Starr International Insurance (Asia)

Company Profile:

Starr International Insurance (Asia) Limited, a non-life insurance company organized under the laws of Hong Kong (“Starr International Insurance Asia”), is a direct, wholly owned subsidiary of Starr Insurance & Reinsurance Limited, a Class 4 insurance and reinsurance company organized under the laws of Bermuda (“Starr International Insurance”).  Starr International Insurance, is an indirect, wholly owned subsidiary of Starr International Company, Inc., a company organized under the laws of Switzerland (“Starr International”).  Starr International Insurance Asia provides customized general insurance products to the Hong Kong insurance market.  Starr International Insurance Asia also has a licensed insurance company branch office in the Philippines.

Rate of Levy Collected by the Insurance Authority of Hong Kong listed below:

Column 1 Column 2 Column 3 Column 4
Period Levy rate Maximum Levy for specified general business Maximum levy for specified long term business
From 1 January 2018 to 31 March 2019 (both dates inclusive) 0.040% 2,000 40
From 1 April 2019 to 31 March 2020 (both dates inclusive) 0.060% 3,000 60
From 1 April 2020 to 31 March 2021 (both dates inclusive) 0.085% 4,250 85
From 1 January 2021 onwards (inclusive of that date) 0.100% 5,000 100

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