Antares Managing Agency (Antares), the Lloyd’s specialist insurance and reinsurance subsidiary of QIC Group, said Antares Syndicate 1274 has been ranked first for investment performance based on three-year average investment return over the period from FY 2019 to 2021 according to JP Morgan Asset Management’s Lloyd’s Peer Analysis.
Antares achieved an average annual investment return of 3.6% against Syndicate Peer average of 1.6%.
The JP Morgan Asset Management Lloyd’s Peer Analysis compares the investment performance of Lloyd’s syndicates with average trust fund assets in excess of £100mn over the period 2019-2021.
This study is derived from Lloyd’s Statistics 2019-21 and includes investment performance of syndicate trust fund assets and excludes the investment performance associated with Funds at Lloyd’s assets.
QIC Group Chief Executive Officer Salem al-Mannai 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.”
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.