NU Online News Service, may 25, 1:15 p.m. EDT

The Insurance Industry Charitable Foundation (IICF), announced that Maurice R. “Hank” Greenberg, chairman and chief executive officer of C. V. Starr & Company, will receive this year’s Double I Award, for influence in the industry and impact in the community, at the foundation’s annual dinner.

The event is to take place Dec. 8 at the Waldorf-Astoria Hotel in New York City, 5:30 p.m.-8:30 p.m. EST.

“Hank Greenberg has unprecedented influence in the industry, and his contributions through personal philanthropy and as chair of The Starr Foundation have had a major impact on the New York tri-state area,” said Michael P. Fujii, IICF Board Chair.

Mr. Fujii, president and CEO of Worldwide Insurance Operations for Endurance Specialty Holdings, Ltd. noted, “Mr. Greenberg personifies influence and impact, and we are pleased to have the opportunity to honour him at our benefit dinner.”

Mr. Greenberg joined C. V. Starr & Company as vice president in 1960 and was given the additional responsibilities of president of American Home Assurance Company in 1962. He was elected director of C. V. Starr & Company in 1965, and chairman and CEO in 1968.

Mr. Greenberg retired as chairman and CEO of American International Group, Inc. (AIG) in March 2005, after serving as CEO from 1967 until March 2005. Under his leadership, AIG became the largest insurance company in the world. Mr. Starr founded AIG in 1967.

The proceeds from the event will provide significant grants to charities in the New York tri-state area.

According to the website, www.iicf.org, the Foundation “exists to provide and generate support for designated charitable organizations that help to meet critical community needs. As the Foundation grows and expands, it maintains a guiding principle of reinvesting funds in the communities from which they are raised. Regional boards of directors and grant committees define their own focus areas, as well as nominate and select grant recipients through a localized approach, with support and guidance from a national board of directors to ensure the highest integrity of the Foundation.”

For Gala information, including ticket sales, please contact the Insurance Industry Charitable Foundation Benefit Office at 212-763-8597 or iicf@cmevents.net