BRIEF-IHC Launches Global Reinsurance Platform Based In ADGM With Strategic Partner BlackRock

Reuters
09 May
BRIEF-IHC Launches Global Reinsurance Platform Based In ADGM With Strategic Partner BlackRock

May 9 (Reuters) - INTERNATIONAL HOLDING COMPANY IHC.AD:

  • IHC LAUNCHES GLOBAL REINSURANCE PLATFORM BASED IN ADGM WITH STRATEGIC PARTNER BLACKROCK

  • PLATFORM WILL IMPLEMENT A BUY-AND-BUILD STRATEGY, TARGETING INITIAL LIABILITIES EXCEEDING $10 BILLION

  • INITIAL EQUITY COMMITMENTS ARE EXPECTED TO SURPASS $1 BILLION

  • LUNATE WILL ALSO BE A PARTNER IN THE NEW PLATFORM

  • NEW PLATFORM, YET TO BE NAMED, WILL PROVIDE CRITICAL UNDERWRITING CAPABILITIES, UNDERPINNED BY CUTTING-EDGE AI TECHNOLOGIES

Further company coverage: IHC.AD

((Reuters.Briefs@thomsonreuters.com;))

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