Yes, indeed they are, here’s the word on 2025 performance;
Antares Group, the UK and Bermuda-based insurer, owned by Qatar Insurance Group, has announced its annual results for 2025.
In 2024, Antares restructured its business into three divisions: with core business split between the Commercial and Retail divisions, and a speciality Legacy division managing Antares’ run-off portfolio. The positive impacts of this were seen in the results for 2025.
Highlights from the overall financial results:
- Total premium for Antares ended the year at $1,080m.
- The undiscounted CoR improved by 1.8% points to 91.2%.
- In Antares’ Commercial division, consisting of Lloyd’s Syndicate 1274 and the Antares Reinsurance business in Bermuda, premiums rose year-on-year by 11.4% to reach $869m.
- Retail premium from Antares Insurance Company grew by over 100% in its second year of trading, doubling to reach $100m.
- Overall profit for the core business was $124m — a particularly healthy return considering wildfire and Ukraine losses reached c$100m.
- Legacy business loss fell again to $41m, improving on the $62m recorded in 2024 and considerably lower than prior years, showing the continuing success of our strategy to focus proactively on legacy portfolios.
- Antares made another strong contribution to the wider global Qatar Insurance Company group, representing c40% of the total group revenue and half of the group profit.
Mike van der Straaten, CEO of Antares Group, said: “Our continued financial success in 2025, particularly in the face of significant wildfire and Ukraine losses, is testament to Antares’ robust business model and the strong leadership shown in each of our business units. Our Commercial business led by Mark Graham, including Syndicate 1274, continues to grow year-on-year; the Retail business led by Pantelis Koulovasilopoulos has reached new heights in the second year of trading for our UK company; and our renewed focus on Legacy business led by Jagdis Barber, has curtailed losses in a previously troublesome area of the business.
Kevin Wenzel, CFO of Antares Group added “In 2026, Antares is launching a Commercial initiative to initially write just over $100m GWP across three external syndicates: Beat Syndicate 4242, CFC Syndicate 1988, and Africa Specialty Risks Syndicate 2454, which will complement the ongoing success of its own Syndicate 1274.”
Antares’ financial success continues to be complemented by its strategic investment in talent development. Jim Linsao, COO commented “In 2025 we launched a dedicated Leadership Development Programme, underscoring our investment in the growth and progression of existing employees. At the same time, Antares continued its focus on attracting talent by introducing its first school leavers programme, which resulted in six new hires”.
In 2026, Antares’ graduate recruitment programme returns with eight available roles, and two additional school leavers will join through the London Market Group’s initiative, reflecting a sustained emphasis on building a diverse and dynamic workforce. The R&D team at Antares continues to drive technical excellence, highlighted by the recent publication of a paper in collaboration with the university of Surrey exploring motor insurance data analysis using quantum machine learning, reflecting Antares’ commitment to innovation.
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