Starr Insurance has completed its acquisition of IQUW Group, creating a more diversified global specialty underwriting platform spanning London, Bermuda and UK retail motor markets.

The combined business will serve a broader range of clients and brokers across specialist insurance classes, strengthening Starr’s presence in the London market and establishing its managing agency as the ninth-largest at Lloyd’s. The integration is expected to enhance underwriting capabilities while maintaining a strong focus on broker service, rapid decision-making and capital strength.

A key outcome of the transaction is the expansion of Starr’s reinsurance operations. IQUW Re Bermuda and the group’s London reinsurance activities will now operate under the Starr Re brand, strengthening the company’s inward reinsurance capabilities and enabling more flexible capital deployment across market cycles.

In 2025, IQUW Group generated $1.88 billion in gross written premiums across its syndicates and Bermuda operations. While ERS will retain its established UK motor brand, other entities including Syndicate 1856 will transition under the Starr brand, further consolidating the group’s specialty underwriting footprint.

Leadership from both organisations highlighted the strategic value of the deal, emphasising increased scale, broader product offerings and improved global reach. The acquisition has received all necessary regulatory approvals, though financial terms were not disclosed.

Executives said the enlarged platform will be better positioned to compete globally, leveraging combined underwriting expertise and capital strength to support long-term growth across specialty insurance markets.