C.V. Starr in Deal with Allied World to Offer New Excess Capacity

C.V. Starr & Co. will begin offering excess casualty insurance for public entity, residential and commercial contracting risks on behalf of Allied World Assurance Co. (U.S.) Inc.

The agreement gives C. V. Starr & Co. the ability to augment its excess liability underwriting by providing excess facility for excess capacity of $15,000,000 above its current capacity of $10,000,000.

“The additional capacity will provide an important product that will allow us to entertain many new risks that we currently have not aggressively pursued”, commented William Weichold, president of C.V. Starr & Co., a managing underwriter for various companies that specializes in both residential and commercial construction business, along with all types of public entity business.

This new facility will be available for all C.V. Starr branch offices, which are located in San Francisco, Los Angeles, Seattle, Chicago, Philadelphia, New York, Boston, Atlanta, and Starr’s new branch in Dallas.

Sources:
Allied World Assurance Co.
www.awac.com.

C.V. Starr & Co., Inc.