American International Group has renamed its subsidiary Starr Excess — which has between 500 and 600 clients in Bermuda — as AIG Cat Excess Liability.

The unit, a property and casualty subsidiary of AIG, “will provide the same catastrophic excess liability products, services and solutions the Starr Excess group provided to the world’s largest clients,” according to a statement by AIG.

In addition, AIG Cat Excess Liability will have the capability to offer policies on an admitted basis.

“The name AIG Cat Excess Liability more accurately reflects who we are and what we do. Using this name will enable us to better leverage the global reach of the AIG brand,” said Geoff Smith, president of AIG Cat Excess Liability.