In April 2026, Abu Dhabi National Insurance Company (ADNIC), a United Arab Emirates (UAE)-based insurance and reinsurance provider, received regulatory approval to establish a reinsurance branch in India’s Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat.
- The license, granted by the International Financial Services Centres Authority (IFSCA), became effective on April 1, 2026.
About ADNIC Expansion into GIFT City:
Overview: ADNIC is a multiline insurance and reinsurance provider offering global services across the UAE, Saudi Arabia, and the United Kingdom (UK).
Objective: The expansion strengthens ADNIC’s global strategy by establishing its presence in India, boosting cross-border insurance capabilities, diversifying revenue, and supporting long-term growth in high-growth markets.
Impact: The move strengthens India–UAE economic ties by boosting trade, investment, and financial cooperation, while supporting India’s goal of becoming a global financial services hub.
GIFT: GIFT City in Gujarat functions as a global hub for reinsurance, banking, and offshore financial services, attracting international insurers and financial institutions.
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