NEW YORK--(BUSINESS WIRE)--Starr Insurance Companies today announced that John Patin, senior investment officer, has resigned his position for personal reasons. John F. Shannon, formerly with Alleghany Corp., was named to succeed him.
“We wish John Patin great success in his future endeavors,” said Maurice R. Greenberg, chairman and chief executive officer, “We’re confident Mr. Shannon will serve Starr well, given his extensive experience managing insurance assets for some of the largest U.S. insurers.”
Shannon served as senior vice president and chief investment officer at Alleghany, which Berkshire Hathaway acquired in October 2022. Prior to Alleghany, Mr. Shannon spent more than 11 years at MetLife Investments as vice president, global portfolio management, following five years at Prudential Financial as an investment analyst. He is a chartered financial analyst and holds a Bachelor of Science degree from University at Buffalo and an MBA from New York University’s Stern School of Business.
Mr. Shannon is based at Starr’s New York headquarters.
About Starr Insurance Companies
Starr Insurance Companies (or Starr) is a marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C. V. Starr & Co., Inc. and its subsidiaries. Starr is a leading insurance and investment organization with a presence on six continents; through its operating insurance companies, Starr provides property, casualty, and accident and health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance. Starr’s insurance company subsidiaries domiciled in the U.S., Bermuda, China, Hong Kong, Malta, Singapore, Switzerland and U.K. each have an A.M. Best rating of “A” (Excellent). Starr’s Lloyd’s syndicate has a Standard & Poor’s rating of “A+” (Strong).
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