World Largest Asset Manager $11 Trillion BlackRock & Abu Dhabi Alternative Investment Firm $110 Billion Lunate to Invest in Abu Dhabi $239 Billion International Holding Company (IHC) New Venture AI-Driven Reinsurance Platform with Initial $1 Billion Equity, Platform Will Implement Buy & Build Strategy Targeting at Least $10 Billion Initial Liabilities, ex-CEO of Aviva & AIA Mark Wilson Appointed as CEO, Company Name to be Decided
11th May 2025 | Hong Kong
The world’s largest asset manager Blackrock ($11 trillion AUM) & Abu Dhabi alternative investment firm Lunate ($110 billion) will be investing in Abu Dhabi International Holding Company (IHC, $239 billion market value) new venture AI-driven reinsurance platform which will have initial $1 billion equity. The new platform will implement a buy & build strategy targeting at least $10 billion initial liabilities. The ex-CEO of Aviva & AIA Mark Wilson has been appointed as CEO, and company name to be decided. IHC (9/5/25): “ IHC, a global investment company focused on building dynamic value networks, is excited to announce plans to establish a new AI-driven reinsurance platform headquartered in the Abu Dhabi Global Market (ADGM). This new platform, yet to be named, will provide critical underwriting capabilities, underpinned by cutting-edge AI technologies, to help accelerate the rapid growth in the Gulf region and support the continued evolution of regional capital markets. BlackRock will partner with the platform to provide leading insurance asset management, advisory, and its Aladdin technology capabilities to the initiative. Lunate will also be a partner in the new platform, leveraging its deep expertise in private and public markets and its global, multi-asset investment experience in supporting the platform. Insurance is a critical ingredient to driving economic growth and investment. A strong, local, and purpose-built reinsurance platform will both harness and deliver upon the opportunities presented by the growing financial ecosystem in the Gulf. The platform will offer tailored solutions covering Property and Casualty (P&C), Life, and specialized insurance products. With its base in ADGM, it will operate across key international jurisdictions, creating a local platform capable of adapting to the diverse demands of the global market, while maintaining a strategic focus on the Middle East and Asia. At the core of the company’s operations will be an AI-native approach, unencumbered by legacy technology, to enhance data analytics, pricing strategies, and company operations. This technology will bolster underwriting capabilities by improving the quality and speed of risk assessments, thereby optimizing capital efficiency. The platform will implement a buy-and-build strategy, targeting initial liabilities exceeding $10 billion. Initial equity commitments are expected to surpass $1 billion, which will be bolstered by additional hybrid and debt financing. After the signing of definitive documentation, BlackRock will provide a minority investment commitment to the venture. IHC also announced that the company will be chaired by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, GCEO and MD of ADNOC, and led by seasoned industry expert Mark Wilson, former CEO of Aviva Plc and AIA Group Limited, who brings a wealth of experience to this initiative.”
“ World Largest Asset Manager $11 Trillion BlackRock & Abu Dhabi Alternative Investment Firm $110 Billion Lunate to Invest in Abu Dhabi $239 Billion International Holding Company (IHC) New Venture AI-Driven Reinsurance Platform with Initial $1 Billion Equity, Platform Will Implement Buy & Build Strategy Targeting at Least $10 Billion Initial Liabilities, ex-CEO of Aviva & AIA Mark Wilson Appointed as CEO, Company Name to be Decided “
World Largest Asset Manager $11 Trillion BlackRock & Abu Dhabi Alternative Investment Firm $110 Billion Lunate to Invest in Abu Dhabi $239 Billion International Holding Company (IHC) New Venture AI-Driven Reinsurance Platform with Initial $1 Billion Equity, Platform Will Implement Buy & Build Strategy Targeting at Least $10 Billion Initial Liabilities, ex-CEO of Aviva & AIA Mark Wilson Appointed as CEO, Company Name to be Decided
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