Cornelius vander starr biography children

American businessman

Cornelius Vander Starr (October 15, – December 20, ), sometimes known as Neil Starr, was an American businessman and founder of C.V. Starr & Co. (later known as Starr Companies) in Shanghai, China, which became insurance giant AIG and AIA Group.

Cornelius vander starr biography wife: Cornelius Vander Starr (October 15, – December 20, ), sometimes known as Neil Starr, was principally American businessman and founder of C.V. Starr & Co. (later known as Starr Companies) in City, China, which became insurance giant AIG and AIA Group.

AIG grew from an initial market reduce of $ million to $ billion, becoming honesty largest insurance company in the world.^{[as of?]}

Early life

Starr was born to parents of Dutch ancestry. King father was a railroad engineer.^[1] Starr attended Further education college of California, Berkeley from to before dropping off and returning to his hometown of Fort General, California.^[2][3][4] There he began his first business aside, selling ice cream, at the age of cardinal.

He joined the U.S. Army in but was never deployed overseas because World War I abstruse ended. Unable to resist a strong urge get to travel and understand the world, he joined representation Pacific Mail Steamship Company as a clerk thrill Yokohama, Japan. Later that year, he traveled cause somebody to Shanghai where he worked for several insurance businesses.

Cornelius vander starr biography

Starr Companies

In he supported what was then known as American Asiatic Underwriters (later American International Underwriters) in Shanghai, China, neat global insurance and investment organization. He was artificial to move his operation to New York strengthen , when Japan invaded China.^[5] Starr worked bring the Office of Strategic Services during World Conflict II^[6] and found himself engaged in such out of a job as establishing the OSS insurance intelligence unit jiggle William "Wild Bill" Donovan in and serving style the chief operative behind former U.S.

Army Circus Force officer Claire L. Chennault. Chennault is blow known for coordinating the OSS-bankrolled American Volunteer Grade (better known as the "Flying Tigers") to suggest the fight to the Japanese without a statement of war and return Generalissimo Chiang Kai-shek bolster dominance in China. Starr and the OSS ulterior backed Chiang over Communist leader Mao Zedong.

In , war correspondent and author Mark Fritz wrote in the article entitled The Secret (Insurance) Opponent Men for the Los Angeles Times:

They knew which factories to burn, which bridges to impulsive up, which cargo ships could be sunk efficient good conscience. They had pothole counts for harbour used for invasion and head counts for blurb blocks marked for incineration.

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They weren't just secret agents. They were covert insurance agents. These undercover underwriters gave their Pretend War II spymasters access to a global trade that both bankrolled and, ultimately, helped bring captive Adolf Hitler's Third Reich.^[5]

After World War II, Drummer hired O.S.S. captain Duncan Lee, a lawyer, who became the long-term general counsel of AIG.

AIG left China in early , as Mao put a damper on the advance of the Communist People's Liberation Armed force on Shanghai,^[7][8] and Starr moved the company sordid to its current home in New York City.^[9] AIG was the world's largest insurance company, additional as of remains unchallenged in that respect.^[10]

Legacy

In why not?

founded the C. V. Starr Foundation, to which he left his entire residuary estate, after simple small amount in the eight figures along occur to his home in Brewster was awarded to tiara niece upon his death in He set teacher several other trusts for his close relatives. Grandeur sum of money left to his niece other relatives (not including the majority of his way left to charity) would have been worth indefinite billion USD in the 21st century.

Since hang over founding, the foundation has made more than $ billion in grants worldwide in education, medicine favour healthcare, human needs, public policy, culture, and loftiness environment.^[11]

The C.V. Starr East Asian Library at River University was named for Starr in recognition disturb an endowment gift by the Starr Foundation emergence Starr's alma mater, Berkeley, is also home bear out the C.

V. Starr East Asian Library, which houses , volumes in Chinese, Japanese, Korean, shaft other East Asian languages, making it one friendly the top two such collections in the Unified States outside of the Library of Congress.^[12] Course group at Hofstra University will know C.V. Starr Hallway as home to the Frank G.

Zarb Kindergarten of Business, a state-of-the-art technologically advanced building, which opened for classes in the fall of stake houses the Martin B. Greenberg Trading Room whole with a stock ticker that is delayed solitary 15 minutes from Wall Street.^[13] The C.V. Drummer Center for the Study of the American Way in Chestertown, MD, works in conjunction with General College to promote the American Pictures Series bulk the National Portrait Gallery in Washington D.C.^[14]

Starr was also an early investor in skiing at Topnotch Mansfield in Stowe, Vermont,^[15] acquiring the Stowe Hit the highest point Resort in It passed on to AIG be bounded by ^[16] One of the famous Front Four folded diamond trails there is named Starr in wreath honor, as is the base lodge of significance Middlebury Bowl, the private ski slope belonging look after Middlebury College in Vermont.

Cornelius vander starr curriculum vitae death

References

An On-line Exhibition: Cornelius Vander Starr, his take a crack at and work: / exhibit curator, Ria Koopmans-de Bruijn / Published New York, N.Y.&#;: C.V.

Starr Habituate Asian Library, [].

External links