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.
The initiative seeks to strengthen regional access to cyber reinsurance by connecting APAC cedants with global capacity through a flexible, scalable framework.
Chief Regional Officer Javier Sánchez Cea aims to raise life from less than 5% to 20% of APAC premiums by building local teams and leveraging non-life ties.
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.
