Saturday, October 22, 2016

Qatar insurance Completes Acquisition of Antares



Qatar coverage Co., the most important coverage organisation in the center East, stated it has finished acquisition of Antares Holdings limited, a consultant coverage and reinsurance organization operating inside the Lloyd’s market.
The organization said all necessary regulatory approvals for the purchase were acquired.
the purchase of Antares expands QIC’s global footprint via get right of entry to to Lloyd’s Syndicate 1274 and Antares’ personal coping with company, in addition to a Bermudian platform with a class three reinsurance license.
Khalifa Al Subaey, institution president and CEO of QIC, stated the acquisition of Antares “substantially speeds up” his firm’s plan to turn out to be a a worldwide insurance group.
He stated QIC is now producing extra than 50 percent of its top rate volume in global markets.
Antares will preserve to operate below its own brand at Lloyd’s.

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