Lloyd’s syndicate Arcus 1856 has announced that it has rebranded itself as IQUW.
The rebrand follows recent confirmation of IQUW’s mid-year pre-emption approval, which has seen its stamp capacity increase by 65%, enabling it to grow across existing and new lines of business – including marine and energy; terror and war; cargo; professional lines; property; cyber; specialty reinsurance (counting aviation and marine); and property reinsurance.
Read more: ERS advances expansion plans
In a statement, IQUW said that the new identity “is a shift from the syndicate’s previous branding and repositions the company as it pivots into an agile business that will use data and intelligent automation to enhance its underwriting decisions.”
IQUW is managed by Arch Managing Agency Limited but is backed by specialist insurer ERS following a transaction in December 2020 which saw the firm acquire the syndicate’s capacity.
“I’m excited to launch IQUW as we continue to evolve our business. The new branding begins to bring our strategy to life as we build new ways to manage our clients’ most complex risks by transitioning into an agile business with data analytics and automation at its core,” said Peter Bilsby, group chief executive officer of ERS. “We have made a tremendous amount of progress in a very short space of time. Having raised further capital, gained approval to write new lines of business, successfully recruited some of the best talent in the industry and received pre-emption for an increase in stamp capacity, we are now ready to take our next steps forward as IQUW.”
