Starr in the News
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Matt Williams, Head of Starr Consulting Services
If you ask Matt Williams what Starr Consulting Services is really there to do, you won’t get a description of a consulting function. You’ll get a simple idea, give clients practical, pre-loss support that helps manage risk before it becomes a claim.
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James Gilbert, Captive & Large Client Relationship Manager
If you ask James Gilbert what has kept him in the London market for as long as it has, you won’t get a rehearsed career summary. You’ll get the same answer every time, relationships, momentum, and the satisfaction of getting deals done.
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Ami Bahia, Governance, Risk & Compliance Director
If you ask Ami Bahia, Governance, Risk & Compliance Director at Starr, what makes governance, risk and compliance interesting, you won’t get a technical answer. Instead, you’ll get a practical one: it’s about enabling teams to achieve their commercial objectives, while maintaining the fundamental principles that ensure the firm maintains that allow the business to operate with confidence.
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What ships do in the shadows: The rise of the dark fleet
The rise of the dark fleet is less about individual vessels and more about the risks it creates across the wider market. Trade fragmentation, ageing fleets and increased regulatory scrutiny are all adding complexity to underwriting and claims. Darren Stewart, Marine Claims, explores what sits outside the insurance market is now influencing it in very real ways.
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Starr Bermuda assigned A rating from AM Best
Starr’s new Bermuda reinsurer, IQUW Re Bermuda Limited, today announced that global credit rating AM Best has upgraded its Financial Strength Rating to A (Excellent) and its long-term issuer credit to a+ (Excellent). The outlook for both credit ratings is positive.
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Starr Completes Acquisition of IQUW Group
Starr, a global investment and insurance organization, today announced that it has completed its acquisition of IQUW Group, creating a broader, more diversified specialty (re)insurance platform with enhanced capabilities across the London market, Bermuda and UK retail motor.
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Battery Energy Storage Systems and Thermal Runaway Risks in Data Centers: The Critical Role of Loss Control for Insurance Coverage
As data centers look for greater power resilience and operational flexibility, Battery Energy Storage Systems (BESS) are being implemented in many projects currently under construction, most often those using lithium-ion cells. These systems can improve reliability and drive cost savings, but they also introduce new, complex hazards including the risk of thermal runaway. In a thermal runaway event, a battery cell’s temperature escalates uncontrollably, quickly spreading heat and potentially causing fire, toxic gas release, or even explosions. A single failure in a densely packed data center environment can put the whole facility at risk.
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As Data Centers Boom, Construction and Operational Risks Rise
Data centers are among the fastest-growing areas in the U.S. construction sector, fueled by massive investments in artificial intelligence. These and other trends are accelerating data center construction projects, and along with them, a wide range of property and liability risks. This white paper explores the boom in data center development and operations through a risk management lens and offers recommendations for project owners, operators, developers, contractors, and insurance brokers.
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