Starr Insurance Companies has opened an office in Madrid, expanding its commercial lines presence across the Iberian Peninsula and boosting its European network. The company hosted a group of 100 brokers and risk managers to mark the occasion.
The Madrid office is the latest addition to Starr’s European presence, which includes the UK, the Benelux countries, Central and Eastern Europe. Juan Carro Arbelo, regional manager for insurance, Iberia, will head business development in the market.
“Our business has grown rapidly around the world for more than a decade, but Europe has been a particularly important market for us to serve,” said Maurice R. Greenberg, chairman and CEO of Starr Insurance Companies. “The Iberian Peninsula represents a major opportunity for us to accelerate that growth.”