Antares Underwriting

What Antares Underwriting does

Antares Underwriting is the international operations platform of Qatar Insurance Group (QIG), a Qatari conglomerate and leading MENA insurer with a 50+ year performance history. Previously branded as QIC Global, Antares has been repositioned as a unified global brand operating through two parallel platforms: a Lloyd's platform via Syndicate 1274 managed by Antares Managing Agency Limited, and a company market platform comprising Antares Reinsurance Company Limited (Bermuda with London and Doha branches), Antares Insurance Company Limited (UK general insurance), QIC Europe Limited (Malta-based EEA MGA), and West Bay Insurance Plc (Gibraltar-based UK motor). The company provides insurance and reinsurance capacity across marine, property, casualty, specialty (including cyber, energy, terrorism, political and financial risks, specie), accident and health, professional indemnity, and motor lines, serving both complex international commercial risks and EEA SME and consumer personal lines.

The technology and infrastructure underpinning Antares is conventional insurance and reinsurance platform architecture: Lloyd's syndicate underwriting, company market vehicles in multiple regulated jurisdictions, and MGA structures for retail and SME distribution. Regional hubs in the UK (Lloyd's), EEA (Malta/Gibraltar), Bermuda, Singapore, and Qatar provide local market access and regulatory licenses. Distribution is intermediated through Lloyd's brokers for commercial and specialty lines, an exclusive arrangement with Markerstudy Insurance Services Limited for UK motor, and MGA partners for EEA SME and personal lines. Revenue mechanics are subscription-recurring through insurance and reinsurance premiums, with pricing determined via individual risk assessment on a quote basis rather than disclosed rates.

The business model centres on deploying QIG's capital across multiple regulated underwriting platforms to diversify risk pools, capture cross-line synergies (e.g., direct and reinsurance of the same classes), and access local markets through jurisdiction-specific entities. The 51–100 employee headcount at the Antares level, combined with wholly-owned subsidiary structure, indicates a lean management and platform company rather than a vertically integrated carrier; front-line underwriting and claims functions sit inside each regulated subsidiary. Strategic momentum is evidenced by a 16% stamp capacity increase at Syndicate 1274 for 2023 (£310mn to £360mn), Bermuda's November 2022 approval to write Lloyd's business, and the addition of newer specialty product lines such as cyber and political risk.

Name

Antares Underwriting

Legal name

Antares Global Management Limited

Website

https://antaresunderwriting.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

Antares Underwriting is the international insurance and reinsurance platform of Qatar Insurance Group, operating Lloyd's Syndicate 1274, company market vehicles, and MGA structures across the UK, EEA, Bermuda, Singapore, and Qatar to underwrite marine, property, casualty, specialty, and motor risks for commercial and consumer clients.

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Premiums: Collection of insurance premiums from commercial, specialty, and personal lines of business including property, casualty, marine, energy, cyber, financial institutions, professional indemnity, and motor coverage.
2. Reinsurance Premiums: Collection of reinsurance premiums for marine, property, casualty, specialty, agriculture, motor, structured and financial risks, credit and surety lines through Antares Re platform.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Antares Underwriting is a multi-platform insurance and reinsurance company that provides local and international risk transfer capacity through Lloyd's Syndicate 1274 and company market platforms. It writes commercial, specialty, and personal lines—including marine, property, casualty, energy, cyber, financial institutions, professional indemnity, motor, agriculture, and structured/credit/surety risks—serving complex international commercial risks as well as SME and consumer personal lines across the UK, EEA, Bermuda, Singapore, and Qatar.

Product overview

Antares is a multi-platform insurance and reinsurance company operating through Lloyd's and company market platforms. The core offering consists of five main operational divisions: Antares at Lloyd's (Syndicate 1274 providing marine, property, casualty and specialty insurance), Antares Re (reinsurance operations covering marine, property, casualty and specialty lines), Antares Europe (SME and personal lines MGA business), West Bay (UK motor insurance), and Antares Insurance Company Limited (UK general insurance). These divisions are supported by regional hubs in the UK, EEA, Bermuda, Singapore and Qatar, enabling the company to serve commercial, specialty and personal lines customers with comprehensive insurance and reinsurance capacity and claims services.

Differentiator

Problem solved

Functional benefit

Products and services

• Antares at Lloyd's

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Markerstudy Insurance Services LimitedcoreChannel Partner/ Reseller/ DistributorExclusive distribution arrangement where West Bay Insurance Plc underwrites UK Motor insurance exclusively through Markerstudy Insurance Services Limited distribution network.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Beazley: Lloyd's-focused specialty insurer with material exposure to marine, property, cyber and political risks — directly comparable to Antares at Lloyd's across product mix and platform.
• Hiscox: Specialty insurer anchored at Lloyd's Syndicate 33 with broad lines including marine, energy, cyber and professional indemnity — overlaps heavily with Antares at Lloyd's book.
• Lancashire Holdings: Bermuda-based specialty insurer/reinsurer writing property, marine, energy and aviation — closely matches Antares Re's Bermuda-domiciled specialty and marine reinsurance offering.
• Aspen Insurance Holdings: Specialty insurer/reinsurer with Lloyd's, Bermuda and US platforms writing property, marine, energy and casualty lines — comparable multi-platform specialty structure to Antares.
• Convex Group: Bermuda-domiciled specialty insurer/reinsurer with Lloyd's participation writing property, marine, energy and casualty — overlaps with Antares Re and Antares at Lloyd's product set.
• Markel International: Markel's London/Lloyd's specialty operation writes marine, energy, professional indemnity and financial institutions — direct overlap with Antares' Lloyd's product lines.
• Brit Insurance: Lloyd's-focused specialty insurer with diversified lines including marine, property, casualty and specialty — comparable platform and book to Antares at Lloyd's.
• Qatar Reinsurance Company: Fellow QIG group entity writing property, marine, energy and specialty reinsurance from Bermuda — closely aligned with Antares Re in domicile, parentage and product mix.

Broad incumbents

• Munich Re: Global reinsurance incumbent writing property, marine, aviation and specialty lines — broader portfolio but overlaps directly with Antares Re's reinsurance offerings.
• Swiss Re: Large global reinsurer active in marine, property, specialty and aviation — competes broadly with Antares Re's treaty and specialty reinsurance book.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Antares Underwriting