Starr Technical Risk Agency, which has been involved in a legal dispute with AIG, is to begin offering commercial industrial insurance underwritten by ACE USA and the Berkshire Hathaway Group, according to reports.
The announcement came less than two weeks after AIG announced that it was terminating its relationship with Starr Tech.
Richard Shaak, president and chief executive of Starr Tech, said the agreements with ACE and Berkshire Hathaway "offer Starr Tech $200m of in-house underwriting capacity."
The statement said the deal "will also allow Starr Tech to broaden its offerings across North America, Europe and Asia."
