Starr Companies and Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited, announced on April 17 that they have signed a memorandum of understanding to enter into a joint underwriting initiative to write international property insurance with a strong focus on European-headquartered industrial companies.
To be known as Aspen Starr Property, the initiative will write business under the licenses of Aspen Insurance and will be led by Béat Bertschi, who will report to Heinz Eggenberger, general manager for Aspen Insurance in Switzerland. Bertschi has more than 29 years of international corporate property insurance and reinsurance experience gained through senior roles he has held with Zurich Insurance, Swiss Re and Infrassure.
Maurice R. Greenberg, CEO of the Starr Companies, added, “Starr and Aspen together have substantial experience working with European insurance buyers and the market environment. This joint initiative will serve the partners well.”
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
