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Risk Management

Starr receives license to operate in Ontario

Mark A. Hofmann

February 03, 2014 Reprints

P/C Insurers Canada More + Less -

New York-based Starr Cos. have received a license to write insurance on a direct basis in the province of Ontario, Canada, Starr announced Monday.

The New York-based underwriter had previously received a federal order from the Office of The Superintendent of Financial Institutions in Canada approving Starr Insurance & Reinsurance Ltd.

Starr has established a branch office in Toronto and will directly write a variety of commercial insurance lines.

Starr has named Hano Pak as the chief agent and the country executive of Starr Insurance & Reinsurance Ltd. Mr. Pak will be responsible for the overall growth, profitability, and distribution of Starr’s insurance offerings in Canada.

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Starr receives license to operate in Ontario

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