Abu Dhabi’s International Holding Company (IHC), in collaboration with global investment firm BlackRock, has established a new reinsurance company with an initial capital of $1 billion. The venture aims to enhance the region’s financial services sector and diversify investment portfolios. The new global reinsurance platform will be headquartered in Abu Dhabi Global Market (ADGM) and will serve global markets with a focus on accelerating the growth of the insurance and capital markets ecosystem in the Middle East and Asia.Abu Dhabi’s International Holding Company (IHC), in collaboration with global investment firm BlackRock, has established a new reinsurance company with an initial capital of $1 billion. The venture aims to enhance the region’s financial services sector and diversify investment portfolios. The new global reinsurance platform will be headquartered in Abu Dhabi Global Market (ADGM) and will serve global markets with a focus on accelerating the growth of the insurance and capital markets ecosystem in the Middle East and Asia.

Source: Gulf Bussiness