ADNIC established its International Division in March 2015 creating a dedicated team of underwriters to focus on facultative reinsurance/retrocession opportunities. The core objective of the International Division is to develop a profitable and sustainable commercial lines portfolio, which is well diversified across regions and products
The following classes of business are currently being underwritten by International Division
- Energy (Upstream and Downstream) - Operational and Construction risks.
- Property (Commercial and Industrial risks)
- Engineering and Construction
- Marine Hull & Cargo
- Liabilities and financial lines (MENA region only)
Regions that are currently within our risk appetite are:
- Central America
- South America
- The UK
- Middle East
- CIS Countries
- Australia and New Zealand
- Russia (subject to clearance of Sanctions)
Regions that are outside our risk appetite are : North America, Gulf of Mexico, North Sea and Japan.
Please note International Division is not a separate legal entity. It is part of ADNIC sharing the credit rating ‘A-’ with stable outlook from S&P.
Please click here to access the risk appetite document of International Division. It is specifically designed for our business partners for their ease and better understanding of ADNIC’s underwriting philosophy and appetite. Contact details of respective underwriters and capacity we offer for various lines of business are also mentioned therein.
International Division is based in Dubai: Unit 804, Maze Towers, Opposite DIFC.