Starr Indemnity & Liability Co.
Starr Indemnity & Liability Company (SILC) is a leading subsidiary of Starr Insurance Companies, a global insurance and investment organization founded in 1919. Headquartered in New York, NY, with additional administrative offices in Texas, SILC offers property and casualty insurance, accident and health products, and a wide array of specialty lines such as aviation, marine, energy, and excess casualty insurance. The firm operates internationally with more than 2,000 employees, serving businesses of all sizes across continents. Maurice R. Greenberg is the current chairman and CEO. Starr Indemnity holds an A.M. Best financial strength rating of 'A' (Excellent), Category XV. SILC focuses on providing insurance, risk control, and investment management solutions to corporations and institutions.
Investment Strategy
Starr Indemnity & Liability Company's investment strategy centers on supporting its insurance operations, with the parent entity (Starr Insurance Holdings) managing capital to maintain strong surplus and financial health. The group pursues investments in market-leading companies with stable and attractive EBITDA, high industry barriers to entry, and consistent operating performance. Through its investment arm, Starr Investment Holding, LLC, the company typically targets businesses in sectors where it can leverage industry expertise to promote risk management and operational efficiency, but the principal focus remains on underwriting profitability and prudent capital allocation to back insurance liabilities.
Top Holdings
Equity Positions (4)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
G GLD | SPDR GOLD TR | 56.29% | $153.8M | 504,418 | $264.16 | $304.83 | +$59.5M |
I IDEV | ISHARES TR | 16.87% | $46.1M | 606,060 | $76.04 | $76.04 | +$46.1M |
I IVOO | VANGUARD INDEX FDS | 13.99% | $38.2M | 364,098 | $104.98 | $104.98 | +$38.2M |
I IJR | ISHARES TR | 12.84% | $35.1M | 320,950 | $109.29 | $109.29 | +$35.1M |