Reinsurance News
Antares
Distinguished Programs expands into reinsurance market with new Antares Re-backed platform
9th June 2026
National MGA and insurance program manager Distinguished Programs has expanded into the reinsurance market with the addition of Distinguished Reinsurance (DistinguishedRe), a new platform focused on property reinsurance, led by Frank DiPaola. With more than 25 years of reinsurance experience, DiPaola will serve as President of DistinguishedRe Property, leading a dedicated ... Read the full article
PV insurance market can expect further ‘significant claims’ as Middle East conflict persists: Selwyn, Antares
5th June 2026
The political violence (PV) insurance market faces intensifying pressure in the Middle East with escalating military actions threatening to disrupt commercial operations, leading to further "significant claims" from Gulf states as PV business written before late February remains on risk, warns Antares' Wesley Selwyn. In a recent commentary, Selwyn, Class Underwriter ... Read the full article
Antares names Sri Ram Pappu as Deputy CEO
13th May 2026
Antares, a subsidiary of QIC Global, has announced the promotion of Sri Ram Pappu to Deputy Chief Executive Officer (CEO). In his new role, Sri will support Li Shan Yeo, CEO of Antares Underwriting Asia Pte Limited, in driving the company’s continued growth. He brings more than two decades of industry experience, ... Read the full article
Antares’ Commercial premiums rise 11.4% as overall CoR improves in 2025
6th March 2026
Antares Group, the UK- and Bermuda-based insurer owned by Qatar Insurance Group, announced that its Commercial division, comprising Lloyd’s Syndicate 1274 and the Antares Reinsurance business in Bermuda, saw premiums rise 11.4% year-on-year to $869 million in 2025. In 2024, Antares restructured its business into three divisions, with its core operations ... Read the full article
Antares promotes Ina Salillari to Reinsurance Purchasing Lead
3rd March 2026
Antares Global, a specialist Lloyd’s syndicate known for providing tailored marine, aviation, and property insurance solutions, has promoted Ina Salillari to Reinsurance Purchasing Lead, Retail - Business Development. She joined the syndicate in 2020 as a Reinsurance Technician, later becoming Senior Reinsurance Technician, before taking on her most recent role as ... Read the full article
Balance of power ‘slowly shifting back towards buyers’ ahead of Jan ’26 renewals: Antares CEO
21st August 2025
Mike van der Straaten, Chief Executive Officer of Antares Global, a provider of insurance and reinsurance capacity, has said that the balance of power is shifting back towards buyers of reinsurance, with greater competition and gradually returning capacity poised to put downward pressure on rates ahead of the January 1st, ... Read the full article
Antares Syndicate posts H1’25 profit as GWP expand to $369m
13th August 2025
Antares Syndicate 1274 at Lloyd’s, which writes Property, Casualty, Marine and Specialty insurance and reinsurance, has reported a UK GAAP profit of $42 million for H1 2025, up from $41 million in H1 2024. During H1 2025, the syndicate also achieved a net combined ratio of 96.3% on gross written premiums ... Read the full article
Ascot & Antares Capital to launch Bermuda-based reinsurance sidecar, Wayfare Re
31st July 2025
Global specialty re/insurance firm Ascot Group Limited and alternative credit manager Antares Capital have partnered to launch Wayfare Reinsurance Limited, a Bermuda-based reinsurance sidecar, together with Canro Re Limited, a Bermuda-based segregated account company (collectively Wayfare Re). Wayfare Re will be capitalised with about $500 million in equity from Antares and ... Read the full article
Ascot & Antares Capital reportedly partnering on $500m reinsurance sidecar Wayfare Re
31st July 2025
Insurer and reinsurer Ascot Group is reportedly partnering with Antares Capital, a private-credit firm, on a $500 million transaction to create a Bermuda-based reinsurance sidecar called Wayfare Reinsurance, according to a report by The Wall Street Journal. It's been reported that the new reinsurance sidecar will be capitalised via equity investments ... Read the full article
Antares reports GWP growth of 54% to $1.1bn in 2024
4th April 2025
Qatar Insurance Group’s UK and Bermuda-domiciled insurance subsidiary, Antares Group, recorded 54% year-on-year growth in gross written premiums (GWP) for 2024 in its core ongoing business to $1.1 billion, boosted by the addition of a sizeable reinsurance transaction. Organic premium growth, so excluding the reinsurance deal, was 15%. During 2024, profits from ... Read the full article
Antares announces Commercial Division leadership team
5th December 2024
Antares Global Management Limited has announced its leadership structure for the newly created Commercial Division, consisting of Syndicate 1274 and Bermuda-based Antares Re, through new appointments. The division is headed by Mark Graham, CEO of the Antares Commercial Division. He will be supported by a leadership team of three Divisional Heads, ... Read the full article
Antares restructures business unit alongside UK insurer launch
4th November 2024
Antares Global, the multinational group of insurance and related service companies, has announced the restructure of its underwriting operations, aligning all its business units within two streams of operation, Retail and Commercial. The changes, driven by two years of reorganisation and investment, have delivered impressive financial results, Antares highlights. With separate underwriting ... Read the full article
Antares syndicate reports H1’24 profit of $41m
27th August 2024
Antares Syndicate 1274, the re/insurance subsidiary in the Lloyd’s market of QIC’s Antares Global, has disclosed a positive H1 2024 result, with a UK GAAP profit of $41 million. During the first half of 2024, the syndicate recorded a net combined ratio of 87.7% and gross written premiums of $317 million. Jim ... Read the full article
Antares syndicate launches credit & political risks consortium with $40m maximum line
8th April 2024
Antares Syndicate 1274, the re/insurance subsidiary in the Lloyd's market of QIC's Antares Global, has launched a consortium for the underwriting of credit and political risk insurance. The consortium, already actively considering submissions, draws on the established credit risk expertise and respected analytical capabilities of Antares’ political & financial risk team. Initially, ... Read the full article
Antares Syndicate 1274 reports record profits in 2023
12th March 2024
Antares Syndicate 1274, the re/insurance subsidiary in the Lloyd's market of QIC's Antares Global, has seen improved financial results in 2023 with a 8.1% gross written premiums (GWP) growth and an improved combined ratio of 89.2%. This year, the company saw GWP of $600mn, compared to the $555mn reported in 2022, ... Read the full article
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