RIQ, the AI-native reinsurance platform purpose-built for the future of global risk transfer, has entered into a preferred reinsurance partnership with IHC, with a targeted allocation of over $500m in reinsurance premiums over the next 10 years.
Based in ADGM and launched earlier this year by IHC in partnership with BlackRock and Lunate, RIQ will offer a full suite of reinsurance solutions, working closely with IHC and its portfolio companies to structure capital-efficient coverage across complex Specialty and Property and Casualty (P&C) risk classes.
Leveraging advanced data modelling and AI-augmented underwriting, the platform is purpose-built to meet the demands of a rapidly evolving risk environment.
Additional strategic updates are expected in the coming months, as RIQ executes its global buy-and-build strategy. With over $1bn in equity commitments from IHC and strategic partners BlackRock and Lunate, and anchored in AI-native infrastructure, RIQ aims to ultimately write $10bn per year, redefining the future of reinsurance through intelligence, scale, and strategic discipline.
RIQ is currently advancing through its regulatory journey with the Financial Services Regulatory Authority (FSRA) of ADGM, as it moves toward formal authorisation as a reinsurer. In parallel, final preparations are underway for the execution of the reinsurance transaction between IHC and RIQ, which remains subject to regulatory clearance. This transaction will mark a foundational step in RIQ’s operational rollout.
By leveraging RIQ’s AI-powered infrastructure, IHC aims to enhance the resilience and operational agility of its group companies. The collaboration also aligns with Abu Dhabi’s ambition to lead globally in structured reinsurance and financial innovation.
IHC CEO Syed Basar Shueb said, “This partnership reflects IHC’s conviction in the transformative power of intelligent capital and data-driven risk transfer. By aligning with RIQ, we are catalyzing the next chapter of Abu Dhabi’s evolution as a global centre for reinsurance innovation. This is not just a financial commitment, it is a strategic investment in the future of resilient infrastructure and industrial agility.”