Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, has received the licence to undertake reinsurance business from GIFT City in Gujarat, India's first International Financial Services Centre (IFSC), effective 1 April 2026.
The approval marks a key corporate milestone in ADNIC’s international expansion strategy, building on its existing cross-border reinsurance business in India and following its recent entry into the Saudi Arabia market.
The India branch will support ADNIC’s long-term growth by diversifying revenue streams and strengthening service capabilities in high-growth markets. It will also help strengthen economic ties between the UAE and India, in line with the two countries’ shared ambition to expand bilateral trade and investment.
In a statement, ADNIC CEO Charalampos Mylonas said, “Receiving the licence to operate in GIFT City represents an important milestone in ADNIC’s international growth journey. It reinforces our long-term commitment to supporting clients and partners in India, while further strengthening UAE–India economic ties. As we continue to expand our global footprint, our focus remains on delivering reliable, tailored insurance solutions and maintaining operational resilience in a rapidly evolving market environment.”
ADNIC Group provides insurance and reinsurance coverage worldwide and currently maintains physical offices across the UAE, Saudi Arabia, and the United Kingdom, with its India branch set to further expand its international network.