NEW YORK--(BUSINESS WIRE)--Maurice R. Greenberg, Chairman & Chief Executive Officer of Starr Insurance Holdings, Inc. comments below on Congress’ inability to extend the Terrorism Risk Insurance Act (TRIA) before its deadline on December 31, 2014.
“While we have every hope that Congress will pass an extension of TRIA when it convenes in January, Starr is ready to respond to the needs of our clients. We have capacity for stand-alone coverage for a broad array of Property, Casualty and Aviation exposures. We would also like to take this opportunity to emphasize that many of our policies already provide for terrorism exposure. We encourage you to contact us immediately to create solutions for your needs.”
For more information, contact your producer, local Starr Companies office or visit www.starrcompanies.com
Starr Companies (or Starr) is the worldwide 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 a leading insurance and investment organization with a presence on five continents; through its operating insurance companies, Starr provides property, casualty, and accident & health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance. Starr’s insurance company subsidiaries domiciled in the U.S., Bermuda, Hong Kong and Singapore each have an A.M. Best rating of “A” (Excellent). Starr’s Lloyd’s syndicate has a Standard & Poor’s rating of “A+” (Strong). Starr’s insurance company subsidiary domiciled in China has an A.M. Best rating of “A-” (Excellent).