Antares at Lloyd’s launches credit and political risks consortium
Antares syndicate 1274, the Lloyd’s insurance arm of QIC-owned Antares Global, has launched a consortium for the underwriting of credit and political risk insurance.
The maximum line for the consortium will initially be $40 million. Antares will lead with a 75% line with the remaining 25% provided by other Lloyd’s carriers.
The consortium, already actively considering submissions, draws on the credit risk and analytical capabilities of Antares’ political & financial risk team.
James Thomas, class underwriter for the Antares political & financial risk team, said: “We are very pleased to have successfully launched and closed our first polices under the consortium. This new offering represents an excellent opportunity to leverage our underwriting expertise, particularly in the non-payment insurance space, and we very much look forward to supporting our clients and broking partners with our enhanced underwriting capabilities.”
Jim Lye, active underwriter, Antares Managing Agency, said: “Credit and political risk is a highly technical class with high barriers to entry and this is a logical step, building on our market leading position and established expertise in providing solutions to banks, export credit agencies, multilateral organisations and corporates. I am extremely pleased to announce the launch of the consortium, which will bring much-needed certainty and significant capacity to our clients amid ongoing geopolitical instability and macroeconomic uncertainty.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk