Property, commercial and specialty re/insurer IQUW has acquired Agora Syndicate Holdings Ltd and its subsidiaries which provide underwriting services to Lloyd’s Syndicate 3268. The deal is subject to regulatory approval.

The addition of Agora’s business will boost IQUW’s existing, property direct and facultative, treaty and binder products and enhance its position within Lloyd’s property markets.

Peter Bilsby , IQUW group chief executive officer, said: “We have made tremendous progress in the last year as we have continued to build out IQUW into a diverse, multi-line specialty (re)insurer. I am delighted to have closed this acquisition, subject to approvals, and to welcome the Agora team to IQUW.

“The opportunity for us to combine Agora’s business with IQUW’s significantly accelerates our growth strategy and allows us to take advantage of a hardening property market at a strategically important time in the cycle.”

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