Encore Capital Group, Inc. Announces Pricing of Upsized Senior Secured Notes Offering
Encore Capital Group
May 11, 2026

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Starr has completed its acquisition of IQUW Group, combining the businesses into a larger specialty re/insurance platform spanning the London market, Bermuda, and UK motor. The addition of IQUW’s managing agency increases Starr’s scale at Lloyd’s of London, making it the ninth-largest managing agent in the market.
Reinsurance operations are consolidated under the Starr Re brand, with IQUW’s Bermuda-based reinsurer and its London market reinsurance activities operating under Starr Re. In 2025, IQUW Group reported gross written premium of $1.88 billion across IQUW Syndicate 1856, ERS (Syndicate 218), and IQUW Re Bermuda. Syndicate 1856 will be rebranded under Starr, while ERS continues under its existing UK motor insurer brand. The transaction received all required regulatory approvals.
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