Starr Appoints Peter Hirs as New Chief Financial Officer

Author: Evelyn Baker Updated: 01-13-2025 09:44 AM

Starr Welcomes Peter Hirs as the New CFO

Starr has officially appointed Peter Hirs as its chief financial officer, marking a significant transition for the company. His appointment comes as Howard I. Smith retires after an impressive 40-year career with the company and its affiliates. Effective immediately, Hirs is set to take the lead in guiding the company through its financial operations.

Peter Hirs: A Wealth of Experience

Peter Hirs brings two decades of extensive experience in finance and insurance to his new role at Starr. He previously worked for a prominent global insurance carrier, where he successfully managed regional finance teams and played a critical role in mergers and acquisitions. With this vast experience, he is well-prepared to oversee the company’s global finance operations from Starr's headquarters.

Smith's Legacy and Contribution to Starr

Howard I. Smith has been at the helm of Starr’s financial operations since 2005. His leadership was pivotal in re-establishing Starr as an independent and dynamic entity within the insurance sector. The leadership period saw strong financial performance and strategic growth as he closely collaborated with Maurice R. "Hank" Greenberg, the chairman emeritus, since Smith joined in 1984.

A Vision for the Future

Jeff Greenberg, Starr’s chairman and co-CEO, expressed enthusiasm regarding Hirs’ appointment, emphasizing the importance of aligning experience with the company's culture and values. Greenberg noted, "Peter will be a critical partner in achieving our global ambitions," highlighting the expectations for Hirs to drive forward the company’s strategic objectives.

About Starr

Starr is recognized as a major name in the insurance and travel assistance industry, including offerings from Starr International Company, Inc. and C. V. Starr & Co., Inc. The organization boasts operations in six continents and offers a wide range of insurance products, including property, casualty, accident, health, and several specialty coverages like aviation and marine insurance. Its subsidiaries throughout the U.S. and international locations maintain impressive ratings from A.M. Best and Standard & Poor’s, showcasing Starr’s strength in the industry.

Starr's Commitment to Excellence

Starr's strong foundation and its ambitious vision under the leadership of Peter Hirs are designed to foster growth and innovation. As the company embarks on new initiatives, Hirs’ leadership will be crucial in navigating the complexities of the global insurance landscape while maintaining high standards of service and operational excellence.

Frequently Asked Questions

Who has been appointed as Starr's new CFO?

Peter Hirs is the new chief financial officer at Starr, succeeding Howard I. Smith.

What experience does Peter Hirs bring to his new role?

Hirs has 20 years of experience in finance and insurance, having worked with a global insurance carrier managing finance teams and leading mergers.

What was Howard I. Smith's role at Starr?

Howard I. Smith was the chief financial officer and led Starr’s financial operations for over 15 years, shaping the company's return to independence.

What is Starr’s global presence?

Starr operates across six continents, offering a diverse range of insurance products and holding strong ratings from A.M. Best and Standard & Poor’s.

Why is Peter Hirs' appointment significant?

Hirs' appointment is significant as it marks a new chapter for Starr, aimed at achieving its strategic goals and expanding its influence in the insurance market.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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