New York-based Starr Cos. on Wednesday said its Starr Indemnity & Liability Co. has been added to the list of approved surety companies by the U.S. Treasury Department.
The approval enables Starr Indemnity & Liability to add products such as ERISA bonds to its crime and fidelity product offerings, Starr Cos. said in a statement.
“This declaration from the U.S. Treasury is another significant step in the continued growth of our financial lines operation,” Jim Vendetti, executive vice president and chief underwriting officer for Starr Indemnity & Liability Co. and Starr Surplus Lines Insurance Co., said in the statement. “We have senior staff with distinguished careers in the crime product offering arena who can work with our partners to deliver a superior coverage.”
Starr Cos. said its crime and fidelity coverage is available on a primary and/or excess basis responding to the loss of money, securities, and other property owned or held by a customer.