Starr has acquired IQUW Group for an undisclosed amount, completing a corporate purchase that significantly expands Starr’s capabilities in global Property and Specialty (re)insurance. IQUW Group, with operations in London and Bermuda, is a global (re)insurer recognized for its innovative approach to risk. The company combines data, intelligent automation, and human expertise to make fast, informed decisions, simplifying complex risks for its network of brokers.
IQUW’s comprehensive portfolio includes Aviation, Directors & Officers, Crisis Management, Cyber, Energy, Marine, alongside Property and Specialty insurance and reinsurance products. Their model emphasizes rapid responses, initial risk assessments, and offering alternative perspectives to support brokers in making swift, confident placement decisions. In 2024, IQUW facilitated over US$1.1 billion in premium, a 22% year-on-year increase, reflecting its robust growth. The company’s credibility is underpinned by an A+ Lloyd’s rating, an A- Bermuda rating, and the Gracechurch Service Quality Marque 2025.
This strategic acquisition is designed to strengthen Starr’s market position and expand its global offering across critical specialty sectors. The integration of IQUW’s advanced, data-driven underwriting platform and its established international presence in key insurance hubs like London and Bermuda is expected to generate substantial synergies. Starr aims to leverage IQUW’s specialized expertise in areas such as political violence and financial institutions, along with its commitment to technological integration, to enhance its own diverse range of risk solutions.
The purchase represents a clear commitment by Starr to deepen its underwriting capabilities and broaden its geographic footprint. The combined entity is anticipated to deliver an even wider array of sophisticated insurance and reinsurance products, supported by enhanced service delivery and decision-making processes. This consolidation is poised to create a more powerful and adaptive global provider, well-positioned for future expansion and continued innovation in the evolving insurance landscape.