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American International Group Inc., one of the nation’s largest insurers, is sparring again with its former chairman, Maurice “Hank” Greenberg.

ÌìÃÀÍøÕ¾´«Ã½´«Ã½ announced that it is canceling its “agency arrangement” with the American International Marine Agency, a subsidiary of the Greenberg-controlled C.V. Starr & Co. Inc., effective Dec. 31. AIMA specializes in ocean marine insurance, including cargo coverage.

ÌìÃÀÍøÕ¾´«Ã½´«Ã½ also said it was establishing a new division, to be called ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Global Marine and Energy, to service the insurance, risk management and other needs of marine and energy insurance clients.

Last Friday, Starr announced that its AIMA subsidiary had notified ÌìÃÀÍøÕ¾´«Ã½´«Ã½ “of its intention to terminate the agency’s relationship with the (ÌìÃÀÍøÕ¾´«Ã½´«Ã½) insurance company effective Jan. 1.”

Starr said in a statement the companies’ contract called for a six-month notice of cancellation.

“We look forward to serving new underwriters next year and building upon our reputation for delivering best in class solutions,” AIMA President David French said in the statement.

Greenberg was forced out of ÌìÃÀÍøÕ¾´«Ã½´«Ã½ in March 2005 amid a widening regulatory investigation into ÌìÃÀÍøÕ¾´«Ã½´«Ã½’s accounting.

In recent months, ÌìÃÀÍøÕ¾´«Ã½´«Ã½ and Starr have been fighting in court over specialty insurance business that ÌìÃÀÍøÕ¾´«Ã½´«Ã½ underwrote for clients handled by Starr. ÌìÃÀÍøÕ¾´«Ã½´«Ã½ has accused Starr of trying to take its aviation, technology and excess liability customers away. Meanwhile, Starr has sought relationships with insurance companies other than ÌìÃÀÍøÕ¾´«Ã½´«Ã½ to underwrite new policies in these fields.

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