ADNIC International enters UK Market
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, has announced today its expansion into the UK market with the opening of a representative office in London, under the name ADNIC International Ltd.
The office will facilitate reinsurance across industrial sectors including Energy (Upstream and Downstream), Property, Power, Engineering and Construction, Marine Hull and Cargo. 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.
Commenting on the opening of the London office, His Excellency 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.”
Ahmad Idris, Chief Executive Officer 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.”