Editing Cornelius Vander Starr



'''Cornelius Vander Starr''' (October 15, 1892 – December 20, 1968), 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]].

AIG grew from an initial market value of $300 million to $180 billion, becoming the largest insurance company in the world.{{as of when|date=August 2024}}

==Early life==
Starr was born to parents of [[Dutch people|Dutch]] ancestry. His father was a [[railroad engineer]].<ref name="aig">{{cite web|url=http://starrfoundation.org/cv_starr_book.pdf|title=Cornelius Vander Starr 1892-1968|accessdate=April 9, 2014|archive-url=https://web.archive.org/web/20160417223423/http://www.starrfoundation.org/cv_starr_book.pdf|archive-date=April 17, 2016|url-status=dead}}</ref> Starr attended [[University of California, Berkeley]] from 1910 to 1911 before dropping out and returning to his hometown of [[Fort Bragg, California]].<ref>{{Cite web|url=https://www.berkeley.edu/news/media/releases/2004/06/24_tiencenter.shtml|title=06.24.2004 - Tien Center project reaches $42 million goal; construction set to begin on new East Asian library next year|website=www.berkeley.edu|access-date=May 13, 2018}}</ref><ref>{{Cite web|url=https://www.berkeley.edu/news/media/releases/2007/10/16_eal.shtml|title=10.16.2007 - New C.V. Starr East Asian Library to be dedicated at UC Berkeley|website=www.berkeley.edu|language=en-US|access-date=May 13, 2018}}</ref><ref>{{Cite web|url=https://exhibitions.library.columbia.edu/exhibits/show/cvstarr|title=Columbia University Libraries Online Exhibitions {{!}} Cornelius Vander Starr, His Life and Work|website=exhibitions.library.columbia.edu|language=en-US|access-date=May 13, 2018}}</ref> There he began his first business venture, selling [[ice cream]], at the age of nineteen.

He joined the U.S. Army in 1918 but was never deployed overseas because [[World War I]] had ended. Unable to resist a strong urge to travel and understand the world, he joined the [[Pacific Mail Steamship Company]] as a clerk in [[Yokohama]], [[Japan]]. Later that year, he traveled to [[Shanghai]] where he worked for several [[insurance]] businesses.

==Starr Companies==
In 1919 he founded what was then known as [[AIA Group|American Asiatic Underwriters]] (later American International Underwriters) in [[Shanghai]], [[China]], a global insurance and investment organization. He was forced to move his operation to New York in 1939, when Japan invaded China.<ref name=fritz/> Starr worked for the [[Office of Strategic Services]] during [[World War II]]<ref>{{cite book |title=Roosevelt and Churchill: men of secrets |page=[https://archive.org/details/rooseveltchurchi00staf/page/260 260] |author=David Stafford |url=https://archive.org/details/rooseveltchurchi00staf |url-access=registration |publisher=Overlook Press |year=2000 |isbn=978-1-58567-068-0}}</ref> and found himself engaged in such work as establishing the OSS insurance intelligence unit with [[William J. Donovan|William "Wild Bill" Donovan]] in 1943 and serving as the chief operative behind former [[U.S. Army Air Force]] officer [[Claire L. Chennault]]. Chennault is best known for coordinating the OSS-bankrolled [[American Volunteer Group]] (better known as the "Flying Tigers") to bring the fight to the Japanese without a [[declaration of war]] and return Generalissimo [[Chiang Kai-shek]] to dominance in China.  Starr and the OSS later backed Chiang over Communist leader  [[Mao Zedong]].

In 2000, war correspondent and author [[Mark Fritz]] wrote in the article entitled ''The Secret (Insurance) Agent Men'' for the [[Los Angeles Times]]:

