Global investment and insurance organization Starr has completed the acquisition of IQUW Group, creating a broader and more diversified specialist re/insurance platform with expanded capabilities in the London market, Bermuda and the UK retail automotive sector.
Starr said that by acquiring IQUW, the company has strengthened its position in London and built its management agency into the ninth largest at Lloyds.
The company also highlighted its “significantly enhanced” reinsurance capabilities, noting that IQUW Re Bermuda and IQUW’s London reinsurance business will now operate as Starr Re.
The new branded entity will underwrite in-house reinsurance business, enhancing Starr’s ability to offer a diversified portfolio across multiple geographies and business lines.
Starr Re will benefit from the group’s capital strength, enabling thoughtful deployment of capital across market cycles and enabling the company to better serve clients across the reinsurance market.
In 2025, IQUW underwritten GWP of $1.88 billion, including business underwritten by IQUW (Syndicate 1856), ERS (Syndicate 218) (the UK’s largest Lloyd’s specialist motor insurer) and IQUW Re Bermuda (now Starr Re).
Syndicate 1856 will be renamed Starr, while ERS will continue to trade under its existing brand given its strength and established position. Starr’s Syndicate 1919’s branding will not change.
Jeff Greenberg, Starr’s Chairman and Co-Chief Executive Officer, commented: “The completion of this transaction advances Starr’s strategy to build a global, diversified, best-in-class underwriting business. I am pleased to welcome our new colleagues to Starr.
“Together we have created a larger, more resilient platform with the scale and expertise to compete and win in global markets and achieve sustainable long-term growth.”
“We are excited to bring together our talented people to ensure our clients and brokers receive the same seamless support and access to a broader range of specialized solutions,” said Steve Blakey, president and CEO of Starr Insurance Holdings.
“As a combined organization, we remain relentlessly committed to providing exceptional service to our brokers and clients in every aspect of our business.”
Peter Bilsby, who will lead Starr’s international business, added: “The completion of this transaction is a proud moment for everyone who has contributed to building IQUW Group since its inception.
“From the beginning, our goal has been to create a high-performance professional platform defined by great people and market-leading data and technology. Now, as part of Starr, we can leverage the advantages of being part of a stronger, more diverse global organization.”
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