RIQ enters 10-year reinsurance partnership with IHC, anchored by $500m+ in risk coverage

RIQ, the newly launched AI-native reinsurance platform purpose-built for the future of global risk transfer, has entered into a strategic partnership with IHC, anchored by a targeted allocation of more than $500 million in reinsurance premiums over the next decade.

Based in Abu Dhabi Global Market (ADGM), in partnership with BlackRock and Lunate.

RIQ will provide a full suite of reinsurance solutions, collaborating with IHC and its portfolio companies to structure capital-efficient coverage across complex Specialty and Property & Casualty (P&C) risk classes. Leveraging advanced data modelling and AI-augmented underwriting, the platform is designed to meet the demands of a rapidly evolving global risk landscape.

The partnership underscores IHC’s commitment to pioneering intelligent capital deployment and transformative risk transfer solutions. Through RIQ’s AI-powered infrastructure, IHC aims to strengthen the resilience and agility of its group companies.

The collaboration also supports Abu Dhabi’s ambition to establish itself as a global hub for structured reinsurance and financial innovation.

RIQ is currently progressing through its regulatory journey with the Financial Services Regulatory Authority (FSRA) of ADGM as it moves toward formal authorisation as a reinsurer. Final preparations are also underway for the execution of the reinsurance transaction between IHC and RIQ.

Syed Basar Shueb, CEO of IHC, 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 center for reinsurance innovation. This is not just a financial commitment, it is a strategic investment in the future of resilient infrastructure and industrial agility.”

Mark Wilson, CEO of RIQ, added, “We are proud to collaborate with IHC in this milestone partnership. RIQ’s platform is engineered to deliver intelligent risk solutions at pace, fusing advanced analytics, underwriting discipline, and strategic capital. This announcement marks a defining step in our mission to reshape global reinsurance from Abu Dhabi outward.’

Backed by more than $1 billion in equity commitments from IHC and strategic partners BlackRock and Lunate, and anchored by AI-native infrastructure, RIQ ultimately aims to write $10 billion annually.