Global investment and insurance organisation Starr Insurance Holdings has acquired IQUW Group in a bid to expand the latter's classes of business that Starr underwrites, positioning the combined company for growth across a broader range of global market segments.
The move was announced by IQUW Group in a 29 October 2025 press release, which stated that Starr’s managing agency is set to become the ninth-largest agency operating at Lloyd’s following the acquisition.
The transaction is expected to be finalised in the first half of 2026, subject to regulatory approvals and other customary closing conditions. Until then, the firms will operate independently. Terms of the transaction have not been disclosed publicly.
Upon completion, IQUW Group chief executive officer Peter Bilsby will lead Starr’s international business, working closely with Stuart Scott, Starr’s president for the UK and EME, and José Ribeiro, president for APAC and LATAM.
IQUW Group has GWP of approximately $1.9bn and includes two Lloyd’s syndicates: IQUW, a specialty (re)insurer that operates across multiple specialty lines, and ERS, the UK’s largest motor insurer at Lloyd’s. The group also includes IQUW Re Bermuda, its Bermuda-based reinsurance platform.
Outside the Lloyd’s market, Starr writes commercial non-life insurance globally, covering over 170 countries.