Appleby Advises IQUW On Acquisition
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.
A spokesperson said, “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 advising on aspects of all Bermuda law matters including the sale documents, including governance and regulatory matters, and liaising with the Bermuda Monetary Authority.
“Appleby’s Bermuda Managing Partner Brad Adderley, Partner Max Tetlow, Counsel Jane Walker and Associate Milaun Perott are advising on the transaction, working alongside Norton Rose Fulbright LLP.”
