Starr International Co. Inc. announced its U.S. subsidiary, Starr International USA Inc. (SICO USA), acquired Republic Insurance Co. from Columbia Insurance Co., a member of Warren Buffett’s Berkshire Hathaway Group.
Republic Insurance Co., a property/casualty insurer, is located in Dallas.
Republic Insurance Co. is not affiliated with The Republic Group of Companies, a regional property/casualty insurance organization that is also based in Dallas.
The name of the Texas property casualty insurer will be changed to Starr Indemnity & Liability Co.. Starr Indemnity & Liability Co. will offer customized property and casualty insurance products and accompanying loss control, claims management, administrative and reinsurance services.
Starr International Co. Inc (SICO) is a private investment holding company incorporated in Panama in 1943, and holds approximately $20 billion in assets world wide. It is run by Maurice “Hank” Greenberg, former chief executive officer of American International Group who now also heads C.V. Starr & Co.
Source: Starr International
Topics Mergers & Acquisitions Carriers Texas Property Casualty
Was this article valuable?
Here are more articles you may enjoy.
South Florida Police Officers Sue Actors, Say Details in ‘The Rip’ Are Too Real 
Maryland Announces $2.5 Billion Settlement Over Baltimore Bridge Collapse 
Uber and FedEx Get Green Light for Racketeering Suit Against Lawyers, Doctors 
Ex-NFL Player Sentenced to 16 Years in Prison for $200M Medicare Fraud Scheme 
