CV Starr & Company, an insurance company, and Allied World Assurance Company and Allied World National Assurance Company have entered into a program agreement whereby CV Starr will begin offering management liability lines of insurance coverage, on behalf of Allied World, to commercial middle market risks.
CV Starr & Company will market and underwrite a broad portfolio of insurance products including directors and officers insurance, employment practices liability, fiduciary liability, outside directorship liability, fidelity and crime insurance as well as kidnap, ransom and corporate extortion insurance.
Laurie Banez, senior vice president of CV Starr & Company will serve as its chief underwriter responsible for managing the Allied World program.
Gordon Knight, president of US operations, distribution and marketing at Allied World, added: This agreement with CV Starr & Company allows us to enhance Allied World’s specialty program identity and further penetrate the middle market space as part of our continued US platform growth. This initiative compliments our current D&O product portfolio already established on a worldwide basis.