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Starr International Insurance (Asia) Limited Announces Authorization By Hong Kong Insurance Authority

2009-11-30 13:12 931


HONG KONG, Nov. 30 /PRNewswire-Asia/ -- Starr International Insurance (Asia) Limited (Starr International Insurance Asia) announced that it recently received authorization by 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 Limited (Starr International Insurance).

Ross Matthews, President of Starr International Insurance Asia, said, "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 Asia will offer a variety of General Insurance products to its policyholders, serving them with accompanying risk control, loss control and claims management services. The Company focuses on several specialty lines of insurance coverage, where it clearly differentiates itself by utilizing deep product knowledge, service capabilities and experience in the industry. All of these factors will collectively facilitate the aggressive growth strategy of the international operations of Starr International Insurance in Hong Kong and beyond.

About Starr Insurance & Reinsurance Limited (Starr International Insurance) -- Starr International Insurance is a Bermuda-based insurance company with a portfolio of insurance and reinsurance products and clients throughout Europe and Asia. Starr International Insurance, an "A Excellent" rated company by A.M. Best, targets industrial, commercial, retail and government entity risks throughout the European and Asian continents. For more information, please visit http://www.Starr-International.com .

Source: Starr International Insurance
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