Bermuda and London, 30th April 2026 - Starr’s new Bermuda reinsurer, IQUW Re Bermuda Limited, today announced that global credit rating AM Best has upgraded its Financial Strength Rating to A (Excellent) and its long-term issuer credit to a+ (Excellent). The outlook for both credit ratings is positive.
IQUW Re Bermuda Limited was initially assigned an A- rating from AM Best in March 2025 and was placed under review, with positive implications, following the acquisition by Starr earlier this year.
The rating upgrade reflects Starr’s strong balance sheet and disciplined underwriting approach across its global underwriting operations. AM Best cited the operating performance, financial flexibility, capital resources and market profile of Starr as key factors supporting the positive rating change.
“AM Best’s A rating is an important endorsement of our Bermuda platform” commented Peter Bilsby, president of international at Starr: “It reflects our capital position, disciplined underwriting, and long-term focus on building a stable, globally diversified underwriting organization. This enhancement underscores Starr’s ability to provide meaningful capacity and dependable long-term partnerships, supported by responsive, empowered underwriting teams.”
Starr operates a diversified global specialty (re)insurance platform with underwriting operations across the United States, London market, Bermuda, Europe, Asia and Latin America, serving clients and brokers across multiple territories and lines of business.
Jeff Greenberg, chairman and co-CEO of Starr, added: “This upgrade reinforces the confidence brokers and clients can place in Starr’s global platform. It demonstrates the depth of our balance sheet, our global reach and the value of experienced teams delivering clarity and consistency in the market.”
