Starr Insurance has announced that South Korea's Financial Services Commission has granted Starr International Insurance (Singapore) Pte Ltd, Korea branch, a licence to operate in Seoul and begin selling commercial property and casualty insurance throughout Korea.
Starr APAC president Phil Finley said, “Korea is one of the largest commercial insurance markets in Asia, and Starr has a long history of operating in the region. We expect Korea to become a good source of profitable premium growth for Starr over the coming years.”
Mr Paul Choi was named CEO of Starr’s Korea branch in May 2024. He has more than 30 years of insurance experience with brokers and carriers and holds a master of science in risk management and insurance from Georgia State University.
Starr Insurance is a marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company and for the investment business of C V Starr & Co and its subsidiaries. Starr has a presence on six continents; through its operating insurance companies, Starr provides property, casualty and accident and health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance.
Starr’s insurance company subsidiaries are domiciled in the US, Bermuda, China, Hong Kong, Malta, Singapore, Switzerland and the UK.