On December 8, 2016, the China Insurance Regulatory Commission approved the establishment of Starr Insurance Ltd Hubei branch which is another enterprise that YRIC introduce to settle in Hubei.

The U.S. Starr Group signed a strategic cooperation agreement with the Hubei provincial government

Starr Property Insurance is a brand company led by Mr. Greenberg, Honorary President of YRIC and President of the board of directors of the U.S. Starr Group which is also the first successful case that changed from a Shanghai state-owned insurance company to 95% foreign company and Mr. Greenberg planed to make it to be the second AIG.

Honorary President of YRIC Mr. Greenberg and Executive President of YRIC Mr. Liu Meng

Called “the Godfather of world financial insurance”, Honorary President of YRIC Mr. Greenberg is former president of American International Group (AIG). Under his leadership of the past 40 years, the market value of AIG rose from $300 million to $200 billion, becoming the American largest commercial and industrial insurance company and also one of the world's largest insurance companies. Honorary President of YRIC Mr. Greenberg introduced the first foreign China insurance and a subsidiary of AIG AIA to settle in Shanghai and promoted PICC to be listed overseas. In March 2005, Mr. Greenberg resigned fromAIG and focused on operating The Atarr Group.