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 Texas Carriers Property Casualty
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