Antares Global has launched Scorpius MGA, a new managing general agent platform designed to consolidate the group's MGA business under a single structure and broaden its distribution reach in the UK and selected international markets.
The platform will be led by chief executive Ian Morris (pictured above) and brings together capacity access, shared services and governance functions in one place. Antares said Scorpius is intended to give the group greater flexibility in how it works with brokers, underwriting partners and customers.
Scorpius will centralise oversight and onboarding for incoming MGAs, while giving partners access to core Antares services such as pricing, catastrophe modelling and exposure management. The aim is to free specialist underwriters to focus on risk selection rather than operational build-out.
The launch leans on the group's track record of working with MGAs across its UK insurance company, Lloyd's syndicate and reinsurance operations. Scorpius will primarily channel profitable MGA business to Antares Insurance Company, deepening the group's footprint in specialist and retail lines.
The move comes after a year of growth for Antares. The group posted total premium of $1.08 billion for 2025 and an undiscounted combined operating ratio of 91.2%, with its retail division, set up in 2024 to expand UK and European reach through MGAs and other distribution partners, scaling quickly in its second year of trading.
That trajectory mirrors a wider London market shift towards balancing volatile commercial and reinsurance portfolios with steadier retail and SME business, and helps explain why Antares is now formalising its MGA engagement through a dedicated vehicle.
Scorpius will sit alongside the group's existing underwriting businesses, offering an additional route to market while preserving underwriting discipline and oversight, Antares said. The structure is also intended to help the group reach attractive customer segments through specialist partners.
In a departure from many traditional MGA platforms, Scorpius is not tied to a single capacity provider. Where risks fall outside the Antares appetite, the platform can place business with third-party carriers, a feature the group said would help ensure high-quality opportunities are not turned away.
Morris said the launch represented a logical step in formalising Antares' engagement with the MGA segment.
“The platform is the natural progression to consolidate our long-standing relationship with the MGA market through a centralised, specialist platform. By providing MGAs with access to capacity and operational expertise, we enable talented underwriters to focus on what they do best: underwriting,” Morris said.
Mike van der Straaten, chief executive of Antares Global, described Scorpius as a strategic evolution of the group's MGA relationships. He said the partnerships strengthen Antares' access to high-quality distribution, support specialist underwriting talent and broaden the group's reach into new markets.
Van der Straaten added that the launch would let Antares deploy its capital more effectively across the cycle.
“Launching Scorpius is the natural next step as we continue to expand, allowing Antares to deploy its capital more effectively while redefining MGA infrastructure for the next generation,” van der Straaten said.
The launch lands at a busy moment for the MGA segment, with several major groups including Acrisure, Ardonagh and AmTrust having unveiled new MGA platforms or consolidations over the past year as carriers seek tighter control over specialist distribution.
