Starr Insurance Companies Launches Starr Gate, First-of-Its-Kind, Usage-Based Aviation Insurance for Pilots Who Rent
Starr Insurance Companies announced the launch of Starr Gate, a new kind of general aviation policy providing pilots who rent aircraft with unprecedented flexibility for their insurance needs through “high-definition underwriting” and usage-based pricing with a tool that can also improve a pilot’s skills.
Until now, pilots did not have real flexibility in their insurance coverage and often paid for coverage they didn’t need. Now, Starr, a leading aviation insurer, has established a way for pilots to pay for coverage based on when they are flying. The program includes the ability to access CloudAhoy, a popular third-party, cloud-based pilot analytics tool, for a potential discount on the premium.
“This product is a significant innovation for Starr,” said Maurice R. Greenberg, Chairman and CEO of Starr Insurance Companies. “For the thousands of pilots around the U.S., it’s a smarter way to get coverage. We’re leveraging technology to enhance safety and tailor coverage to match the market’s actual needs.”
Jim Anderson, Senior Vice President of Starr Aviation, said: “Starr Gate is better aligned with a pilot’s skills and flight time. With CloudAhoy data, we can write coverage in high definition. It’s customized insurance that can make you a better pilot.”
Starr Gate customers get personalized access to CloudAhoy scoring, at no additional cost, that can help them become better pilots by matching their performance -from wheels up to wheels down post-flight- with thousands of other pilots.
“Giving pilots the flexibility to buy on-demand coverage could not have come at a better time as we begin to emerge from this public health crisis,” Anderson said. “Qualified pilots can obtain coverage for when they fly. If you’re not flying now, apply for the coverage you need when you do start to fly again.”
Starr Gate is available now directly to pilots through a convenient iPad app, accessible in the Apple App Store, as well as through insurance brokers.
“Using data-driven technology to provide quantitative, objective feedback to pilots has always been part of our vision,” said Chuck Shavit, the creator and CEO of CloudAhoy. “We are delighted to see it used in a positive way to reward pilots, and to promote safety and proficiency.”
Starr Insurance Companies Appoints Global Insurance Veteran Jose Ribeiro to Boards of London-Based Operations
Starr Insurance Companies’ has appointed global insurance veteran Jose Ribeiro as an independent non-executive director for Starr Europe Insurance Ltd. and Starr Managing Agency Ltd. He is based in London.
Ribeiro has spent more than 30 years in the financial services industry globally, including several leadership roles across the spectrum of insurance organizations. An actuary, he began his insurance career at AIG in 1986 where he spent eight years before moving to Munich Re. In 2002 he joined Willis as CEO for Latin America and the Caribbean. In 2007 he became director for international markets at Lloyd’s. From 2015 to 2019, Ribeiro was managing director and board member for Asia-Pacific at AM Best.
“We’re fortunate to have someone of Jose’s caliber join our boards,” said Jim Herbert, head of Starr’s UK and European operations. “He brings a wealth of experience in client and broker relations around the world and extensive risk-management expertise.”
Starr’s presence in Europe includes the UK, Benelux countries, Central and Eastern Europe and Madrid. The European region offers a wide breadth of Starr’s insurance portfolio, which includes property, casualty, accident, aviation and marine.
Starr Insurance Companies Appoints John Patin as Senior Investment Officer
Starr Insurance Companies today announced the appointment of insurance investment veteran John Patin as senior investment officer, effective March 30. Mr. Patin is responsible for managing the diverse asset portfolio of Starr’s insurance operating companies.
Mr. Patin has spent most of his 20 years’ experience managing investments for insurance enterprises, including most recently Allied World Assurance. He previously was a principal at a hedge fund of funds spun off from Moore Capital Management, the global macro hedge fund he joined in 2001.
“John brings key skills in the important category of alternative investments as well as in traditional insurance asset allocation,” said Maurice R. Greenberg, chairman and chief executive officer. “Having someone of his caliber will help keep Starr moving forward on the investment side of the business in parallel with the underwriting side.”
Mr. Patin is based at Starr’s New York headquarters.
Starr Insurance Companies Appoints Carsten Nawrath as Aviation Underwriting Manager based in Germany
Starr Insurance Companies today announced the appointment of Carsten Nawrath as Aviation Underwriting Manager, leading the build-out of a new aviation insurance operation based in Munich, Germany. The operation will write Aerospace and General Aviation business for clients across Central Europe.
“Mr. Nawrath brings to Starr more than 15 years of insurance experience with a focus on general aviation,” says Andy Trundle, Chief Underwriting Officer – Aviation, Starr Insurance Companies. “His knowledge and expertise in aviation and in the major risk business will help us to grow our presence in the central European region.”
Mr. Nawrath will report directly to Joost Vink, Head of Europe for Starr.
Starr Insurance Companies Appoints Carsten Nawrath as Aviation Underwriting Manager based in Germany
Starr Insurance Companies today announced the appointment of Carsten Nawrath as Aviation Underwriting Manager, leading the build-out of a new aviation insurance operation based in Munich, Germany. The operation will write Aerospace and General Aviation business for clients across Central Europe.
“Mr. Nawrath brings to Starr more than 15 years of insurance experience with a focus on general aviation,” says Andy Trundle, Chief Underwriting Officer – Aviation, Starr Insurance Companies. “His knowledge and expertise in aviation and in the major risk business will help us to grow our presence in the central European region.”
Mr. Nawrath will report directly to Joost Vink, Head of Europe for Starr.
Starr Insurance Companies Appoints Andrew Hopper as Head of Financial Institutions, UK and Europe
Starr Insurance Companies announced the appointment of Andrew Hopper as Head of Financial Institutions for the UK and Europe. Hopper joined Starr on June 3 and will be responsible for the strategy and profitable growth of the Financial Institutions division.
Prior to Starr, Hopper was a senior client executive within the FinPro Practice at Marsh in London.
“Andrew brings more than 17 years of financial industry insurance experience on both the broker and carrier sides of the business,” said Liz Ilott, chief underwriting officer, Financial Lines, Starr Underwriting Agents Ltd (SUAL). “He’s developed smart risk management solutions for large financial institutions throughout his career, including banks, asset managers, and life insurance companies, with a solid track record of driving revenue growth for his employers. His leadership will help us to develop new channels and strengthen our client and partner relationships.”
Andrew will report directly to Liz Ilott and will be based in Starr’s London office.