UAE: ADNIC International enters UK market

Source: Middle East Insurance Review | Nov 2017

Abu Dhabi National Insurance Company (ADNIC), a leading regional multi-line insurance provider for corporates and individuals, has expanded into the UK market with the opening of a representative office in London, under the name ADNIC International Ltd.

The launch of its UK operation will aid the company in developing a strong and diversified international portfolio, as it seeks to develop its cross-border business in key global business hubs. The new entity will facilitate reinsurance across industrial sectors including energy (upstream and downstream), property, power, engineering and construction, marine hull and cargo.

Commenting on the opening of the London office, HE Sheikh Mohamed Bin Saif Bin Mohamed Al-Nahyan, Chairman of ADNIC said: “International expansion is a key element of ADNIC’s corporate strategy. It is important for the company to continue its growth through diversification of its revenue streams. Opening our London office is one of other initiatives that ADNIC has started to execute as part of its expansion strategy.”

Mr Ahmad Idris, CEO at ADNIC added: “The new office will strengthen our ability both to support our existing clients with their operations overseas and, equally important, to facilitate reinsurance support to our broker partners and their clients around the world.” M

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