Starr’s Marine Division Launches Terminal Management System Loss Control Program
Posted Oct 28, 2020 14:34 (GMT +7)
NEW YORK--(BUSINESS WIRE)--Oct. 27, 2020
Starr Marine, a division of Starr Insurance Companies, has introduced a comprehensive Terminal Management System (TMS) Assessment Program, designed to help Starr clients identify and reduce the risks unique to marine terminal operations of all sizes.
The TMS program, developed in conjunction with industry experts, is a proprietary tool created to measure terminal operations against industry best practices. Using independent marine surveyors, the Starr Marine Loss Control Services Team works with the terminal’s management to conduct a thorough on-site evaluation and review of operational, maintenance and safety procedures.
The assessment provides clients with a benchmarked score and detailed recommendations to enhance risk management initiatives and loss control plans for their operations.
“Our efforts to develop the TMS tool predates the recent spate of high-profile port losses,” said Matthew Davis, senior vice president and head of Starr Marine. “Events like these, however, are a reminder of why Starr’s loss control approach is central to how we work with clients – to prevent losses before they happen.”
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, Singapore, U.K. and Malta each have an A.M. Best rating of “A” (Excellent). Starr’s Lloyd’s syndicate has a Standard & Poor’s rating of “A+” (Strong).
View source version on businesswire.com: https://www.businesswire.com/news/home/20201027005221/en/
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