C. V. Starr & Co. Inc. Announces New Syndicate with Lloyds

Business Wire, Sept 12, 2006

LONDON -- On Friday 8 September, Lloyd's approved a new syndicate, Syndicate 1919, which will be managed by Marlborough Underwriting Agency Limited (MUAL), a wholly owned subsidiary of Berkshire Hathaway. This is subject to the necessary regulatory approval.

The syndicate will be wholly capitalised by CV Starr (25%) and Starr International Investments Limited (75%) and aims to start underwriting on 1 October 2006 with a capacity of GBP 50m in 2007. The classes of business it will write are aviation, energy and marine.

The active underwriter will be Chris Hancock, who was previously at Faraday.

About C. V. Starr & Co. Inc.

C. V. Starr & Co. Inc. is an independently-owned holding company with insurance agencies and a portfolio of global investments. Through its wholly owned insurance agencies, C. V. Starr historically has produced approximately $2 billion annually of comprehensive insurance coverage among several specialty lines covering aviation, marine, excess casualty and property, including risks with international exposures. These agencies provide a broad spectrum of value-added specialized services including claims handling and settlement, risks assessment and loss prevention, and customer focused attention. C. V. Starr also has more than $3 billion in investment assets that include public and private equity, hedge funds and alternative assets. C. V. Starr's significant presence in global markets, backed by the company's international expertise, has made it an industry leader for more than 50 years. The company is headquartered in New York City.

About Starr International Investments Limited

Starr International Investments Limited is an investment company owned by Starr International Company, operating an international investment business with more than $ 18B in assets.

About Marlborough Underwriting Agency Limited

Marlborough Underwriting Agency Limited (MUAL) is a wholly owned subsidiary of Berkshire Hathaway and currently manages syndicate 1861.