Starr Aviation Agency and Chubb Enter Into Underwriting Agreement
ATLANTA, GA, and WARREN, NJ, June 19, 2006 - Starr Aviation Agency, Inc., a wholly-owned specialty subsidiary of C. V. Starr & Co., Inc., and The Chubb Corporation
[NYSE: CB] have entered into an underwriting agreement under which Chubb will provide hull and liability coverages to Starr
Aviation's general aviation clients and workers compensation coverage to its general and commercial aviation clients.
The general aviation segment includes owners of corporate, private pleasure and small business aircraft, municipalities that
own aircraft, sightseeing and air taxi services, aircraft service and maintenance firms, manufacturers of non-critical aircraft
parts and small regional airports. It does not include commercial airlines and manufacturers of airframes or critical parts,
which are part of the commercial aviation segment.
"We look forward to working with Chubb, a financially strong organization with an outstanding reputation and a long history
in the aviation insurance field," said Steve Blakey, president of Starr Aviation. "This agreement further reflects our commitment
to expand our tailored products and services to our clients."
Thomas F. Motamed, vice chairman and chief operating officer of The Chubb Corporation, said, "This agreement provides Chubb
with growth opportunities in the most attractive segment of the aviation insurance marketplace. We look forward to working
with Starr Aviation's team of highly experienced aviation insurance specialists to deliver Chubb-quality products and services
to an array of aviation customers."
About Starr Aviation Agency, Inc.
Starr Aviation Agency, Inc., a wholly-owned subsidiary of C. V. Starr & Co. Inc., is a worldwide underwriter of aviation insurance
and a provider of specialized underwriting, safety and claims services. Through its industry-leading expertise and resources,
the company delivers customized client solutions to complex issues surrounding insurance and risk management. Headquartered
in Atlanta, Starr Aviation was formed in 1961.
About C. V. Starr & Co. Inc.
C. V. Starr & Co. Inc. 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 $2 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
$3 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. The company is headquartered in New York.
About The Chubb Corporation
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. Founded in 1882, Chubb was included in BusinessWeek's list of the "Best Performing Companies of 2005" and in Fortune's 2005 list of "America's Most Admired Companies."
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