Starr Insurance receives license to operate branch in Seoul

Starr Insurance announced that South Korea’s Financial Services Commission has granted Starr International Insurance (Singapore) Pte. Ltd., Korea branch, a license to operate in Seoul and begin selling commercial property/casualty insurance throughout Korea.

Paul Choi was named CEO of Starr’s Korea branch in May 2024. He has more than 30 years of insurance experience with brokers and carriers and holds an MS in Risk Management & Insurance from Georgia State University.

Phil Finley, president of Starr Asia Pacific, said: “Korea is one of the largest commercial insurance markets in Asia, and Starr has a long history of operating in the region. We expect Korea to become a good source of profitable premium growth for Starr over the coming years.”