United Arab Emirates-based Abu Dhabi National Insurance Company (ADNIC), a multiline regional insurance provider, has received the license to undertake reinsurance business from GIFT City, India’s first International Financial Services Centre (IFSC) in Gujarat, effective April 1st, 2026.
ADNIC Group provides insurance and reinsurance coverage worldwide with offices across the UAE, Saudi Arabia, and the United Kingdom.
The move advances ADNIC’s international expansion strategy, building on its existing Indian cross-border reinsurance business, and following its recent entry into the Saudi Arabia market.
The Indian branch is expected to support the insurer’s long-term growth through diverse revenue streams and enhanced service capabilities for clients across high-growth markets, and further expand its international network.
It will also contribute to strengthening economic ties between the UAE and India, in line with the two countries’ shared ambition to expand bilateral trade and investment, explained the insurer.
ADNIC’s entry into the country’s market also highlights its commitment to long-term growth and reinforces its position as a regional insurer with an expanding international footprint.
Charalampos Mylonas, Chief Executive Officer, ADNIC, commented, “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.”
Last month, Lloyd’s insurance and reinsurance marketplace reportedly applied to set up operations at GIFT City, as Niyam Group became the first Insurance Intermediary Office (IIO) to offer Lloyd’s capacity.