<blockquote>They knew which factories to burn, which bridges to blow up, which cargo ships could be sunk in good conscience. They had pothole counts for roads used for invasion and head counts for city blocks marked for incineration. They weren't just secret agents. They were secret insurance agents. These undercover underwriters gave their World War II spymasters access to a global industry that both bankrolled and, ultimately, helped bring down [[Adolf Hitler]]'s Third Reich.<ref name=fritz>[[Mark Fritz|Fritz, Mark]]. [[iarchive:fritz-mark.-the-secret-insurance-agent-man.-los-angeles-times-september-22-2000-pp.-a-1-a-7|"The Secret (Insurance) Agent Men."]] ''[[Los Angeles Times]]'' (September 22, 2000): A7, A12. [https://archive.today/20210704202807/https://www.latimes.com/archives/la-xpm-2000-sep-22-mn-25118-story.html Archived] from [https://www.latimes.com/archives/la-xpm-2000-sep-22-mn-25118-story.html the original.] "Newly declassified U.S. intelligence files tell the remarkable story of the ultra-secret Insurance Intelligence Unit, a component of the [[Office of Strategic Services]], a forerunner of the [[CIA]], and its [[X-2 Counter Espionage Branch|elite counterintelligence branch X-2]]." (p. A7)</ref></blockquote>

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

AIG left China in early 1949, as Mao led the advance of the Communist [[People's Liberation Army]] on Shanghai,<ref>{{cite book | title= Current Biography Yearbook | url= https://books.google.com/books?id=P4oYAAAAIAAJ&q=%22AIG+abandoned+China+completely+in+1949%22 | last= Thompson | first= Clifford |author2=Block, Maxine |author3=Moritz, Charles |author4=Rothe, Anna Herthe |author5=Candee, Marjorie Dent  | year= 1941 | page= 247 | publisher= [[H. W. Wilson Company]] | quote= AIG abandoned China completely in 1949, as the Communist People's Liberation Army, led by Mao Zedong, advanced on Shanghai. | edition= 60th | series= [[Current Biography]] | accessdate= March 17, 2009}}</ref><ref>{{cite web|title=Foreign Office Files for China, 1949-1976 |url=http://www.adam-matthew-publications.co.uk/digital_guides/fo_china_part_1/Publishers-Note.aspx |publisher=Adam Matthew Publications |quote=By the spring of 1949 [the Communists] had captured Peking, the former Nationalist capital city of Nanking and the important trading city of Shanghai. |work=Part 1: Complete Files for 1949: Publisher's Note |accessdate=March 17, 2009 |url-status=dead |archiveurl=https://web.archive.org/web/20081013085518/http://www.adam-matthew-publications.co.uk/digital_guides/fo_china_part_1/Publishers-Note.aspx |archivedate=October 13, 2008 }}</ref> and Starr moved the company headquarters to its current home in New York City.<ref>{{cite news | title= AIG: What does this US giant do? | url= http://news.bbc.co.uk/2/hi/business/7621574.stm | date= September 17, 2008 | publisher= BBC News | quote= In 1949 [Cornelius Vander Starr] moved the company's headquarters to New York where it remains today. | accessdate= March 17, 2009}}</ref> AIG was the world's largest insurance company, and as of 2021 remains unchallenged in that respect.<ref name=schner>[https://www.youtube.com/watch?v=Cddq9_6Hq_k "Maurice Greenberg and David Schner Dialogue"] (video). [https://www.youtube.com/playlist?list=PLO6umPTpY5JksvKC_ZH9CqF6EDhR9KI2B ''A Centenary Story of C.V. Starr & Co: China and the US in 2018 and Beyond''.] Hosted by the [[Bank of China]] / China General Chamber of Commerce (USA), New York City, September 6, 2018. 26 min.</ref>

==Legacy==
[[File:C.V. Starr Laboratory, MBL.jpg|thumb|C.V. Starr Laboratory at the [[Marine Biological Laboratory]] at [[Woods Hole, Massachusetts]]]]
In 1955 he founded the [[The Starr Foundation|C. V. Starr Foundation]], to which he left his entire residuary estate, after a small amount in the eight figures along with his home in [[Brewster, New York|Brewster]] was awarded to his niece upon his death in 1968. He set up several other trusts for his close relatives. The sum of money left to his niece and relatives (not including the majority of his wealth left to charity) would have been worth several billion USD in the 21st century. Since its founding, the foundation has made more than $3.8 billion in grants worldwide in education, medicine and healthcare, human needs, public policy, culture, and the environment.<ref>{{cite web|url=https://starrfoundation.org/ |title=The Starr Foundation |publisher=The Starr Foundation |accessdate=October 8, 2019}}</ref> 

