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C.V. Starr & Company to Offer Management Liability Lines From Allied World Assurance Company
Date:2/12/2008

SAN FRANCISCO, Feb. 12 /PRNewswire/ -- C.V. Starr & Company, a subsidiary of C. V. Starr & Co., Inc., and Allied World Assurance Company (U.S.) Inc. and Allied World National Assurance Company have entered into a program agreement whereby C.V. Starr & Company will begin offering management liability lines of insurance coverage on behalf of Allied World to commercial middle market risks including Not For Profit Organizations, Private Companies and Public Companies with market capitalizations of $500 million or less. C.V. Starr & Company will market and underwrite a broad portfolio of insurance products including Directors and Officers Insurance, Employment Practices Liability, Fiduciary Liability, Outside Directorship Liability, Fidelity and Crime Insurance as well as Kidnap, Ransom and Corporate Extortion Insurance.

"We are excited to broaden our partnership with Allied World and provide our brokers and customers access to quality underwriting and servicing of a broad portfolio of specialty insurance products while providing solutions to their management liability insurance needs," said Jeffrey Hafter, President of C.V. Starr & Company.

Laurie E. Banez Senior Vice President of C.V. Starr & Company will serve as its chief underwriter responsible for managing the Allied World program. Ms. Banez has over 21 years insurance industry experience and prior to joining C.V. Starr & Company in November 2007, she held various senior leadership positions with several leading management liability insurance carriers.

Allied World President of U.S. Operations, Distribution and Marketing, Gordon Knight, commented, "This agreement with C.V. Starr & Company allows us to enhance Allied World's specialty program identity and further penetrate the middle market space as part of our continued U.S. platform growth. This initiative compliments our current D&O product portfolio already established on a worldwide basis."

About C. V. Starr & Company

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SOURCE C. V. Starr & Company
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