Reinsurance News
Antares
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
Antares names Kevin Wenzel as Chief Financial Officer
4th January 2024
Antares Global, the multinational group of insurance and related service companies, revealed the appointment of Kevin Wenzel as their new Chief Financial Officer (CFO). Wenzel, with an impressive career spanning over 30 years, is set to bring a wealth of experience to his new role, the company noted. Having recently served as ... Read the full article
Grenville joins Antares Syndicate 1274 as A&H Class underwriter
28th March 2023
QIC subsidiary Antares Managing Agency has announced the appointment of Oden Grenville as Antares Syndicate 1274’s Accident and Health Class underwriter. Bringing more than 15 years’ of experience to his new role, Grenville is to start his tenure at Antares in April 2023, and will report to Martin Campbell, Head of ... Read the full article
Antares strengthens team with host of executive promotions
8th February 2023
Antares Global has announced the promotions of Faraz Khalid as Global Chief Risk Officer and James Linsao as Global Chief Operating Officer, effective immediately. Antares notes that the promotions will further strengthen its strategic plans to add new insurance underwriting and related services for the UK domestic and international markets. The firm ... Read the full article
Antares promotes Eddie Hughes to Head of Reinsurance
12th January 2023
QIC subsidiary Antares Managing Agency has announced the promotion of Eddie Hughes to Head of Reinsurance for Antares at Lloyd’s, effective immediately. Hughes brings more than 17 years of experience to the role, which spans across Antares Managing Agency Ltd and Antares Syndicate 1274. He previously served as class underwriter, marine and ... Read the full article
AM Best downgrades QIC and Antares Re credit ratings
16th December 2022
AM Best has downgraded the credit ratings of Qatar Insurance Company Q.S.P.C. (QIC) , and its subsidiary Antares Re. The outlook of these ratings has been revised to stable from negative. The rating agency said it was switching the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term ... Read the full article
Antares Global Management Bermuda approved as Lloyd’s coverholder
15th November 2022
Antares Global Management (AGML Bermuda) has received approval from Lloyd’s to operate as a Lloyd’s in-house coverholder. This will enable AGML Bermuda to write Lloyd’s business on behalf of Antares Syndicate 1274 from Bermuda, in addition to the managing agent’s operations in Singapore, Antares Underwriting Asia Pte Limited. Michael van der Straaten, ... Read the full article
Antares receives Lloyd’s approval for 16% stamp increase in 2023
26th October 2022
QIC subsidiary Antares Managing Agency has announced that Antares Syndicate 1274’s 2023 business plan has received formal approval from the Lloyd’s Capital and Planning Group. Syndicate 1274’s Syndicate Business Forecast includes a 16% increase in stamp capacity for 2023 from £310mn to £360mn. The increase reflects the current market environment, says Antares, ... Read the full article
QIC Global to align core companies under Antares name
30th September 2022
Specialty re/insurer QIC Global, the subsidiary of Qatar Insurance Group, has announced its intention to align its core companies under the Antares name, creating a single identity to unify the brand across respective entities. According to the announcement, the Antares brand - the name of QIC Global’s London and Asia-based Lloyd’s ... Read the full article
Antares tops JP Morgan’s Lloyd’s Peer Analysis for investment performance
28th September 2022
QIC Group subsidiary Antares has announced that Antares Syndicate 1274 has been ranked first for investment performance based on three-year average investment return over the period from FY 2019 to 2021 according to JP Morgan Asset Management’s Lloyd’s Peer Analysis. According to the firm, it achieved an average annual investment return ... Read the full article
Antares places Lloyd’s China operation into run-off
3rd February 2021
Antares, the Lloyd’s specialist re/insurance subsidiary of QIC Global, has placed Syndicate 1274’s Lloyd’s China operation into run-off. Antares will cease accepting new/renewal business through the Lloyd’s China platform from March 1. Moving forward, Chinese business will be written out of Antares Singapore. Existing policies will continue to provide cover on existing terms ... Read the full article
QIC announces Antares executive team hires
19th November 2020
Specialty re/insurer QIC Global, the subsidiary of Qatar Insurance Group has appointed Mark Graham Chief Executive Officer of Antares Managing Agency. Before joining Antares, Graham chaired the Solvency II Committee for the Lloyd’s Market Association and headed his own London market-based company, Acuitas Consulting, which provided strategic and operational advice to ... Read the full article
QIC Global promotes Alexander Craggs to CEO at Antares
8th July 2020
QIC Global, the international specialty re/insurance arm of Qatar Insurance Group, has named Alexander Craggs as acting Chief Executive Officer (CEO) and Jim Lye as Active Underwriter, respectively, at Antares Syndicate 1274, effective July 7th, 2020. In their new roles, Craggs will report to Michael van der Straaten, Chief Executive Officer ... Read the full article
Singapore announces intellectual property insurance initiative with Antares
17th June 2019
The Intellectual Property Office of Singapore (IPOS), in collaboration with Lloyd’s Asia and Antares Underwriting Asia, has announced a new intellectual property (IP) insurance initiative to support businesses as they enter global markets. The Intellectual Property Insurance Initiative for Innovators (IPIII) aims to provide businesses with insurance coverage for legal expenses ... Read the full article