Antares has completed a corporate restructuring that consolidates all its business units under a single holding company based in Bermuda, the company announced on Tuesday.
The restructuring brings together all companies within the Antares group, part of the wider Qatar Insurance Company (QIC) group, under QIC Antares Holdings Limited. The newly formed entity, incorporated in Bermuda, now oversees the Bermuda-based reinsurance company, Lloyd’s syndicate 1274, and the UK insurance company.
Antares Re has moved into the aligned holding company structure, positioning it alongside the syndicate and UK insurance operations. The restructuring supports the company’s previously announced strategy to establish a clearer operating model organised around commercial, retail, and legacy business lines.
The move reflects a broader trend among global re/insurers to simplify group structures and improve capital mobility across multi-platform operations spanning Lloyd’s, Bermuda and the UK. In recent years, insurers have increasingly sought to reduce legal entity complexity to enhance governance, respond more quickly to changes in underwriting appetite and deploy capital more efficiently across their portfolios.
“We are pleased to have successfully concluded this internal corporate restructuring activity,” said Kevin Wenzel, chief financial officer of Antares. “Whilst there is no impact on day-to-day operations, client or broker interactions, or our internal colleagues, the new corporate structure streamlines all our legal entities under a single holding company in Bermuda.”
Wenzel added that the new structure would allow the company to move capital more easily within Antares to support business growth plans. The consolidation also establishes a single regulatory focus for the Antares group with the Bermuda Monetary Authority (BMA).
Bermuda has increasingly been used by international insurance groups not only as a risk-taking jurisdiction, but as a holding company base for globally active platforms. The BMA’s supervisory regime, which is recognised as equivalent to Solvency II, has made the jurisdiction attractive for firms seeking streamlined regulatory oversight while maintaining access to Lloyd’s and UK markets.
The company confirmed the restructuring would not affect daily operations, client relationships or internal staff.
In January 2025, AM Best affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” (Excellent) for both Qatar Insurance Company and its Bermuda-based subsidiary, Antares Reinsurance Company Ltd, with a stable outlook.
