Antares

What Antares does

Antares is the international insurance and reinsurance arm of Qatar Insurance Group (QIC), providing local and international capacity, risk transfer solutions and underwriting services through both Lloyd's and company market platforms. Headquartered in London at 21 Lime Street and operating from regional hubs in the UK, EEA (Malta), Bermuda, Singapore, Gibraltar and Qatar, the group writes a diverse range of commercial, specialty and personal lines spanning marine, property, casualty, accident and health, cyber, energy, financial institutions, political risk, specie, terrorism and structured/credit/surety. Distribution is intermediated: Syndicate 1274 writes through Lloyd's brokers, Antares Re cedes reinsurance globally from Bermuda, Antares Insurance Company underwrites UK general insurance, Antares Europe (QIC Europe) handles EEA SME/personal lines, and West Bay writes UK motor exclusively through Markerstudy.

The company generates revenue primarily through insurance and reinsurance premiums, with all major revenue streams classified as subscription/recurring. In 2025, total premium across the group reached $1,080m, with the Commercial division (Syndicate 1274 + Antares Re) at $869m (+11.4% YoY) and the Retail division at $100m (more than doubled in its second year). The undiscounted Combined Operating Ratio improved 1.8 points to 91.2%, Syndicate 1274 posted a 96.3% H1 2025 net combined ratio, and the commercial division's 87.7% COR has outperformed the Lloyd's market every year since 2020. Antares represents approximately 40% of QIC Group revenue and roughly half of group profit.

Following its 2023 rebranding from QIC Global, Antares was restructured in 2024 into three divisions — Commercial, Retail and Legacy — to separate growing core underwriting from run-off management. Distribution is being extended via the Scorpius MGA platform (launched 2026) for managing general agents, the DistinguishedRe platform (launched 2026) for US property reinsurance, and a Commercial initiative targeting over $100m GWP across the BEAT, CFC and Africa Specialty Risks syndicates. Technology stack details are not publicly disclosed; the only documented research asset is a University of Surrey collaboration on quantum machine learning for motor insurance data analysis.

Name

Antares

Legal name

Antares Global Management Limited

Website

https://antaresglobal.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

Antares is the international insurance and reinsurance arm of Qatar Insurance Group, providing capacity and risk transfer across marine, property, casualty, specialty and personal lines through Lloyd's Syndicate 1274, Antares Re, Antares Insurance Company and EEA/MENA platforms.

Ownership category

akta.pro rank

Product category

Insurance and Reinsurance

NAICS

Insurance Carriers (5241), Other Insurance Related Activities (52429)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

akta.pro secondary industries

Aviation Cargo & Ground Handling Insurance (FSAJAHAE), Cargo Insurance Placement & Policy Administration (All-Risk, ICC A/B/C) (TLACAHAG)

Keywords

• Insurance capacity
• Reinsurance solutions
• Risk transfer
• Specialty insurance
• Commercial underwriting

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premium Revenue: Antares generates revenue primarily through insurance and reinsurance premiums. The company writes a diverse range of commercial, specialty and personal lines of business, collecting premiums from policyholders in exchange for coverage.
2. Reinsurance Premiums: Antares Reinsurance Company Limited writes major lines of marine, property, casualty and specialty reinsurance business from Bermuda with branches in London and Doha, generating revenue from reinsurance premiums.
3. Managing General Agent Services: Revenue generated through platforms like Scorpius MGA that provide underwriting capacity, operational support, and governance services to managing general agents.

Go-to-market motion3 records

Distribution channels7 records

Marketing channels4 records

Core offering

Antares provides local and international insurance and reinsurance capacity and risk transfer solutions through Lloyd's and company market platforms. The group writes commercial, specialty and personal lines across marine, property, casualty, energy, cyber, financial institutions and motor, distributed via Lloyd's Syndicate 1274, Antares Re, Antares Insurance Company Limited, Antares Europe, and West Bay Insurance.

