“We’ve been underwriting complex risks and the energy asset industry for more than 55 years,” said Richard Shaak, president, International Insurance and Starr Tech. “We thank Chubb for their support throughout this relationship.”
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About Starr Insurance Companies
Starr Insurance Companies (or Starr) is a trade name for the travel insurance and assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of CV Starr & Co., Inc. and its subsidiaries. Starr is a leading insurance and investment organization with a presence on six continents; Through its operating insurance companies, Starr offers property and casualty, accident and health insurance products as well as a range of specialty coverages, including aviation, marine, energy and excess insurance. . Starr’s insurance company subsidiaries domiciled in the United States, Bermuda, China, Hong Kong, Malta, Singapore, Switzerland and the United Kingdom each have an AM Best rating of “A” ( Excellent). The Starr’s Lloyd’s syndicate has a Standard & Poor’s rating of “A+” (Strong).
Visit us at www.starrcompanies.com or follow us on LinkedIn and Twitter.
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