APPLEBY BERMUDA ADVISED ON THE ACQUISITION OF IQUW BY STARR

APPLEBY BERMUDA ADVISED ON THE ACQUISITION OF IQUW BY STARR

Appleby is acting as Bermuda counsel to IQUW Group (IQUW), a leading specialty insurer and reinsurer, on its acquisition by Starr, a global investment and insurance organization.

IQUW Group has gross written premiums of approximately $1.9 billion and includes two Lloyd’s syndicates: IQUW, a specialty (re)insurer that operates across multiple specialty lines and ERS, the U.K.’s largest motor insurer at Lloyd’s, as well as IQUW Re Bermuda, its Bermuda-based reinsurance platform. The acquisition will bring together Starr’s specialty insurance and reinsurance capabilities with IQUW Group’s strong market presence and complementary portfolio, creating one of the most diversified platforms at Lloyd’s. The transaction is expected to close in the first half of 2026, subject to regulatory approvals and other customary closing conditions.

Appleby’s role includes advised on aspects of all Bermuda law matters including the sale documents, including governance and regulatory matters, and liaising with the Bermuda Monetary Authority.

The Appleby’s Bermuda team was led by Brad Adderley (Managing Partner), Max Tetlow (Partner), Jane Walker (Counsel) and Milaun Perott (Associate) are advised on the transaction, working alongside Norton Rose Fulbright LLP.

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