Starr Insurance announces transition of property line
Starr Insurance Companies has announced that it now directly underwrites its property - technical risks through its own insurance companies, concluding a 17-year relationship with Chubb.
The company said this transition of Starr’s complex risks and energy property business to Starr’s own insurance companies should be seamless for its clients.
Clients will continue to work directly with Starr’s team of industry experts, who use the same approach to technical risks management and offer the same capacity levels and client servicing.
The only change clients will see is that Starr’s insurance companies will be the named entities issuing the policies, the company said.
“We’ve been underwriting the complex risks and energy property business for more than 55 years,” said Richard Shaak, president, International Insurance and Starr Tech.
“We thank Chubb for its support throughout this relationship.”
Starr’s insurance company subsidiaries include Bermudian-based Starr Insurance and Reinsurance Limited, which is licensed as a Class 4 insurer by the Bermuda Monetary Authority.
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