Filed Under:Claims, Catastrophe & Restoration

Starr Opening Japan Operations

NU Online News Service, April 4, 10:16 a.m. EDT

Starr Indemnity & Liability Co. says that the Japanese Financial Services Agency granted it a foreign, non-life insurance business license in Japan. The license allows Starr to offer approved accident and health insurance and casualty solutions in the country.

“We are delighted that Starr has been granted a license to operate in Japan,” says Ed Navarro, head of international insurance operations. “We see great potential in the country’s dynamic insurance market and believe that we are uniquely suited to deliver innovative risk management solutions to its business community.”

Starr says that in the coming weeks the organization will formally launch a new Tokyo branch office.

Susumu Kohda, who led the initial licensing and operations effort, will stay with the organization and continue to play an instrumental role as Starr expands its underwriting team and product portfolio in Japan.

Maurice R. Greenberg, chairman of Starr says in a statement, “Many of Starr’s executives have done business in Japan for a number of years and enjoy long-standing relationships. We expect a very rapid expansion there.”

Starr Companies 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.

Featured Video

Most Recent Videos

Video Library ››

Top Story

The state of New Orleans: 10 years after Hurricane Katrina

Watch as NU-PC360 tours the still abandoned homes and lots of the Lower Ninth Ward, the new construction booming in the up-and-coming Lakeview and the new levee floodgates on the Violet Canal.

Top Story

Traffic deaths in these 15 states setting pace for deadliest driving year since 2007

The estimated bill for traffic deaths so far in 2015, including injuries and property damage, is $152 billion—24% higher than 2014.

More Resources

Comments

eNewsletter Sign Up

Claims Connection eNewsletter

Breaking news on disasters, fraud, legal trends, technology, and CE initiatives for the P&C claim professional – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.