The [[C.V. Starr East Asian Library]] at [[Columbia University]] was named for Starr in recognition of an endowment gift by the Starr Foundation in 1981. Starr's alma mater, [[University of California, Berkeley|Berkeley]], is also home to the C. V. Starr East Asian Library, which houses 900,000 volumes in Chinese, Japanese, Korean, and other East Asian languages, making it one of the top two such collections in the United States outside of the [[Library of Congress]].<ref>{{cite web|url=http://www.lib.berkeley.edu/EAL/about/about.html |title=About EAL |publisher=Lib.berkeley.edu |accessdate=October 8, 2012}}</ref> Students at [[Hofstra University]] will know C.V. Starr Hall as home to the [[Frank G. Zarb School of Business]], a state-of-the-art technologically advanced building, which opened for classes in the fall of 2000 and houses the Martin B. Greenberg Trading Room complete with a stock ticker that is delayed only 15 minutes from [[Wall Street]].<ref>{{cite web |url=http://www.hofstra.edu/Academics/Colleges/zarb/zarb_facility.html |title=Buildings and Facilities - Frank G. Zarb School of Business - Hofstra University |publisher=Hofstra.edu |accessdate=October 8, 2012 |archive-url=https://web.archive.org/web/20120918012300/http://www.hofstra.edu/Academics/Colleges/Zarb/zarb_facility.html |archive-date=September 18, 2012 |url-status=dead }}</ref>  The [[C.V. Starr Center for the Study of the American Experience]] in [[Chestertown, MD]], works in conjunction with [[Washington College]] to promote the American Pictures Series at the [[National Portrait Gallery (United States)|National Portrait Gallery]] in Washington D.C.<ref>{{cite web |url=http://starrcenter.washcoll.edu/ |title=The C.V. Starr Center for the Study of the American Experience |publisher=Starrcenter.washcoll.edu |date=September 27, 2012 |accessdate=October 8, 2012 |archive-url=https://web.archive.org/web/20121012003214/http://starrcenter.washcoll.edu/ |archive-date=October 12, 2012 |url-status=dead }}</ref>

Starr was also an early investor in skiing at [[Mount Mansfield]] in [[Stowe, Vermont]],<ref name=epic>[http://www.burlingtonfreepress.com/story/news/local/2015/03/05/stowe-mountain-resort/24407247/ The epic history of Stowe Mountain Resort]</ref> acquiring the [[Stowe Mountain Resort]] in 1949.  It passed on to AIG in 1988.<ref>{{cite news|url=https://www.nytimes.com/2005/02/25/realestate/luxury/at-stoic-old-stowe-a-new-era.html?pagewanted=all|work=[[The New York Times]]|title=HAVENS; At Stoic Old Stowe, a New Era|accessdate=March 4, 2008 | first=Julia | last=Lawlor | date=February 25, 2005}}</ref> One of the famous Front Four double diamond trails there is named Starr in his honor, as is the base lodge of the Middlebury Bowl, the private ski slope belonging to [[Middlebury College]] in Vermont.

==References==
{{reflist}}
An On-line Exhibition: Cornelius Vander Starr, his life and work: https://exhibitions.library.columbia.edu/exhibits/show/cvstarr / exhibit curator, Ria Koopmans-de Bruijn / Published
New York, N.Y. : C.V. Starr East Asian Library, [2015].

==External links==
*[http://www.starrfoundation.org/ The Starr Foundation] – information about Cornelius Vander Starr.
*[https://web.archive.org/web/20071001142111/http://starrcenter.washcoll.edu/ C.V. Starr Center for the Study of the American Experience] (archived 1 October 2007)

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{{s-ttl|title=President of [[American International Group|American International Underwriters]]|years=1919–1968}}
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{{American International Group}}

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{{DEFAULTSORT:Starr, Cornelius Vander}}
[[Category:1892 births]]
[[Category:1968 deaths]]
[[Category:People from Mendocino County, California]]
[[Category:American people of Dutch descent]]
[[Category:American expatriates in China]]
[[Category:American International Group people]]
[[Category:American expatriates in Japan]]