C. V. Starr & Company (California) to Offer Contractor's Pollution Liability From Chubb

SAN FRANCISCO, March 10 /PRNewswire/ -- C.V. Starr & Company (California), a subsidiary of C.V. Starr & Co., Inc., and The Chubb Corporation NYSE: CB have entered into a program agreement whereby C.V. Starr & Company (California) will begin offering contractor's pollution liability insurance coverage on behalf of Chubb. C.V. Starr & Company (California) will market and underwrite contractor's pollution liability coverage across its well established commercial and residential contractor's book of business.

"We are extremely pleased to broaden our partnership with Chubb and to provide our brokers and customers in the construction industry access to quality underwriting and insurance solutions to their many needs," said Jeffrey Hafter, President of C.V. Starr & Company (California).

Scott McDougall, Vice President of C.V. Starr & Company (California) will serve as the environmental specialty leader and chief underwriter responsible for managing the Chubb program. Mr. McDougall has over 20 years insurance and environmental industry experience and prior to joining C.V. Starr & Company (California) in November 2007, held various management positions with several leading insurance carriers providing environmental liability coverage.

About C. V. Starr & Company (California)

C.V. Starr & Company (California), a subsidiary of C. V. Starr & Co., Inc., is a leading managing insurance agent and preeminent underwriter of specialty casualty insurance. The agency provides its clients with a full range of expertise in commercial casualty insurance and special excess liability coverage over self-insured retention insurance programs. An insurance underwriting manager since 1953, the agency is based in California and has offices in San Francisco, Los Angeles, Seattle, Chicago, New York, Boston, Atlanta, Philadelphia, Dallas and Houston.

About C. V. Starr & Co., Inc.

C. V. Starr & Co. Inc. (C.V. Starr) is an independently owned holding company with insurance agencies and a portfolio of global investments. Through its wholly owned insurance agencies, C. V. Starr historically has produced approximately $1.5 billion annually of comprehensive insurance coverage among several specialty lines covering aviation, marine, excess casualty and property, including risks with international exposures. These agencies provide a broad spectrum of value-added specialized services including claims handling and settlement, risks assessment and loss prevention, and customer focused attention. C. V. Starr also has more than $2.5 billion in investment assets that include public and private equity, hedge funds and alternative assets. C. V. Starr's significant presence in global markets, backed by the company's international expertise, has made it an industry leader for more than 50 years. C. V. Starr is headquartered in New York City and has worldwide operations with over 500 staff with offices across the US and in Canada, London, Hong Kong, and China.

About The Chubb Group

The Chubb Corporation is the holding company for a family of insurance companies. The members of the Chubb Group of Insurance Companies form a multi- billion dollar organization that provides property and casualty insurance to personal and commercial customers worldwide through 8,000 independent agents and brokers. Chubb's global network includes branches and affiliates throughout North America, Europe, Latin America, Asia, and Australia.