Starr Insurance coverage Receives License to Function Department in Seoul

NEW YORK — Starr Insurance coverage introduced that South Korea’s Monetary Companies Fee has granted Starr Worldwide Insurance coverage (Singapore) Pte. Ltd., Korea department, a license to function in Seoul and start promoting business property/casualty insurance coverage all through Korea.

Paul Choi was named CEO of Starr’s Korea department in Might 2024. He has greater than 30 years of insurance coverage expertise with brokers and carriers and holds an MS in Threat Administration & Insurance coverage from Georgia State College.

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Phil Finley, president of Starr Asia Pacific, stated: “Korea is without doubt one of the largest business insurance coverage markets in Asia, and Starr has an extended historical past of working within the area. We count on Korea to change into a very good supply of worthwhile premium progress for Starr over the approaching years.”

About Starr Insurance coverage

Starr Insurance coverage (or Starr) is a advertising and marketing identify for the working insurance coverage and journey help corporations and subsidiaries of Starr Worldwide Firm, Inc. and for the funding enterprise of C. V. Starr & Co., Inc. and its subsidiaries. Starr is a number one insurance coverage and funding group with a presence on six continents; by means of its working insurance coverage corporations, Starr gives property, casualty, and accident and medical insurance merchandise in addition to a spread of specialty coverages together with aviation, marine, vitality and extra casualty insurance coverage. Starr’s insurance coverage firm subsidiaries domiciled within the U.S., Bermuda, China, Hong Kong, Malta, Singapore, Switzerland and U.Okay. every have an A.M. Greatest ranking of “A” (Wonderful). Starr’s Lloyd’s syndicate has a Customary & Poor’s ranking of “A+” (Robust).

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