Latest Starr Companies Headlines
All the headlines from our Starr Companies Topic Page, ordered by recency.
Starr Marine – Starr Indemnity & Liability Announce Servicing Agreement
May 4 2009 // 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...
AIG Loses Reinsurance Executive to Greenberg’s Starr Company
Mar 10 2009 // AIG senior reinsurance executive Charles Dangelo has left the insurer to join a company run by its former CEO Maurice “Hank” Greenberg. Dangelo joins the growing number of executives who have left American...
Judge Says AIG Claim Against Ex-CEO Greenberg’s Firm Can Proceed
Mar 5 2009 // A federal judge has rejected a bid to dismiss one of three remaining claims brought by AIG in a court battle against Starr International Co., a company controlled by former AIG Chief Executive Maurice “Hank”...
Former AIG CEO Greenberg, Ironshore in Joint Excess Casualty Venture
Jan 26 2009 // Maurice “Hank” Greenberg, the man who ran American International Group for nearly 40 years and who now runs C.V. Starr & Co., is being reunited with some executives who used to work under him when he ran...
Ratings Roundup: Starr Insurance, Temple
Dec 29 2008 // A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to Bermuda-based Starr Insurance & Reinsurance Limited (SIRL), an indirect wholly...
Ex-CEO Greenberg Sees Value in AIG Asian Operations
Nov 13 2008 // Maurice “Hank” Greenberg, former CEO of American International Group Inc., said he would consider buying AIG’s Asian life insurance operations if the firm were to put this flagship business on the...
$115M Settlement in Louisiana Teachers’ Fund Dispute With Former AIG Execs
Nov 2 2008 // The Delaware Chancery Court has given preliminary approval to a $115 million settlement in a shareholder derivative action brought by the Teachers’ Retirement System of Louisiana against four former AIG executives...
Delaware Court Approves $115M Settlement with Former AIG Execs
Oct 22 2008 // The Delaware Chancery Court has given preliminary approval to a $115 million settlement in a shareholder derivative action brought by the Teachers’ Retirement System of Louisiana against four former AIG executives...
Greenberg’s C.V. Starr May Try to Take Over Struggling AIG
Sep 16 2008 // A company led by Hank Greenberg, a former chief executive of American International Group, may try to take over the insurer in a proxy fight or tender offer, according to a regulatory filing. Greenberg’s company,...
Flooding Recedes in South Texas After Foot of Rain
Aug 20 2008 // The main highway in Texas’ Rio Grande Valley was open to traffic again Aug. 19 as flooding receded following a deluge of up to 13 inches of rain across southern Texas. The torrential rain flooded an estimated 750...
Starr Foundation Grants Massachusetts Art Institute $5 Million
Jul 8 2008 // The Clark Art Institute in Williamstown, Mass. has landed a $5 million grant from the Starr Foundation. The money will be used to fund the directorship of Clark’s research and academic program. Director Michael Ann...
Ratings Recap: Safe, Philadelphia, Premier, Starr Indemnity, Hanover, LUBA, Premier, American Underwriters
Jun 2 2008 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb” of Safe Insurance...
Starr Foundation Pledges $1 Million for China Earthquake Relief
May 30 2008 // The Starr Foundation of New York and Starr International Foundation of Switzerland have announced a joint grant to the China Charity Federation totaling $1 million for earthquake relief in China. The donation was...
Greenberg’s Starr Foundation Sues AIG Over Credit Losses
May 19 2008 // The Starr Foundation, controlled by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg, has sued the insurer, claiming it misrepresented its exposure to credit default swaps. The...
Greenberg’s Starr Foundation Sues AIG, Alleging Fraud over Credit Losses
May 9 2008 // The Starr Foundation, controlled by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg, has sued the insurer, claiming it misrepresented its exposure to credit default swaps. The...
AIG Sues Former CEO Greenberg and 6 Ex-Directors
Mar 27 2008 // American International Group Inc., the world’s largest insurer, has filed a complaint in New York Supreme Court against former Chief Executive Maurice “Hank” Greenberg and six other former directors and...
C.V. Starr to Offer Management Liability Lines from Allied World
Feb 27 2008 // California-based C.V. Starr & Co., a subsidiary of C.V. Starr & Co., Inc., and Allied World Assurance Co. (U.S.) Inc. and Allied World National Assurance Co. have entered into a program agreement whereby C.V....
C.V. Starr Adds Allied World’s Management Liability to Offerings
Feb 13 2008 // C.V. Starr & Co. reports it will begin offering management liability lines of insurance coverage on behalf of Allied World National Assurance Co. The target market will be commercial middle market risks including...
Starr International Buys Texas-based P/C Insurer from Berkshire Hathaway
Oct 3 2007 // 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...
C.V. Starr Among Investors in Goldman Sachs Hedge Fund
Aug 13 2007 // Goldman Sachs Group has enlisted the help of a group of investors that includes insurance executive Maurice “Hank” Greenberg to put $3 billion into one of its hedge funds that has been losing value. Goldman...
