NU Online News Service, Nov. 30, 3:11 p.m. EST
Starr International Insurance Asia Ltd. said it has received authorization from the Office of the Insurance Commissioner (Insurance Authority) in Hong Kong to provide several classes of general insurance products in or from the Hong Kong region.
Starr International Insurance Asia is a wholly owned subsidiary of Starr Insurance & Reinsurance Ltd.
Ross Matthews, president of Starr International Insurance Asia, said in a statement, "We are pleased with the outcome of the Insurance Authority's internal review and are well prepared to expand the organization's presence throughout the territory. Our experienced leadership, familiarity with the Asian insurance markets, and strength of our corporate organization will all facilitate sustainable future growth and profitability."
Starr International Insurance is a Bermuda-based insurance company with a portfolio of insurance and reinsurance products and clients throughout Europe and Asia. It is headed by Maurice R. "Hank" Greenberg, former chief executive of American International Group.
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