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QIC concludes Antares acquisition

: Monday, June 30 - 2014 @ 05:18

Qatar Insurance Co (QIC) has announced the completion of the acquisition of Antares Holdings Limited, specialist insurance and reinsurance group operating in the Lloyd’s market, the Peninsula has reported. The acquisition of Antares expands QIC’s global footprint through access to Lloyd’s Syndicate 1274 and Antares’ own integrated managing agency, as well as a Bermudian platform with a ‘Class 3’ reinsurance licence. “Antares will continue to operate under its own brand at Lloyd’s and enjoy a stable future. We welcome our new colleagues to QIC. Their dedication and expertise have been central to Antares’ success,” said QIC’s Group President and CEO of QIC, Khalifa Al Subaey.

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Monday, June 30- 2014 @ 5:18 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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