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Starr Tech MGA inks deals with ACE, Berkshire; Agency will compete with AIG on energy.

Publication: Business Insurance
Publication Date: 06-MAR-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Starr Tech MGA inks deals with ACE, Berkshire; Agency will compete with AIG on energy.(Starr Technical Risks Agency contract with ACE USA and Berkshire Hathaway Inc.)(case between Starr International Co. and American Insurance Group Inc. over shares)

Article Excerpt
Byline: JUDY GREENWALD

NEW YORK-Managing general agency Starr Technical Risks Agency said last week it will begin to offer commercial insurance coverage by ACE USA and Berkshire Hathaway Group, a move that observers say will bring welcome new competition into the energy market.

The deals will put Starr Tech in direct competition with AIG Global Energy, a unit of American International Group Inc., which will manage accounts formerly underwritten by Starr Tech on behalf of AIG.

New York-based Starr Tech, which specializes in the energy business, is one of four C.V. Starr & Co. MGAs controlled by former AIG Chairman Maurice R. Greenberg.

Meanwhile, separately, Dublin, Ireland-based Starr International Co., also controlled by Mr. Greenberg, has agreed to discovery and deposition concerning its sale of AIG shares, said a Starr spokesman.

AIG is suing Starr International in an effort to have it surrender control over its remaining AIG stock, while Starr...

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