Starr launches new wholesale agency division under ex-Hiscox/AIG veteran
Starr Insurance has established a new specialty lines division focussed on the wholesale brokerage market. The business will be led by former Hiscox and AIG executive Bob Gadaleta.
Twin Maples Specialty, a division of Starr Specialty Lines Insurance Agency, is expected to enter the market in the next few months with professional liability and financial lines products, backed by A-rated carriers in both the excess and surplus lines and admitted markets.
It will be based in Alpharetta, Georgia.
Twin Maples will be led by industry veteran Gadaleta as executive vice president, wholesale commercial insurance. Gadaleta joined Starr to assume this newly created position, bringing over 29 years of insurance industry experience in underwriting and field sales leadership, including stints at Hiscox and AIG.
Twin Maples will focus on business placed through wholesale brokers, who continue to gain market share in the US insurance landscape. The new Starr division will deliver products and client-focused solutions for the middle market and small business segments through a dedicated wholesale channel underwriting team.
Steve Blakey, Starr Insurance president, said: “We recognise the unique needs of the wholesale and retail brokerages, and Starr is committed to delivering solutions for all of our trading partners. Twin Maples Specialty will cater specifically to the casualty needs of wholesalers and their clients.”
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