IQUW set to acquire Agora to accelerate growth

20 Oct 2021 by Jonathan Watson

Property, Commercial and Specialty (re)insurer IQUW has today announced its intention to acquire Agora Holdings and its subsidiaries, the Group responsible for providing underwriting services to Agora, Lloyd’s syndicate 3268. Discussions to close the transaction are advanced and expected to complete in the coming days, subject to regulatory and Lloyd’s approval.

The proposed transaction will see Agora’s Property Insurance and Reinsurance businesses form part of IQUW’s portfolio and the Agora team join the IQUW Property Insurance and Reinsurance teams, headed by incoming Head of Property Simon Jackson and Reinsurance CEO, Stephen Young respectively.

Combining Agora’s business with IQUW’s existing Property portfolios will create one of Lloyd’s leading property markets, accelerating IQUW’s strategy to deliver a full-service Property proposition alongside its continued Commercial and Specialty build out.

At this stage, there can be no assurance that any agreement will be reached or that a transaction will be consummated. Further updates will be provided when available.