Starr Companies News

Unfamiliar Fed Saw ‘Exceptional’ Risks in AIG Situation, Says Geithner

American International Group Inc.’s unique set of risks was seen by one of the primary orchestrators of its rescue as requiring tough conditions that included the government’s taking most of the insurer’s stock. The fight over whether those terms were …

Nehra Joins Starr Companies to Lead Political Risk Group

Rashmi Nehra has joined Starr Companies in New York as a practice leader managing its Political Risk group. She will report to Alex Pittignano, senior vice president of Political Risk. She joins as Starr continues to expand its insurance offerings …

Starr Companies Completes Majority Ownership of Chinese Insurer

Starr Companies has announced the completion of its majority ownership of Shanghai based Dazhong Insurance Company Limited of China. The company will be renamed as Starr Property & Casualty Insurance (China) Company, Limited (Starr China). “We are pleased to announce …

Starr Receives Listing as Approved Surety from U.S. Treasury

Starr Companies has received approval from the United States Department of Treasury to list Starr Indemnity & Liability Co. as an approved surety. The Treasury listing enhances Starr Financial Lines’ Crime & Fidelity product offerings. With the Treasury listing, Starr …

Greenberg’s Starr Leads Group Buying Health Claims Firm MultiPlan

A group led by former AIG boss Maurice “Hank” Greenberg’s Starr Investment Holdings said it would buy health insurance claims processor MultiPlan Inc. Terms of the deal were not disclosed. A person familiar with the matter said the deal values …

Pak to Head Starr Companies Newly Approved Canada Branch

Starr Companies announced that it has received a Federal Order from the Office of the Superintendent of Financial Institutions in Canada (OSFI) approving Starr Insurance & Reinsurance Limited, and that it has “established a branch office in Toronto and will …

Starr Companies Appoint Hayman President of International Insurance Operations

Starr Companies announced the appointment of Jeffrey Hayman to the position of President of International Insurance Operations. He will be responsible for the overall growth, profitability, distribution, and product offerings outside of the United States, and will report directly to …

Starr Companies Appoints North American Accident & Health Leader

Starr Companies announces the appointment of Meredith Ryan-Reid as North American leader for the accident and health division. She is based in New York. Ryan-Reid will be responsible for the overall growth, profitability, distribution and product offerings for the division. …

Judge Says Greenberg May Pursue $25B Suit Over AIG Bailout

A company run by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg may pursue a $25 billion lawsuit against the U.S. government, in which it called the 2008 federal bailout of the insurer unconstitutional. Judge Thomas Wheeler of …

Starr Companies Appoint Childs CFO for International Operations

Starr Companies announced the appointment of Nigel Childs as Chief Financial Officer for the company’s foreign operations. He will be responsible for the financial planning and reporting for Starr’s growing international insurance operations. Childs will report directly to Ed Navarro, …