The University System of Georgia’s Board of Regents has approved renaming Georgia State University’s Department of Risk Management & Insurance as the Maurice R. Greenberg School of Risk Science. The name change recognizes a $15 million gift from The Starr Foundation that will dramatically expand and enhance Georgia State University’s risk education programs and elevate the highly regarded program’s stature worldwide. Maurice R. Greenberg is chairman of The Starr Foundation and chairman and CEO of Starr Insurance Companies.
The transformational gift is the largest in the history of Georgia State’s J. Mack Robinson College of Business. It will be used to:
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Establish an honors scholarship to recruit promising scholars from across the U.S.
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Develop a certificate program for students who are not risk science majors
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Create a new physical space to house the risk science unit
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Recruit additional talented faculty and staff for the unit’s programs
“We are deeply grateful to The Starr Foundation for investing in one of the university’s top-performing and most prestigious departments,” President M. Brian Blake said when the gift was announced on Jan. 24. “This gift ensures our risk management and insurance programs will continue to produce incredible graduates and outstanding research, all while honoring a legendary insurance executive.”
The Starr Foundation was established in 1955 by Cornelius Vander Starr, an insurance entrepreneur who founded C.V. Starr & Co. and other international insurance companies. Mr. Starr named Mr. Greenberg as his successor in 1968. In 1969, Mr. Greenberg formed American International Group, Inc. (AIG) from several of Starr’s insurance companies and took it public. He served as AIG’s chairman and CEO until March 2005. Under his nearly 40 years of leadership, AIG grew from an initial market value of $300 million to $180 billion, becoming the largest insurance company in the world.
With Mr….
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