STARR DIRECTLY UNDERWRITES TECHNICAL RISKS PROPERTY INSURANCE VIA OWN INSURANCE COMPANIES

KUALA LUMPUR, April 28 (Bernama) -- Starr Insurance Companies (Starr) has announced that, as of April 23, the company now directly underwrites its property - technical risks through its own insurance companies, concluding a successful 17-year relationship with Chubb.

“We’ve been underwriting the complex risks and energy property business for more than 55 years. We thank Chubb for its support throughout this relationship,” said President, International Insurance and Starr Tech, Richard Shaak.

According to a statement, this transition of Starr’s complex risks and energy property business to its own insurance companies should be seamless for the company’s clients.

Clients will continue to work directly with Starr’s team of industry experts, who use the same approach to technical risk management and offer the same capacity levels and client servicing.

A leading insurance and investment organisation with presence in six continents, Starr provides property, casualty and accident and health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance.

-- BERNAMA