Antares places Lloyd’s China operation into run-off
Antares Managing Agency Ltd (“Antares”), the Lloyd’s specialist insurance and reinsurance subsidiary of QIC Global, today announced it has placed Syndicate 1274’s Lloyd’s China operation into run-off. Antares will cease accepting new/renewal business through the Lloyd’s China platform from the 1st March 2021. Going forward, Chinese business will be written out of Antares Singapore.
All existing policies will continue to provide cover on existing terms and conditions until natural expiry. Antares Asia, operating from Lloyd’s Singapore, will continue to underwrite as normal and maintain its current risk appetite.