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Antares Tops JP Morgan’s Lloyd’s Peer Analysis For Investment Performance

Antares Tops JP Morgan’s Lloyd’s Peer Analysis For Investment Performance

Antares Tops JP Morgan’s Lloyd’s Peer Analysis For Investment Performance

Antares Tops JP Morgan’s Lloyd’s Peer Analysis For Investment Performance

According to JP Morgan Asset Management’s Lloyd’s Peer Analysis, Antares Syndicate 1274 was ranked #1 for investment performance based on three-year average investment return throughout the period from FY 2019 to 2021, according to the QIC Group subsidiary Antares.

The company claims that it outperformed the Syndicate Peer average of 1.6% by achieving an average yearly investment return of 3.6%.

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Salem Al Mannai, CEO of QIC Group, said: “Antares is fully aligned with our parent company QIC Group’s objectives and strategy. Our approach is to favour sustainable and profitable growth and our investment strategy has a significant role to play in achieving these objectives. We are extremely pleased to have been ranked number one in JP Morgan’s Asset Management’s Lloyd’s Peer Analysis. This is a testament to our sustainable growth plan and well-diversified investment strategy.”

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Antares Tops JP Morgan’s Lloyd’s Peer Analysis For Investment Performance

Antares was acquired by QIC Group in 2014 and operates internationally though the Lloyd’s platform in London and Singapore. The Lloyd’s managing agency was formed in 2007 and underwrites for Syndicate 1274 as a highly diversified commercial and speciality lines insurer and reinsurer with over 62 underwriters across 17 lines of business.

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Founded in 1964, QIC was the first domestic insurance company in the State of Qatar. It is one of the highest-rated insurers in the Gulf region with a rating of A/Stable from Standard & Poor’s and A(Excellent) from AM Best. In terms of profitability and market capitalization, QIC is also the largest insurance company in the MENA region. It is listed on the Qatar Exchange and has a market capitalization of over $4bn.

The QIC Group has recently received a string of favorable news. Its gross premium volume earlier this year remained constant at QR 3.2 billion in the first quarter of 2022. Global markets were faced with rising interest rates as central banks moved to rein in an accelerating inflation in Q1 as the economic impact of the COVID-19 epidemic was beginning to fade, the business observed. Markets also had to contend with the effects of supply chain interruptions, and most crucially, they had to process the shock of the Russian-Ukrainian war.

Antares Tops JP Morgan’s Lloyd’s Peer Analysis For Investment Performance

Also reported at the time was that its international operations, which Antares falls under, accounted for nearly three quarters (83%) of the group’s gross written premiums.

The JP Morgan Asset Management Lloyd’s Peer Analysis examines the investment performance of Lloyd’s syndicates throughout the 2019–2021 timeframe with average trust fund assets exceeding £100 million. The investment performance of assets held in syndicate trust funds is included in this analysis, which is based on Lloyd’s Statistics 2019–21, but not that of assets held in Funds at Lloyd’s.


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IBEH C. JOE

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