Antares, a member of the QIC Group, is pleased to announce the launch of Antares Underwriting Asia Pte. Limited (Antares Asia), a new offering on the Lloyd’s Asia Platform. The new business has received approval from the Monetary Authority of Singapore and Lloyd’s Asia to begin underwriting from 01 November 2015.
Antares Asia will initially underwrite a core portfolio of Marine, Property and Specialty products, building on the strengths of Antares Syndicate 1274, before looking to expand its available products to include the full range currently available within the Group. Its focus is on specialist insurance and reinsurance lines:
Marine: Hull, Cargo, Specie, Marine Liability & Offshore Energy
Property: Property & Onshore Energy
Specialty: Terrorism, Professional Indemnity & Financial Institutions.
It will be led by Li Shan Yeo who joins as Chief Executive Officer of the new business, and will build a strong team of local underwriters to enhance existing relationships with clients and brokers in the region. Li Shan brings close to 25 years’ experience in the insurance industry to her new role and joins Antares from Zurich, where she served most recently as Chief Underwriting Officer of Zurich Singapore. Prior to this Li Shan spent seven years at Federal Insurance Company culminating with her appointment as Asia INT & Life Sciences Casualty Specialist. Li Shan began her insurance career at Bain Clarkson Insurance Brokers and has held senior underwriting and managerial roles at Ace Insurance and OAC Insurance.
Steve Redmond, Managing Director of Antares said, “Our new business on the Lloyd’s Asia platform represents the next step in the future of Antares. Our ambition is to build a truly global specialist underwriting business. We are committed to developing Antares Asia into a leading specialist Asian insurer by bringing together local experts who have distinguished themselves through their underwriting expertise and who share our service focused ethos. Li Shan Yeo is the ideal candidate to ensure the realisation of our ambitions. I am delighted to welcome her to Antares and am certain our new venture in Singapore will go from strength to strength under her leadership”.
Li Shan Yeo said, “I am truly excited by the potential for Antares Asia, which blends local expertise and market knowledge with a recognised specialty tradition. I am confident that we will build our position in Singapore by providing expert solutions for our rapidly evolving and dynamic market”.
Antares Underwriting Asia Pte. Limited will be located at CapitaGreen, 138 Market Street, Singapore 048946