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.
No comments:
Post a Comment