Starr Underwriting Agents Limited and Starr Specialty Lines Insurance Agency, LLC announce additional capacity for Construction Risks. The inclusion of Beazley enables the Starr Construction Consortium (Lloyd’s 9497) to now offer $100M PML Limit

LONDON - (BUSINESS WIRE) - Starr Underwriting Agents Limited and Starr Specialty Lines Insurance Agency, LLC, both subsidiaries of C. V. Starr & Co., Inc. (“C. V. Starr”), now offer additional capacity of up to $100M PML limit through Starr Construction Consortium (Lloyd’s 9497). The consortium includes Talbot Underwriting Ltd. and QBE with Beazley (Lloyd’s 2623/623) as the latest member to join. The Consortium capacity is in addition to coverage currently provided by Starr Syndicate Limited (CVS 1919).

Paul J. Smith, Global Construction Manager of Starr Underwriting Agents Limited said, “The addition of Beazley adds to the wealth of technical underwriting expertise within the Starr Construction Consortium. This will enhance the Consortium’s goal to provide lead capacity for EAR and CAR business to brokers and clients throughout the world.”

Hugh Phillips of Beazley added, “We are pleased to participate in the consortium, which is complementary both to our existing Lloyd’s business and to the business we are writing locally from our offices in the United States and Singapore. The consortium should enhance the already strong position that Lloyd’s enjoys in the EAR and CAR markets.”

“As a leader, we choose partners that will complement and bring added value to our current offering. The addition of Beazley to the Starr Construction Consortium enhances the product with the ability to provide more meaningful capacity,” said Richard N. Shaak, President and CEO of Starr Specialty Lines Insurance Agency, LLC.

Starr Underwriting Agents Limited and Starr Specialty Lines Insurance Agency, LLC are subsidiaries of C. V. Starr & Co., Inc. (C. V. Starr). C. V. Starr, headquartered in New York City, is an independently owned holding company with insurance agencies and a portfolio of global investments. C. V. Starr’s insurance agencies are managing agents and underwriters of specialty lines covering aviation, marine, energy, excess casualty, property, and accident & health, including risks with international exposures. These Starr agencies provide a broad spectrum of value-added specialized services including claims handling and settlement, risk assessment and loss prevention, and customer-focused attention. C. V. Starr’s significant presence in global markets, backed by the company’s expertise, has made it an industry leader for more than 50 years. For more information, please visit www.cvstarr.com.

C. V. Starr & Co., Inc. Sang Tran, 646-227-6344 sang.tran@cvstarr.com