Antares Asia, a member of the QIC Group, is pleased to announce the launch of its Legal Expenses business with the appointment of Mark Waters as Legal Expenses Underwriter. He takes up his role with immediate effect, reporting to Li Shan Yeo, Chief Executive Officer, Antares Asia.
Waters will be tasked with the launch and development of Antares Asia’s Legal Expenses portfolio. He has previously held a range of senior roles at Abbey Legal Protection and Capita Insurance Services.
Li Shan Yeo said, “Antares Asia has grown since its launch by offering specialist products which reflect local markets, underwritten by the very best in the field. Our strategy is based on long-term, sustained growth, led by market-leading figures able to drive expansion in niches areas. Mark’s extensive experience in growing a successful and high-quality book of business makes him an excellent addition to our team. I am pleased to welcome him to Antares.”
Peter Rigby / Brian Norris
+44 (0)20 7562 4444
Li Shan Yeo,
Antares Underwriting Asia Pte. Ltd
+65 6407 1182
Notes to editors
Antares Holdings Limited launched Lloyd’s Syndicate 1274 in 2008 to provide a diversified range of property, casualty, marine and aviation underwriting and claims services on a worldwide basis. Since its launch, the syndicate has successfully developed and grown its capacity from £135m to £242m in 2014. In January 2010, Antares Managing Agency Limited was established following approval from Lloyd’s and the FSA. Antares was acquired by QIC in June 2014. For more information, please visit www.antaresunderwriting.com.
QIC is a publicly listed composite insurer with a consistent performance history of 50 years and an underwriting footprint across the Middle East, Africa and Asia. Founded in 1964, QIC was the first domestic insurance company in the State of Qatar. Today, QIC is the market leader in Qatar and a dominant insurer in the GCC & MENA region. QIC 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 A.M. Best. In terms of profitability and market capitalisation, QIC is also the largest insurance company in the MENA region. It is listed on the Qatar Exchange and had a market capitalisation in excess of US$ 3.4 billion (as at 2/06/14). For further information on QIC please visit www.qatarinsurance.com.