Some court battles between insurer American International Group and the CV Starr & Company agencies controlled by former AIG chairman Maurice Greenberg have ended, it was announced today.
A joint statement from the two firms, both with offices in New York, said they have reached a settlement of "disputes over the termination of the managing general agency relationships between their respective subsidiaries and the use of the "Starr" and "American International" trademarks.
"As a result of the settlement, the terms of which are confidential, AIG shall refrain from conducting business under the 'Starr' and related names, and C.V. Starr shall refrain from conducting business under the 'AI,' 'American International' and related names," the firms said.
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