Starr Marine Agency, an indirectly wholly owned subsidiary of C. V. Starr & Co., Inc., and Starr Indemnity & Liability Company, an indirectly wholly owned subsidiary of Starr International Company, Inc., a private investment holding company, have announced an agreement, “which will further expand the agency’s servicing capabilities.”
Starr Marine said that the relationship with Starr Indemnity & Liability Company will allow the agency to offer $100 million of commercial underwriting capacity to its clients effective July 1, 2009.
“Our new agreement with Starr Indemnity & Liability Company is an exciting new step in the company’s evolution and ensures that Starr Marine will continue to offer the full breadth of tailored marine products and services that have made the company an industry leader for more than 60 years,” stated David French, President of Starr Marine. “It also reflects our strong commitment to the global marine market and our focus on providing superior coverage and tailored solutions that meet our clients’ needs.”
Charles Dangelo, President & CEO of Starr Indemnity, added: “Starr Indemnity & Liability Company is proud to announce this important expansion of our product capabilities through a partnership with Starr Marine. The capacity of Starr Indemnity combined with the leading global expertise of Starr Marine enables us to provide the financial security and insurance products today’s marine clients are demanding to address their changing and emerging business needs.”
Source: C. V. Starr & Co. – www.cvstarr.com
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