C. V. Starr & Co. (California) Hires Jeffrey M. Hafter as Executive Vice President.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- C. V. Starr & Co. (California) today announced that Jeffrey M. Hafter will join the agency as Executive Vice President in charge of developing the East Coast operations under the agency's Pacific Starr of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Inc. entity. In addition to focusing on the East Coast expansion of C. V. Starr, Mr. Hafter will assist the parent Company, C.V. Starr & Co., Inc., in the acquisition and development of new agencies. Previously, Mr. Hafter, 40, led the National Accounts Division of the AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group Specialty Excess Unit. Prior to that, he served in various senior roles in management with both C. V. Starr & Co. (California) and AIG. William J. Weichold, President of C. V. Starr & Co. (California), said, "We are delighted to have Jeff back on board at C. V. Starr. He has demonstrated impressive underwriting and negotiating skills, and is highly respected as a leader. He will have broad responsibilities in expanding the sales and marketing of our specialized products and services across the entire United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "This is a truly momentous time for our agency. We have set out to achieve ambitious goals and believe that our growing capabilities, coupled with the talent of our people, will enable us to achieve these goals in a relatively short amount of time." About C. V. Starr & Co. (California) C. V. Starr & Co. (California), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of C. V. Starr & Co., Inc., is the nation's leading managing insurance agent for public entity risks and a preeminent writer of specialty excess casualty insurance for the residential and commercial contracting industries. The agency provides its clients with a full range of expertise in excess commercial casualty insurance and special excess liability over self-insured retention insurance programs. An insurance underwriting manager since 1953, the agency is based in California and has offices in San Francisco, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Seattle, Chicago, and Philadelphia. About C. V. Starr & Co., Inc. C. V. Starr & Co., Inc. is an independently-owned holding company with insurance agencies and a portfolio of global investments. Through its wholly owned 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 hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" and alternative assets Alternative Assets A term referring to non-traditional assets with potential economic value. Notes: Examples of alternative assets include art and antiques, precious metals, fine wines, rare stamps and coins, and other collectibles such as sports cards. . 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 City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . For more information, visit the company's website at www.cvstarrco.com. |
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