IHC Launches AI-Driven Reinsurance Platform in Abu Dhabi

International Holding Company (IHC), a global investment firm with holdings across asset management, healthcare, real estate, financial services, and other sectors, has announced the formation of a new reinsurance platform headquartered in the Abu Dhabi Global Market. Backed by over $1 billion in initial equity commitments and targeting $10 billion in liabilities, the platform aims to support growth in insurance and capital markets across the Middle East and Asia.

The venture will underwrite property and casualty, life, and specialty insurance products. It will operate on an artificial intelligence–native infrastructure designed to improve data analytics, refine pricing accuracy, and enhance capital efficiency. The company plans to scale through a buy-and-build strategy, expanding into key international markets while maintaining a regional focus. 

BlackRock, a global asset manager, will act as a strategic partner, providing investment management, advisory services, and access to its Aladdin technology platform. BlackRock also plans to take a minority equity stake in the platform once definitive agreements are finalized. 

Lunate, a leading alternative investment manager headquartered in Abu Dhabi with $110 billion in assets under management, will join as a partner, marking its entry into the reinsurance sector. 

The company will be chaired by Dr. Sultan Ahmed Al Jaber, minister of industry and advanced technology for the United Arab Emirates and group CEO of the Abu Dhabi National Oil Company. Mark Wilson, former CEO of Aviva and AIA Group, has been appointed CEO. 

The new platform is positioned to support the region's growing financial ecosystem, offering locally based capacity in a global market. Its technology-led model and institutional backing reflect broader trends reshaping the insurance sector.