Starr International Insurance (Singapore), a wholly owned subsidiary of Starr Insurance & Reinsurance, has received a direct general license from the Monetary Authority of Singapore (MAS) to operate as a direct insurer in the Asia-Pacific region.

Starr Companies International Insurance Operations Head Ed Navarro said the company was confident about the opportunities in Singapore after receiving the full license from MAS.

The firm has hired Chan Tat Yoong as the Principal Officer of the Singapore operations.

With over 20 years’ experience, Yoong served as an insurance industry executive and prior to his insurance career, he served in the Singapore Ministry of Defence.

"Tat Yoong’s experience running branches for multi-national insurance companies as well as his excellent relationships will serve us well as we expand our operation," Navarro added.

Starr insurance offerings include property, casualty, marine, aviation, financial lines and political risk insurance solutions.