ADNIC Expands Global Footprint with New Reinsurance Branch in India’s GIFT City
Abu Dhabi, April 21, 2026: Abu Dhabi National Insurance Company (ADNIC), a regional multi-line insurance provider, has secured regulatory approval to establish a branch in India. The company received its license to conduct reinsurance business from GIFT City, India’s premier International Financial Services Centre (IFSC) in Gujarat, with the mandate becoming effective as of April 1, 2026, the company said in a press release.
This strategic move marks a major milestone in ADNIC’s international expansion strategy. The new branch is designed to build upon the company’s existing cross-border reinsurance operations in the Indian market, following closely on the heels of its recent entry into Saudi Arabia. By establishing a physical presence in Gujarat, ADNIC aims to diversify its revenue streams and enhance service capabilities for clients within high-growth markets, while simultaneously strengthening the economic ties between the UAE and India.
The expansion also serves as a testament to the resilience of the UAE’s business sector. Despite evolving regional developments, ADNIC is moving forward with its strategic priorities to expand into global markets and reinforce its position as a regional insurer with a growing international footprint. The India branch will integrate into ADNIC’s existing network, which currently includes physical offices across the UAE, Saudi Arabia, and the United Kingdom.
Charalampos Mylonas, Chief Executive Officer of ADNIC, emphasized the importance of this regulatory milestone for the company’s future. “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.”
The move aligns with the shared ambitions of both the UAE and India to expand bilateral trade and investment. By operating within the GIFT City ecosystem, ADNIC is positioned to provide specialized insurance and reinsurance coverage worldwide, leveraging India’s burgeoning financial hub to support its long-term growth objectives and international connectivity.
