ERS parent snapped up in deal that will create 9th largest Lloyd’s insurer
Starr has entered into a definitive agreement to acquire ERS owner IQUW Group, a deal which will make it the ninth-largest agency operating at Lloyd’s.
IQUW is currently owned by two private equity firms Aquiline (which first invested in 2015) and Abry Partners (which invested in 2021).
Aquiline carried out a strategic review of its shareholding of ERS in 2018 before deciding not to pursue a sale and continue to invest in the company.
In a statement yesterday the global insurance group Starr said the acquisition of IQUW would “expand the classes of business that [it] underwrites and will position the combined company for growth across a broader
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