Antares Managing Agency, the Lloyd’s of London specialist insurer and reinsurer, owned by QIC Group, announced that ‘Antares Syndicate 1274’ has ranked first for investment performance in 2020 according to JP Morgan Asset Management’s Lloyd’s Peer Analysis.
Antares received a 5.34% return on investment for the 2020-year end, against a market average of 2.91%.
Syndicate 1274 also achieved second place for the three-year average return over the period 2018 to 2020.
The JP Morgan Asset Management Lloyd’s Peer Analysis compares the 2020 investment performance of Lloyd’s syndicates with average trust fund assets in excess of £100mn over the period 2018-2020. This study is derived from Lloyd’s Statistics 2020 and includes investment performance of syndicate trust fund assets and excludes the investment performance associated with Funds at Lloyd’s assets.
On the performance, Salem al-Mannai, QIC Group chief executive officer, said, “We are extremely pleased to have placed so well in JP Morgan’s Asset Management’s Lloyd’s Peer Analysis. QIC Group Owned Antares’ outstanding investment performance is a testament to the Group’s considered growth plan and well-diversified investment strategy that thrives on thorough research, efficient selection, timely execution and continuous monitoring.”
“Our approach is to favour sustainable and profitable growth.” al-Manni added.
Antares Managing Agency Limited 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 some 62 underwriters across 17 lines of business.
Antares received a 5.34% return on investment for the 2020-year end, against a market average of 2.91%.
Syndicate 1274 also achieved second place for the three-year average return over the period 2018 to 2020.
The JP Morgan Asset Management Lloyd’s Peer Analysis compares the 2020 investment performance of Lloyd’s syndicates with average trust fund assets in excess of £100mn over the period 2018-2020. This study is derived from Lloyd’s Statistics 2020 and includes investment performance of syndicate trust fund assets and excludes the investment performance associated with Funds at Lloyd’s assets.
On the performance, Salem al-Mannai, QIC Group chief executive officer, said, “We are extremely pleased to have placed so well in JP Morgan’s Asset Management’s Lloyd’s Peer Analysis. QIC Group Owned Antares’ outstanding investment performance is a testament to the Group’s considered growth plan and well-diversified investment strategy that thrives on thorough research, efficient selection, timely execution and continuous monitoring.”
“Our approach is to favour sustainable and profitable growth.” al-Manni added.
Antares Managing Agency Limited 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 some 62 underwriters across 17 lines of business.