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Starr Companies

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Starr Companies
IndustryProperty & Casualty Insurance and Investment Management
Founded1919
FounderCornelius Vander Starr
HeadquartersNew York City, NY
SubsidiariesSTARR International Company, Inc.
C.V. Starr & Co., Inc.
Starr Private Equity Partners, LLC
Websitestarrcompanies.com

Starr Insurance Companies (or Starr) is a marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C. V. Starr & Co., Inc. and its subsidiaries. Starr is an insurance and investment organization with a presence on six continents; through its operating insurance companies, Starr provides property, casualty, and accident and health insurance products, as well as a range of specialty coverages, including aviation, marine, energy and excess casualty insurance.[1] Starr’s insurance company subsidiaries — domiciled in the U.S., Bermuda, China, Hong Kong, Singapore, U.K. and Malta — each have an A.M. Best rating of “A” (Excellent).[2] Starr’s Lloyd’s syndicate has a S&P Global Ratings grade of “A+” (Strong).

Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, Starr is capable of writing in 128 countries on six continents.

Maurice R. Greenberg is the current chairman and chief executive officer of Starr. In 2005, Mr. Greenberg retired as chairman and CEO of American International Group (AIG), a former Starr subsidiary, which became the first fully licensed foreign insurance company in China.[3]

Starr owns Morefar Back O’Beyond, a private golf course located on 500 acres (2.0 km2) in both Danbury, Connecticut and Southeast, New York.

In 2023, Starr became the Signature Partner of the New York Yankees, an agreement allowing them exclusive rights to advertise on the player's jerseys.[4] The agreement was implemented on July 21st, 2023 with the contract being active until 2031 and this made the Yankees the 13th team to add advertisements to their jerseys.

References

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  1. ^ "Home". starrcompanies.com. Retrieved 2021-01-11.
  2. ^ "A.M. Best Affirms Credit Ratings of Starr International Company, Inc.'s Insurance Subsidiaries". news.ambest.com. Retrieved 2021-01-11.
  3. ^ "China Accepts U.S. Insurer (Published 1992)". The New York Times. 1992-10-06. ISSN 0362-4331. Retrieved 2021-01-11.
  4. ^ Kuty, Brendan; Kirschner, Chris (12 July 2023). "Yankees adding sponsored jersey patch to uniform". The Athletic. The New York Times. Retrieved 12 July 2023.
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