Antares Managing Agency Ltd (“Antares”), the Lloyd’s specialist insurance and reinsurance subsidiary of QIC Global, is pleased to announce that Antares Syndicate 1274 has ranked first for investment performance in 2020 according to J.P. 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 J.P. 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.
Mark Graham, CEO of Antares, said: “Antares is fully aligned with our parent company QIC Global’s objectives and strategy. Our approach is to favour sustainable and profitable growth and our investment strategy has a significant role to play. We are extremely pleased to have placed so well in J.P. Morgan’s Asset Management’s Lloyd’s Peer Analysis, it is a testament to our considered growth plan and well-diversified investment strategy.”