Product overview

Antares is a multinational insurance and reinsurance group providing local and international insurance and reinsurance capacity, risk transfer solutions, and products through Lloyd's and company market platforms. The company operates through four main divisions: Antares at Lloyd's (Syndicate 1274) offering marine, property, casualty and specialty insurance; Antares Re providing reinsurance from Bermuda; Antares Insurance Company Limited for UK general insurance; and Antares Europe for SME and personal lines MGA business across the EEA. The product portfolio includes 17 Lloyd's insurance lines (Accident & Health, Cargo, Casualty Treaty, Cyber & Technology, Energy, Financial Institutions, Management & Transaction Liability, Marine Excess of Loss, Marine Hull & War, Marine Liability, Miscellaneous, Political & Financial Risks, Professional Indemnity, Property Treaty, Specie, Terrorism), and 6 reinsurance product lines under Antares Re (Agriculture, Motor & Casualty, Marine & Short Tail Specialty, North American Casualty, Property, Structured & Financial Risks). The group also operates West Bay Insurance for UK motor insurance and provides claims management services.

Differentiator

Problem solved

Functional benefit

Brands

• Antares at Lloyd's: Operations through Syndicate 1274 writing property, casualty, marine and specialty insurance and reinsurance at Lloyd's
• Antares Re
• Antares Insurance Company Limited
• Antares Europe
• West Bay
• Scorpius MGA
• DistinguishedRe

Products and services

• Antares at Lloyd's (Syndicate 1274) Underwriting platform writing a broad range of marine, property, casualty and specialty insurance business through Lloyd's Syndicate 1274, distributed from Lloyd's, Singapore and Bermuda offices.
• Antares Re Reinsurance operations writing all major lines of marine, property, casualty and specialty reinsurance business from Bermuda with branches in London and Doha.
• Antares Insurance Company Limited UK-authorized insurer writing general insurance including accident, land vehicles, goods in transit, fire and natural forces, damage to property, motor vehicle liability, general liability, credit, suretyship, miscellaneous, and financial loss insurance.
• Antares Europe SME and personal lines property, casualty and specialty MGA business across the EEA through QIC Europe Limited in Malta with a London branch.
• West Bay Insurance Plc UK Motor insurance market coverage from Gibraltar, underwriting exclusively through distribution arrangement with Markerstudy Insurance Services Limited.
• Agriculture Reinsurance Agricultural reinsurance products covering crop, livestock, and other agricultural risks, written through Antares Re.
• Motor and Casualty Reinsurance Motor and casualty reinsurance for UK and international markets, written through Antares Re.
• Marine and Short Tail Specialty Reinsurance Marine and short-tail specialty reinsurance business, written through Antares Re.
• North American Casualty Reinsurance North American casualty reinsurance products, written through Antares Re.
• Property Reinsurance Property reinsurance products, written through Antares Re.
• Structured and Financial Risks, Credit and Surety Reinsurance Structured solutions, financial risks, credit and surety reinsurance, written through Antares Re.
• Cyber and Technology Insurance Cyber and technology insurance written through Antares at Lloyd's.
• Energy Insurance Energy insurance written through Antares at Lloyd's.
• Marine Excess of Loss Insurance Marine excess of loss insurance written through Antares at Lloyd's.
• Management and Transaction Liability Insurance Management and transaction liability insurance written through Antares at Lloyd's.
• Financial Institutions Insurance Financial institutions insurance written through Antares at Lloyd's.
• Professional Indemnity Insurance Professional indemnity insurance written through Antares at Lloyd's.
• Property Treaty Insurance Property treaty insurance written through Antares at Lloyd's.
• Claims Management Claims management services supporting customers and business partners across Antares' insurance and reinsurance operations.
• Scorpius MGA Platform Platform designed to support managing general agents through underwriting capacity, operational support, and governance services, connecting profitable MGA business with underwriting capacity from Antares Insurance Company.
• DistinguishedRe Platform Property reinsurance platform offering up to $50 million in capacity, backed by Bermuda-licensed reinsurer Antares Re.

