IQUW

Summary

Headquartered in London, UK, IQUW (formerly known as ERS), underwrites motor and specialty insurance across two syndicates within the Lloyd’s of London market. In May 2021, Abry invested alongside Aquiline, a financial services and insurance focused private equity firm, to enable IQUW to expand into a diversified specialty lines portfolio and capitalize on a historic hardening of the insurance market. IQUW is led by an experienced management team, including the former CEO of Talbot, Peter Bilsby, whose prior underwriting track record meaningfully outperformed Lloyd’s market averages over a 10-year period from 2009 to 2018. Since our investment, management has rebranded the specialty lines syndicate as IQUW, which reflects the company’s repositioning as an agile business that will use data and intelligent automation to enhance its underwriting decisions.