Abu Dhabi – Mubasher: RIQ, the AI-native reinsurance platform purpose-built for the future of global risk transfer and a subsidiary of International Holding Company (IHC), entered into a strategic agreement with ADNOC.

The partnership aims to develop a preferred reinsurance partnership targeting an allocation of more than $500 million in risk coverage within the coming decade, according to a press release.

RIQ, launched earlier by IHC in partnership with BlackRock and Lunate, will be based in Abu Dhabi Global Market (ADGM) and will offer a full suite of reinsurance solutions.

Under this agreement, the platform will work closely with ADNOC to structure capital-efficient coverage across complex operational, climate-related, and speciality risk classes.

It will leverage advanced data modelling, AI-augmented underwriting, and deep analytics to meet the demands of an increasingly sophisticated risk landscape.

This collaboration creates a collective trajectory of over $1 billion in reinsurance premiums committed through RIQ’s platform over the coming decade.

These partnerships anchor Abu Dhabi’s ascent as a next-generation global reinsurance hub, fusing intelligent capital, technology, and structured risk solutions.

Ahmad Khalfan Al Mansoori, Chairman of ADNOC Re, said: “This partnership will enhance ADNOC’s operational resilience by tailoring reinsurance solutions to evolving industrial and climate risks.”

“Leveraging RIQ’s AI-powered platform will strengthen our risk management capabilities and ensure continuity in a complex energy landscape,” Al Mansoori highlighted.

Mark Wilson, CEO of RIQ, commented: “Together with our recent partnership with IHC, this alliance brings together cutting-edge technology, strategic capital, and domain expertise to redefine global reinsurance from Abu Dhabi outward’’

Meanwhile, RIQ executes on its global buy-and-build strategy, planning to ultimately write $10 billion annually to reshape the future of reinsurance through intelligence, scale, and strategic discipline.