Starr International Insurance (Asia) Limited Announces Authorization By Hong Kong Insurance Authority

HONG KONG, November 30 - Starr International Insurance (Asia) Limited (Starr International
Insurance Asia) announced that it recently received authorization by the
Office of the Insurance Commissioner (Insurance Authority) in Hong Kong to
provide several classes of General Insurance products in or from the Hong
Kong region. Starr International Insurance Asia is a wholly owned subsidiary
of Starr Insurance & Reinsurance Limited (Starr International Insurance).

Ross Matthews, President of Starr International Insurance Asia, said, "We
are pleased with the outcome of the Insurance Authority's internal review and
are well prepared to expand the organization's presence throughout the
territory. Our experienced leadership, familiarity with the Asian insurance
markets, and strength of our corporate organization will all facilitate
sustainable future growth and profitability."

Starr International Insurance Asia will offer a variety of General
Insurance products to its policyholders, serving them with accompanying risk
control, loss control and claims management services. The Company focuses on
several specialty lines of insurance coverage, where it clearly
differentiates itself by utilizing deep product knowledge, service
capabilities and experience in the industry. All of these factors will
collectively facilitate the aggressive growth strategy of the international
operations of Starr International Insurance in Hong Kong and beyond.

About Starr Insurance & Reinsurance Limited (Starr International
Insurance) — Starr International Insurance is a Bermuda-based insurance
company with a portfolio of insurance and reinsurance products and clients
throughout Europe and Asia. Starr International Insurance, an 'A Excellent'
rated company by A.M. Best, targets industrial, commercial, retail and
government entity risks throughout the European and Asian continents. For
more information, please visit

www.Starr-International.com.

Beth Dozier, Rational 360, +1-202-429-1833, bethdozier at rational360.com