Quantifiable outcome

• 91.2% undiscounted Combined Operating Ratio in 2025, improved by 1.8 percentage points
• +2 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• Distinguished ProgramscoreChannel Partner/ Reseller/ Distributor · 9 June 2026Distinguished Programs launched DistinguishedRe, a property reinsurance platform offering up to $50 million in capacity, backed by Bermuda-licensed reinsurer Antares Re. The platform is led by Frank DiPaola and represents Antares Re's expansion into the reinsurance market.
• Scorpius MGAcoreTechnology or Integration · 11 May 2026Antares Global launched Scorpius MGA as a new platform to support managing general agents. The platform provides centralized oversight and connects profitable MGA business with underwriting capacity from Antares Insurance Company while expanding distribution opportunities in specialist and retail insurance markets in the UK and international territories.
• BEAT, CFC, and Africa Specialty RisksminorChannel Partner/ Reseller/ Distributor · 5 March 2026In 2026, Antares is launching a Commercial initiative to write over $100m GWP across three external syndicates: BEAT, CFC, and Africa Specialty Risks, which will complement the ongoing success of its own Syndicate 1274.
• Markerstudy Insurance Services LimitedcoreChannel Partner/ Reseller/ DistributorWest Bay Insurance Plc provides cover to the UK Motor insurance market from Gibraltar, underwriting exclusively through distribution arrangement with Markerstudy Insurance Services Limited.
• Antares Underwriting Asia Pte LimitedcoreStrategic or Co-development PartnerAntares Underwriting Asia Pte Limited operates as an underwriting hub in Singapore, writing Lloyd's business on behalf of Antares Syndicate 1274 alongside operations in Bermuda.
• University of SurreyminorStrategic or Co-development PartnerThe R&D team at Antares published a paper in collaboration with the University of Surrey exploring motor insurance data analysis using quantum machine learning, reflecting Antares' commitment to innovation.

Scale indicators14 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Markel International: Markel International writes specialty insurance and reinsurance from London and across Europe with a comparable product mix (marine, energy, professional indemnity, casualty). Operates a similar London-market specialty platform with broker distribution overlap.
• Convex Group: Convex is a specialty insurer/reinsurer founded by former Liberty Specialty leaders, writing across Bermuda and Lloyd's with a comparable mix of specialty and reinsurance lines. Closely resembles Antares' specialty carrier model and Bermuda platform.
• Lancashire Holdings: Lancashire is a London-listed specialty (re)insurer operating from Lloyd's and Bermuda writing property, marine and aviation, and casualty — matching Antares Re's Bermuda book and Syndicate 1274's specialty mix. Comparable scale and similar geographic platform.
• Hiscox: Hiscox is a Lloyd's-listed specialty insurer with a comparable diversified product mix across marine, energy, cyber, professional indemnity and casualty, and operates a similar mix of platform capital and distribution through brokers. Direct overlap with Antares at Lloyd's on the specialty lines and Bermuda operations through Hiscox Re.
• Beazley: Beazley is a Lloyd's specialty insurer with closely overlapping lines including cyber, marine, political risk, professional indemnity and reinsurance, and runs a similar Lloyd's-managed-agency distribution model. Highly comparable to Antares' Lloyd's and Specialty Re platforms.
• Aspen Insurance Holdings: Aspen is a global specialty insurer and reinsurer writing across property, casualty, marine and aviation through Lloyd's and Bermuda platforms — overlapping with Antares' Commercial division products, Syndicate 1274's stamp capacity and Antares Re.
• Liberty Specialty Markets: Liberty Specialty is part of Liberty Mutual and operates at Lloyd's and globally writing specialty and reinsurance lines similar to Antares' portfolio. Competes head-to-head with Syndicate 1274 and Antares Re in London and Bermuda specialty markets.

Broad incumbents

• Swiss Re: Swiss Re is a global broad-line reinsurer and large corporate specialty insurer covering property, casualty, marine and credit & surety — overlapping with Antares Re's product set and Bermuda presence. Acts as a scale and capital benchmark for Antares' specialty ambitions.
• Munich Re: Munich Re is the world's largest reinsurer with a broad portfolio spanning property, casualty, marine and specialty — directly comparable to Antares Re's major lines but at materially larger scale and capital. Provides a benchmark for specialty reinsurance margin discipline.

Others

• Qatar Insurance Company (QIC): QIC is the parent conglomerate of Antares and operates domestic MENA insurance and reinsurance. Included as an adjacent reference because parent-level lines, capital backing and group strategy directly shape Antares' underwriting, distribution and expense base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/qic-global

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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