Abu Dhabi National Insurance Company (ADNIC) has secured regulatory approval to establish a branch in India’s International Financial Services Centre at GIFT City, marking a key milestone in its international expansion strategy. The licence to undertake reinsurance business became effective from April 1, 2026.
The development builds on ADNIC’s existing cross-border reinsurance operations in India and follows its recent entry into the Saudi Arabia market. The company said the India branch will support long-term growth by diversifying revenue streams and strengthening service capabilities across high-growth markets. It is also expected to deepen UAE–India economic ties in line with both countries’ push to expand bilateral trade and investment.
The approval reflects continued momentum in the UAE’s business environment, with firms advancing global expansion despite evolving regional conditions. ADNIC said its India foray reinforces its position as a regional multi-line insurer with a growing international footprint.
Chief Executive Officer Charalampos Mylonas said the GIFT City licence is a significant step in ADNIC’s global journey, underlining its commitment to clients and partners in India while delivering reliable and tailored insurance solutions.
In Kolkata, ADNIC’s entry could increase competition in the reinsurance segment, as insurers and brokers in the city look to leverage IFSC-linked opportunities for cross-border risk placement and partnerships. The move is expected to enhance access to global capacity and drive greater integration with international insurance markets.
ADNIC Group currently operates across the UAE, Saudi Arabia, and the United Kingdom, with the India branch set to further expand its global network.