Starr Companies appointed X. Rick Niu as senior managing director of Starr Strategic Partners, a newly formed division dedicated to serving the insurance and investment needs of Asian and other emerging market companies and individuals doing business in the U.S.
The insurer said the appointment is part of a broader strategy to meet the increasing demand for foreign direct investments in the U.S. and the fast-growing financial services needs of emerging market investors as they expand globally.
With an initial focus on global Chinese investors, Niu will lead a team tasked with delivering products, services and solutions across Starr Companies insurance and investment divisions and through strategic alliances.
Niu is an experienced financial services executive possessing a strong track record with leading insurance and investment corporations in developing and developed economies. Most recently, he served as chief marketing officer, U.S. Retirement, and executive vice president and chief growth officer, U.S. Insurance, at ING Group NV.
Starr Companies is comprised of C. V. Starr & Co. and Starr International USA. It is a global, privately held, insurance and financial services organization. Starr’s insurance companies, Starr Indemnity & Liability Company and Starr Surplus Lines Insurance Company, provide property/casualty and accident and health insurance products, with significant access to the excess and surplus marketplace for certain lines of business.
The company also writes specialty lines covering aviation, marine, energy and excess casualty insurance, including risks with international exposures. The company provides a broad spectrum of services, including claims handling and settlement, reinsurance, risks assessment and loss control.
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