C.V. Starr & Co., Inc. Forms Iron-Starr Excess a Joint Venture with Ironshore Inc.

NEW YORK -- C.V. Starr & Company, Inc. ("C.V. Starr") has launched Iron-Starr Excess Agency Limited ("Iron-Starr Excess"), a joint venture with Ironshore Inc. Iron-Starr Excess will act as a specialty lines insurance and reinsurance managing general agency, domiciled in Bermuda. Initially, Iron-Starr Excess will focus on the production of excess financial and commercial lines insurance and reinsurance products through U.S. insurers, Bermuda or other offshore carriers, including catastrophic excess casualty insurance for Fortune 2000 and other clients. It will issue policy limits up to $75 million.

Maurice R. "Hank" Greenberg, Chairman and CEO of C.V. Starr, said, "There are significant opportunities in this market, and C.V. Starr together with Ironshore has the team to get the job done. We are delighted to be partnering with them in this venture."

C.V. Starr is an independently-owned holding company with insurance agencies and a portfolio of global investments. Through its wholly owned insurance agencies, C.V. Starr writes specialty lines covering aviation, marine, energy, excess casualty and property, accident & health, including risks with international exposures. These 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 international expertise, has made it an industry leader for more than 50 years. C.V. Starr is headquartered in New York City. For more information, please visit www.cvstarr.com.