- ADNIC receives licence to operate in GIFT City, India
- Milestone reflects continued international expansion and commitment to high-growth markets
- India branch will build on existing cross-border reinsurance operations and strengthen UAE–India economic ties
ABU DHABI | 21st APRIL 2026 — Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, has received thelicence to undertake reinsurance business from GIFT City, India’s first International Financial Services Centre (IFSC) in Gujarat, effective 1 April 2026.
The approval marks a key corporate milestone in ADNIC’s international expansion strategy, building on its existing cross-border reinsurance business in India and following its recent entry into the Saudi Arabia market.
The India branch is expected to support ADNIC’s long-term growth by diversifying revenue streams and enhancing service capabilities for clients across high-growth markets. 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.
The approval reflects the resilience of the UAE’s business environment, with companies continuing to advance their strategic priorities and expand into global markets despite evolving regional developments. ADNIC’s entry into India 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 of ADNIC, said: “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.”
ADNIC Group provides insurance and reinsurance coverage worldwide and currently maintains physical offices across the UAE, Saudi Arabia, and the United Kingdom, with its India branch set to further expand its international network.
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