Expanding its servicing capabilities for new and existing clients, Starr Technical Risks Agency, Inc. announced at press time that it will begin immediately offering commercial insurance coverages by ACE USA and Berkshire Hathaway Group.
Starr Technical, which specializes in complex industrial risks, also announced that it plans to expand internationally in the second quarter of 2006.
Richard Shaak, president and chief executive officer of Starr Technical, said the agreements with ACE and Berkshire Hathaway give Starr Tech $200 million of in-house underwriting capacity that it can access today to write business. Starr Tech said these deals will enable it to provide comprehensive first-party property and machinery breakdown coverage to new and existing clients in the industries it serves. Working with ACE USA and Berkshire Hathaway Group will also allow Starr Tech to broaden its offerings across North America, Europe and Asia.
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