Starr Aviation Agency and Chubb Enter Into Underwriting Agreement

June 19, 2006

Starr Aviation Agency Inc., a wholly-owned specialty subsidiary of C. V. Starr & Co. Inc., and The Chubb Corporation have entered into an underwriting agreement under which Chubb will provide hull and liability coverages to Starr Aviation’s general aviation clients and workers’ compensation coverage to its general and commercial aviation clients.

The general aviation segment includes owners of corporate, private pleasure and small business aircraft, municipalities that own aircraft, sightseeing and air taxi services, aircraft service and maintenance firms, manufacturers of non-critical aircraft parts and small regional airports. It does not include commercial airlines and manufacturers of airframes or critical parts, which are part of the commercial aviation segment.

“We look forward to working with Chubb, a financially strong organization with an outstanding reputation and a long history in the aviation insurance field,” said Steve Blakey, president of Starr Aviation. “This agreement further reflects our commitment to expand our tailored products and services to our clients.”

Thomas F. Motamed, vice chairman and chief operating officer of The Chubb Corporation, said, “This agreement provides Chubb with growth opportunities in the most attractive segment of the aviation insurance marketplace. We look forward to working with Starr Aviation’s team of highly experienced aviation insurance specialists to deliver Chubb-quality products and services to an array of aviation customers.”

Sources: Starr Aviation Agency and The Chubb Corporation

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