Starr Aviation Agency and Chubb Enter Into Underwriting Agreement

The general aviation segment includes owners of corporate, privatepleasure and small business aircraft, municipalities that ownaircraft, sightseeing and air taxi services, aircraft service andmaintenance firms, manufacturers of non-critical aircraft parts andsmall regional airports. It does not include commercial airlines andmanufacturers of airframes or critical parts, which are part of thecommercial aviation segment.

"We look forward to working with Chubb, a financially strongorganization with an outstanding reputation and a long history in theaviation insurance field," said Steve Blakey, President of StarrAviation. "This agreement further reflects our commitment to expandour tailored products and services to our clients."

Thomas F. Motamed, Vice Chairman and Chief Operating Officer ofThe Chubb Corporation, said, "This agreement provides Chubb withgrowth opportunities in the most attractive segment of the aviationinsurance marketplace. We look forward to working with StarrAviation's team of highly experienced aviation insurance specialiststo deliver Chubb-quality products and services to an array of aviationcustomers."

About Starr Aviation Agency, Inc.

Starr Aviation Agency, Inc., a wholly-owned subsidiary of C. V.Starr & Co. Inc., is a worldwide underwriter of aviation insurance anda provider of specialized underwriting, safety and claims services.Through its industry-leading expertise and resources, the companydelivers customized client solutions to complex issues surroundinginsurance and risk management. Headquartered in Atlanta, StarrAviation was formed in 1961.

About C. V. Starr & Co. Inc.

C. V. Starr & Co. Inc. is an independently-owned holding companywith insurance agencies and a portfolio of global investments. Throughits wholly-owned insurance agencies, C. V. Starr historically hasproduced approximately $2 billion annually of comprehensive insurancecoverage among several specialty lines covering aviation, marine,excess casualty and property, including risks with internationalexposures. These agencies provide a broad spectrum of value-addedspecialized services including claims handling and settlement, risksassessment and loss prevention, and customer focused attention. C. V.Starr also has more than $3 billion in investment assets that includepublic and private equity, hedge funds and alternative assets. C. V.Starr's significant presence in global markets, backed by thecompany's international expertise, has made it an industry leader formore than 50 years. The company is headquartered in New York.

About The Chubb Corporation

The Chubb Corporation is the holding company for a family ofinsurance companies. The members of the Chubb Group of InsuranceCompanies form a multi-billion Dollar organization that providesproperty and casualty insurance to personal and commercial customersworldwide through 8,000 independent agents and brokers. Chubb's globalnetwork includes branches and affiliates throughout North America,Europe, Latin America, Asia and Australia. Founded in 1882, Chubb wasincluded in BusinessWeek's list of the "Best Performing Companies of2005" and in Fortune's 2005 list of "America's Most AdmiredCompanies."