IQUW

Founded in 2021, IQUW built its platform around Lloyd’s Syndicate 1856 and IQUW Re Bermuda. Starr agreed to acquire the group in October 2025 and has since completed the acquisition; IQUW now trades under the Starr brand.

IQUW underwrites property, reinsurance, marine and aviation, professional lines, motor and specialty risks including cyber, political risk, terrorism and crisis management. Its business is broker-led and combines specialist underwriting with data, automation and technology.

The strongest evidence of scale is Syndicate 1856’s 2025 performance: $1.32 billion of gross premium written, a $229.8 million profit and an 83.2% combined operating ratio. For a MiM student, the firm offers exposure to underwriting, claims, actuarial, analytics, operations and specialty insurance markets rather than traditional investment banking or asset management.