Starr International Insurance (Asia), a global insurance organization, has received Philippine Insurance Commission's approval to set up a branch office in the country to offer general insurance product and services.
The company plans to establish the office in Manila, which will act as a branch of Hong Kong based Starr International Insurance (Asia).
Commenting on the license granted by Philippine's insurance regulatory authority, Starr Insurance Holdings chairman & chief executive officer Maurice Greenberg said that the company has a long and distinguished history in the Philippines and it look forward to renewing this relationship.
"Obtaining this license is another important step in Starr's continued growth in this part of the world," Greenberg added.
Starr Companies is the global marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company and for the investment management business of CV Starr & Co.
Privately-owned insurance and investments organization, Starr Companies offers tailored insurance products including property, casualty, and specialty lines, including accident & health, aviation, construction, crisis management across the globe.
