Starr Aviation Agency, a subsidiary of CV Starr & Co, has acquired International Aerospace Insurance Services (Inter-Aero) of Santa Barbara, California, to expands its distribution network and product portfolio.
The company has appointed Charles Rudd, who has been involved in the Aerospace Insurance industry for around 25 years, as the new executive vice president of Starr Aviation.
Starr Aviation underwrites a comprehensive series of allied insurance products that are written on behalf of its highly rated insurance partners and its FSA approved Lloyds Syndicates. Starr Aviation’s product offerings include airline, aerospace manufactured products, aviation general liability, general aviation hull and liability and aviation workers’ compensation.
Bill Eason, president of Starr Aviation, said: “The acquisition of Inter-Aero expands not only our distribution network, but also our suite of products. Inter-Aero’s team of professionals has a strong presence in the Space market and greatly enables our entry into that business. The General Aviation team will provide quality services to expand our West Coast network.”
Mr Rudd, said: “Our geographic location on the West Coast will allow us to concentrate on and service brokers and clients in the region. Our existing insureds will be well served by our affiliation with Starr Aviation, as they have the capacity and resources to provide risk solutions for a multitude of exposures.”
International Aerospace Insurance Services provides new management solutions for Aerospace risks focusing on space, general aviation, commercial aviation and workers compensation.