This will allow it to write Lloyd’s business on behalf of Antares Syndicate 1274 from Bermuda
Antares Global Management (Bermuda) has received approval from Lloyd’s to operate as a Lloyd’s in-house coverholder. This will allow it 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, CEO, Antares said: “I am delighted to announce that Antares has been granted this approval by Lloyd’s, which effectively enables us to make all our Lloyd’s product lines much more accessible to brokers. This is one of several initiatives underway to strengthen the business as it continues to expand to meet our ambitious growth targets.”
In September, QIC Global announced it was aligning its core companies under the Antares name, with the brand chosen to reflect the international nature of the wider group’s client base and global operations.
”Being independent of any geographic location, the Antares name provides us with greater flexibility to add new corporate entities and insurance related services, which will help facilitate further growth and our future success,” commented van der Straaten at the time of the announcement.