Starr has signed an agreement to acquire IQUW Group, which comprises two Lloyd’s syndicates: IQUW, a specialty re/insurer and ERS, the biggest motor insurer in Lloyd’s. Following the completion of the transaction, which is expected in the first half of 2026 and is subject to regulatory approvals, Peter Bilsby, chief executive officer of IQUW Group, will lead Starr’s international business.