Abu Dhabi Investment Authority exploring reinsurance market entry

The Abu Dhabi Investment Authority (ADIA), a sovereign wealth investment fund owned by the Emirate of Abu Dhabi and tasked with investing funds on behalf of the Government of the Emirate, is looking to expand its activities in reinsurance with its own carrier and also insurance-linked securities (ILS), we’re told.

Sources have told us that the Abu Dhabi Investment Authority (ADIA) has been running a beauty parade of reinsurance brokers and advisories in recent months, as the investor looks to identify the most appropriate points of entry and structures to access a more meaningful source of direct reinsurance linked returns, as it builds out its initiatives across the space.

We’re told the new interest and broker selection is coming from the private equity arm of the Abu Dhabi Investment Authority (ADIA), as it looks to enter reinsurance, likely with a rated carrier approach, at some stage in 2021 or 2022.

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