IQUW CORPORATE MEMBER LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2027-05-15 (in 1y)
Last made up 2026-05-01
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£202M
USD 270,717,000
+71.4% vs 2024
Employees
—
Average over period
Profit before tax
£100M
USD 134,153,000
+47.5% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Gross written premiums | £1,164,970,472 | £1,341,734,320 | |
| Net earned premiums | £307,367,870 | £362,648,576 | |
| Claims incurred | £158,322,494 | £172,647,828 | |
| Investment return | £17,311,056 | £22,621,664 | |
| Profit before tax | £67,994,319 | £100,286,312 | |
| Net profit | £63,824,475 | £89,860,955 | |
| Insurance contract liabilities | £1,678,798,684 | £1,747,081,558 | |
| Total assets | £3,030,191,373 | £3,386,101,518 | |
| Total liabilities | £2,912,099,125 | £3,183,726,546 | |
| Equity | £118,092,248 | £202,374,972 | |
| Average employees | — | — |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Gross written premiums
+15.2%
£1,164,970,472 £1,341,734,320
-
Net earned premiums
+18%
£307,367,870 £362,648,576
-
Profit before tax
+47.5%
£67,994,319 £100,286,312
-
Equity
+71.4%
£118,092,248 £202,374,972
-
Claims incurred
+9%
£158,322,494 £172,647,828
-
Insurance contract liabilities
+4.1%
£1,678,798,684 £1,747,081,558
-
Investment return
+30.7%
£17,311,056 £22,621,664
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 96.1% | 94.0% |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 4 times since incorporation
- IQUW CORPORATE MEMBER LIMITED 2021-08-31 → present
- ERS CORPORATE MEMBER LIMITED 2014-03-28 → 2021-08-31
- EQUITY RED STAR LIMITED 2009-12-23 → 2014-03-28
- CDCM LIMITED 2003-06-18 → 2009-12-23
- COX DEDICATED CORPORATE MEMBER LIMITED 1994-10-26 → 2003-06-18
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“These financial statements have been prepared on a going concern basis. After making enquiries and having considered the key risks, the Company's 2026 budget and medium-term plans, cash flow forecasts, and the plans for the Syndicates, the directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.”
Significant events
- “During the fourth quarter of 2025, the $170.0 million LOC facility, a syndicated facility split equally between Lloyd's, ING, and NatWest banks, was cancelled. At 31 December 2024, $121.7 million of the facility had been issued but undrawn.”
- “On 29 October 2025, Starr International Company, Inc ("Starr" or "SICO"), a global investment and insurance organisation, announced that it had entered into a definitive agreement to acquire IQUW Holdings Bermuda Limited, the parent company of the IQUW Group and all of its subsidiaries. Starr Insurance and Reinsurance Limited ("SIRL"), a Bermuda exempted company, registered as a class 4 insurance company under the Insurance Act 1978, will be the acquiring entity. Following regulatory approvals and closing conditions being met, the transaction completed on 19 March 2026.”
- “On 1 January 2026, the closing underwriting year of 2023 was reinsured to close ("RITC") into Syndicate 218 and Syndicate 1856; and the Company renewed its QSA with IQUW Re and its external QSA.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SPEVACK, Tracey | Secretary | 2026-01-23 | — | — |
| BILSBY, Peter Antony | Director | 2020-11-25 | May 1969 | British |
| HEXTALL, Richard Anthony | Director | 2022-07-01 | Apr 1968 | British |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADAMS, James David Seton | Secretary | 2015-12-07 | 2017-07-14 |
| CUGGY, Victoria Louise | Secretary | 2005-09-30 | 2015-05-01 |
| FERNANDO, Renuka Shyamalee | Secretary | 2021-08-03 | 2024-07-19 |
| GRIFFIN, Steven Terence Hunter | Secretary | 2014-03-31 | 2015-09-30 |
| GRIFFIN, Steven Terence Hunter | Secretary | 2007-08-31 | 2008-11-03 |
| RINGROSE, Christopher James | Secretary | 1999-03-04 | 2005-09-30 |
| ROSSER, Jill Rowena | Secretary | 1994-10-27 | 1999-03-03 |
| TURNER, David Charles | Secretary | 2017-07-14 | 2021-07-08 |
| FETTER SECRETARIES LIMITED | Corporate Secretary | 1994-10-26 | 1994-10-27 |
| BREWSTER, Richard Mark | Director | 2007-01-31 | 2010-01-15 |
| BREWSTER, Richard Mark | Director | 1997-07-09 | 2002-05-31 |
| CLEGG, Robert Duncan | Director | 2001-02-12 | 2005-06-24 |
| CLEGG, Robert Duncan | Director | 1994-11-07 | 2001-09-25 |
| COLTHURST, Henry Nicholas | Director | 2005-06-24 | 2007-02-28 |
| DAWSON, Michael George | Director | 1994-10-27 | 2003-05-31 |
| FOY, Ian Russell | Director | 2010-10-01 | 2013-04-19 |
| GIBSON, Andrew James | Director | 2010-01-15 | 2013-11-07 |
| GOODMAN, Louis | Director | 2002-02-12 | 2005-06-24 |
| MARSHALL, Walter Charles, Lord | Director | 1994-10-27 | 1996-01-23 |
| MORGAN, Douglas Michael | Director | 2007-01-31 | 2010-09-30 |
| MORLEY, James | Director | 2002-06-26 | 2005-06-24 |
| NICE, Richard Frederick | Director | 2005-06-24 | 2007-01-31 |
| OWEN, Peter Edward | Director | 2002-02-12 | 2005-06-24 |
| PARKER, Ian David | Director | 2013-04-19 | 2020-11-30 |
| UTLEY, Neil Alan | Director | 2001-09-25 | 2001-11-09 |
| WADE, Katharine Anne | Director | 2013-11-07 | 2019-08-16 |
| WARREN, Ryan Richard | Director | 2019-08-15 | 2022-06-30 |
| WILLS, Richard Frederick De Leigh | Director | 1994-10-27 | 1997-11-24 |
| FETTER INCORPORATIONS LIMITED | Corporate Director | 1994-10-26 | 1994-10-27 |
| FETTER SECRETARIES LIMITED | Corporate Director | 1994-10-26 | 1995-10-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Starr Uk Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 306 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-18 | AA | accounts | Accounts with accounts type full | |
| 2026-04-09 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-26 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-01-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-06-03 | AA | accounts | Accounts with accounts type full | |
| 2025-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-06-21 | AA | accounts | Accounts with accounts type full | |
| 2024-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-01 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-07-14 | AA | accounts | Accounts with accounts type full | |
| 2023-05-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-04 | AD02 | address | Change sail address company with old address new address | |
| 2022-11-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-07-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-27 | AA | accounts | Accounts with accounts type full | |
| 2022-05-13 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.