Starr Companies Receives Listing as an Approved Surety from U.S. Treasury: Enhances Company’s Crime & Fidelity Product Scope
April 16, 2014
New York, NY, Wednesday, April 16, 2014 - Starr Companies has announced that it has received approval from the United States Department of Treasury listing Starr Indemnity & Liability Company as an Approved Surety.
The Treasury listing enhances Starr Financial Lines’ Crime & Fidelity product offerings. With the Treasury listing, Starr Indemnity & Liability Company can satisfy its clients’ ERISA bonding requirements. Starr’s Crime & 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.
Starr’s Crime & Fidelity coverage is offered as part of its Resolute Portfolio policy, which also includes Directors & Officers, Employment Practices, and Fiduciary Liability coverages. It may be purchased in conjunction with all/any of those coverages or on a monoline basis for commercial and financial institution risks.
“This declaration from the U.S. Treasury is another significant step in the continued growth of our Financial Lines operation. We have senior staff with distinguished careers in the Crime product offering arena who can work with our partners to deliver a superior coverage,” states Jim Vendetti, Executive Vice President and Chief Underwriting Officer, Starr Indemnity & Liability Company and Starr Surplus Lines Insurance Company.