NU Online News Service, April 7, 2:40 p.m.EDT

Starr Aviation Agency Inc., a subsidiary of C.V. Starr & Co.Inc., has acquired International Aerospace Insurance Services Inc.,a managing general agent in Santa Barbara, Calif.

Financial terms of the deal were not released.

Inter-Aero provides risk solutions for aerospace risks focusingon space, general aviation, commercial aviation and workers'compensation. The MGA has been a privately held company since 2005and underwrites on behalf of several "A"-rated carriers.

Starr Aviation underwrites a comprehensive series of alliedinsurance products that are written on behalf of its insurancepartners and its Financial Services Authority approved LloydsSyndicates.

Starr Aviation's product offerings include: airline, aerospacemanufactured products, aviation general liability, general aviationhull and liability, and aviation workers' comp.

"The acquisition of Inter-Aero expands not only our distributionnetwork but also our suite of products," Bill Eason, president ofStarr Aviation, said in a statement. "Inter-Aero's team ofprofessionals has a strong presence in the space market and greatlyenables our entry into that business. The general aviation teamwill provide quality services to expand our West Coastnetwork."