The reinsurer's 2024 return-on-equity of 14.2% and combined ratio of 92.8% underscored its ability to maintain profitability despite higher catastrophe losses and reduced Lloyd’s participation.
Deal will make Starr the ninth-largest managing agency at Lloyd’s, with IQUW CEO Peter Bilsby set to lead Starr’s international business, including APAC.
Premiums placed by intermediaries rose to A$21.5bn in the first half, led by a rise in unauthorised foreign insurers, though APRA-authorised carriers continue to hold the lion’s share of premiums.
