Antares announces business unit restructure as it launches UK Insurer

Antares Global Management has restructured its business into two units: Retail and Commercial.

The Retail division, led by Pantelis Koulovasilopoulos, includes the newly launched Antares Insurance Company Limited in the UK and aims to write $327 million in premiums by year-end, with a target of $395 million in 2025.

The Commercial division, headed by Mark Graham, consolidates Syndicate 1274 and Antares Re to improve capital efficiency and reported a Net Combined Ratio of 87.7% on $317 million in gross written premiums.

CEO Mike van der Straaten stated this reorganization completes the company’s shift to a unified operational model.