Chubb loses property deal with Starr after 17-year partnership

Starr Insurance Companies has ended its property capacity deal with  Chubb after 17-years of partnership. The company said that as of April 23 it can directly underwrite its property - technical risks through its own insurance companies.

Starr expects the transition of its complex risks and energy property business to its own insurance companies to be seamless for customers.

The company stressed that it employs the same approach to technical risks management and provides the same levels of capacity and client service that its clients are accustomed to.

The only change clients will see is that Starr’s insurance companies will be the named entities issuing the policies, it noted.

“We’ve been underwriting the complex risks and energy property business for more than 55 years,” said Richard Shaak (pictured), president, international insurance and Starr Tech. “We thank Chubb for its support throughout this relationship.”

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