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INSURANCE | Staff Reporter, China

Antares to write off Lloyd's China operation

It will cease accepting business through the Chinese platform on 1 March.

Antares, Lloyd’s specialist insurance and reinsurance subsidiary of QIC Global, has placed Syndicate 1274’s Lloyd’s China operation into run-off, a statement said.

Antares will cease accepting new and renewal business through Lloyd's China platform effective 1 March. Going forward, the Chinese business will be written out of Antares Singapore.

All existing policies will continue to provide cover on existing terms and conditions until natural expiry. Antares Asia, operating from Lloyd’s Singapore, will continue to underwrite as normal and maintain its current risk appetite.

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