Starr Insurance to start operating branch in Korea

South Korea’s Financial Services Commission has granted Starr Insurance’s Starr International Insurance (Singapore) Pte. Ltd., Korean branch, a licence to operate in Seoul.

This development enables Starr to initiate the sale of commercial property/casualty insurance across the entirety of South Korea.

Phil Finley, president of Starr Asia Pacific, commented: “Korea is one of the largest commercial insurance markets in Asia, and Starr has a long history of operating in the region.

“We expect Korea to become a good source of profitable premium growth for Starr over the coming years.”

With over three decades of insurance experience with brokers and carriers, Paul Cho will be leading the Starr’s Korean branch as CEO.

Prior to his appointment, Cho had been working with Starr as a Consultant, a role he started in September 2023. Before that, he served at Aon Korea for 13 years, where he held the role of Chief Broking Officer.

Starr Insurance is a marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. with subsidiaries domiciled in the U.S., Bermuda, China, Hong Kong, Malta, Singapore, Switzerland and U.K.

It provides property, casualty, and accident and health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance.

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