Maurice R. Greenberg of Starr Companies Releases Statement on the Passing of Robert “Bob” Benmosche

Starr Companies Chairman and CEO Maurice R. Greenberg has issued a statement on the passing today of former AIG CEO and President Robert “Bob” Benmosche.

“I am very sad to learn of the passing of Bob Benmosche,” Greenberg said. “He was a very good friend, and we knew each other for many years.”

Greenberg knew Benmosche from his successful role as the Chairman, President and CEO of MetLife. Greenberg recommended Benmosche to the New York Federal Reserve as a possible CEO for AIG when the company needed new leadership following the financial crisis. Greenberg even made a personal trip to Croatia, to visit Benmosche in retirement, to persuade him to take the job at AIG.

“I knew then that Bob would do an outstanding job, and that he would be effective in saving AIG. That outcome speaks for itself,” Greenberg said.

“Bob provided for his own successor, all while valiantly fighting cancer,” Greenberg said, referring to Benmosche’s 2010 lung cancer diagnosis. “He was a strong leader, and he worked tirelessly to serve AIG, despite his illness. He was a model of courage for others to see.”

“Bob set an outstanding example in business, and he was a great human being,” Greenberg said. “He will be sorely missed, and our hearts go out to his family during this difficult time.”

Starr Companies (or Starr) is the worldwide 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 five continents; through its operating insurance companies, Starr provides property, casualty, and accident & 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, Hong Kong and Singapore each have an A.M. Best rating of “A” (Excellent). Starr’s Lloyd’s syndicate has a Standard & Poor’s rating of “A+” (Strong). Starr’s insurance company subsidiary domiciled in China has an A.M. Best rating of “A-” (Excellent).

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