Chubb to Offer Employer Stop Loss Insurance through C.V. Starr Unit
WARREN, NJ, March 14, 2007 - Starr Global Accident & Health Insurance Agency, LLC, through a network of program managers, will underwrite employer stop
loss insurance on behalf of the Chubb Group of Insurance Companies.
"This agreement provides Chubb with new growth opportunities in the employer stop loss insurance marketplace," said Thomas
F. Motamed, vice chairman and chief operating officer of The Chubb Corporation. "We look forward to working with Starr Global
Accident & Health's team of highly experienced insurance specialists to deliver Chubb-quality products and services to an
array of U.S. employers."
"Our ability to capitalize on C.V. Starr's excellent relationship with Chubb will enable us to bring an outstanding offering
of security, strength and professionalism to the employer stop loss marketplace in a 'can-do' environment of creativity,"
said Peter McGuire, president and chief executive officer of Starr Global Accident & Health.
Chubb will continue to write employer stop loss insurance through its independent agents and brokers. The coverage helps protect
self-insured employers from absorbing all the costs associated with catastrophic medical claims and high utilization rates.
The members of the Chubb Group of Insurance Companies form a multi-billion dollar organization that provides property and
casualty insurance to personal and commercial customers worldwide through 8,000 independent agents and brokers. Chubb's global
network includes branches and affiliates throughout North America, Europe, Latin America, Asia and Australia.
Starr Global Accident & Health Insurance Agency, LLC is a newly formed majority owned subsidiary of C.V. Starr & Co. Inc.,
dedicated to the delivery of insurance solutions to the global accident and health market. Starr Global Accident & Health
will provide its clients with unrivalled expertise, delivery of innovative specialty products, underwriting, claim handling
and other value-added services.
C.V. Starr & Co. Inc. is an independently-owned holding company with insurance agencies and a portfolio of global investments.
Through its insurance agencies, C.V. Starr historically has produced approximately $2 billion annually of comprehensive insurance
coverage among several specialty lines covering aviation, marine, excess casualty and property, including risks with international
exposures. These agencies provide a broad spectrum of value added specialized services including claims handling and settlement,
risks assessment and loss prevention, and customer focused attention. C.V. Starr also has more than $3 billion in investment
assets that include public and private equity, hedge funds and alternative assets. C.V. Starr's significant presence in global
markets, backed by the company's international expertise, has made it an industry leader for more than 50 years. The company
is headquartered in New York.
For more information, please contact:
Chubb
Mark Schussel, Media Relations
mschussel@chubb.com
908-903-2107
Starr Global Accident & Health
Peter McGuire, President & CEO
PETER.MCGUIRE@CVSTARRCO.COM
James Denison, Chief Underwriting Officer
JAMES.DENISON@CVSTARRCO.COM
Mark Musser, Chief Financial Officer
MARK.MUSSER@CVSTARRCO.COM
Alex Giordano, Chief Marketing Officer
ALEX.GIORDANO@CVSTARRCO.COM
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