Deal allows for extra capacity for commercial property risks in North America
Starr Specialty Lines is offering additional capacity on primary, buffer, and excess of loss layers for North American commercial property risks following a deal with Zurich.
This is in addition to the capacity Starr Specialty Lines Insurance Agency provides through Lloyd’s syndicate CVS 1919 for its general commercial property programmes.
“We are pleased and excited about the development of this new relationship between our organisations," said Patrick Daley, executive vice president of alternative programs for Zurich's Programmes and Direct Markets business unit.
"Our commitment to building long-term profitable relationships with programme administrators who have the expertise and experience Starr Specialty Lines Agency provides its customers is the cornerstone of our growth plans within Zurich’s Programmes and Direct Markets' unit."
Richard Shaak, president of Starr Specialty Lines Insurance Agency, LLC said, “The current environment requires expertise, experience, and security. Extending our many valued alliances to include Zurich further exemplifies the innovative approach and dedicated service of the CV Starr team, and our ability to attract the highest quality partners.”
Starr Specialty Lines Insurance Agency is a subsidiary of CV Starr & Co., Inc. CV Starr, headquartered in New York City, is an independently-owned holding company with insurance agencies and a portfolio of global investments. Through its wholly owned insurance agencies, CV Starr is a managing agent and underwriter of specialty lines covering aviation, marine, energy, excess casualty, property, and accident & health, including risks with international exposures.