LTR: Stephen Shore, Maurice R. Greenberg, Richard Phillips
ATLANTA, April 13, 2023 (GLOBE NEWSWIRE) — The University System of Georgia Board of Regents has renamed the Georgia State University Department of Risk Management and Insurance to Morris R. Endorsed by the 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 at-risk education program and elevate the highly respected program’s status globally. Maurice R. Greenberg is chairman of The Star Foundation and chairman and CEO of Star Insurance Company.
The transformative gift to Georgia State’s J. Mack is the largest in the history of the Robinson College of Business. It will be used:
Establish an honors scholarship to recruit promising scholars across the United States
Create a certificate program for students who are not at-risk science majors
Create a new physical space to house the risk science unit
Recruit additional talented faculty and staff for the unit’s programs
President M. while announcing the gift on January 24. “We are deeply grateful to the STAR Foundation for investing in one of the University’s top-performing and most prestigious departments,” said Brian Blake. “This gift ensures our risk management and insurance. The programs will continue to produce incredible graduates and outstanding research, all while honoring a legendary insurance executive.”
The Starr Foundation was founded in 1955 by Cornelius Vander Starr, an insurance entrepreneur who founded CV 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 Chairman and CEO of AIG until March 2005. During his nearly 40 years at the helm, AIG grew from an initial market value of $300 million to $180 billion to become the world’s largest insurance company.
As Mr. Greenberg’s chairman, the STAR Foundation has awarded more than $4.0 billion to many academic, medical, cultural, and public policy organizations worldwide.
“The commercial insurance industry – a driver of the global economy – must be committed to attracting and nurturing the best and brightest young leaders. Helping Georgia State build one of the best insurance programs in the country will ensure that,” said Mr. Greenberg.
The Star Foundation President Florence A. “The STAR Foundation is honored to provide scholarship support for Georgia State students at an important time in their lives,” said Davis.
Morris R. of Georgia State. The Greenberg School of Risk Science has been leading risk and insurance education and research for nearly 70 years. Originally created as an insurance department, its graduate program is currently ranked No. 4 in the nation, according to US News & World Report, and the Morris R. The Greenberg School of Risk Science is ranked No. 3 for actuarial science research productivity among all North American business schools.
“Our focus on new technologies and how we respond to a changing industry has made us a national leader in the study of risk,” said Richard Phillips, dean of Robinson College. “Maurice R. Becoming a Greenberg School of Risk Science will allow our researchers to expand on questions related to complex risk challenges.”
“This gift provides resources to recruit top-tier students, build a university-wide talent development pipeline, and create a research environment to address the future risk-related needs of consumers, organizations and society,” said Stephen Shore, who led Morris R. Greenberg School of Risk Science. “We are excited to prepare students for successful careers in high-demand, risk-related fields on a scale we could only previously dream of, and we are deeply grateful for the support of Mr. Greenberg and the STAR Foundation.”
J. of Georgia State University. Morris R. Mac Robinson College of Business. To learn more about the Greenberg School of Risk Science, visit https://robinson.gsu.edu/risk-science.
CONTACT: Jenifer Shockley J. Mack Robinson College of Business 404-413-7078 [email protected]