Abu Dhabi – Mubasher: International Holding Company (IHC) has entered into a 10-year strategic partnership with the recently launched platform RIQ, while additional updates are expected in the coming months, according to a press release.
IHC targets more than $500 million in reinsurance premiums as risk coverage over the next decade through RIQ to anchor the long-term partnership.
The collaboration, meanwhile, accelerates Abu Dhabi’s rise as a global hub for reinsurance and intelligent risk management.
The CEO of IHC, Syed Basar Shueb, said: “This partnership reflects IHC’s conviction in the transformative power of intelligent capital and data-driven risk transfer.”
Shueb elaborated: “By aligning with RIQ, we are catalyzing the next chapter of Abu Dhabi’s evolution as a global center for reinsurance innovation. This is not just a financial commitment, it is a strategic investment in the future of resilient infrastructure and industrial agility.”
From his part, Mark Wilson, the CEO of RIQ, said: “RIQ’s platform is engineered to deliver intelligent risk solutions at pace, fusing advanced analytics, underwriting discipline, and strategic capital. This announcement marks a defining step in our mission to reshape global reinsurance from Abu Dhabi outward.”
RIQ, which was launched earlier in 2025 as a next-gen AI-native reinsurance platform, executes on its global buy-and-build strategy and with more than $1 billion in equity commitments from IHC and strategic partners BlackRock and Lunate, RIQ aims to ultimately write $10 billion per year, redefining the future of reinsurance through intelligence, scale, and strategic discipline.
The platform aims to provide a full suite of reinsurance solutions, working closely with IHC and its portfolio companies to structure capital-efficient coverage across complex Specialty and Property and Casualty (P&C) risk classes. In addition, RIQ is currently advancing through its regulatory journey with the Financial Services Regulatory Authority (FSRA) of ADGM as it moves toward formal authorization as a reinsurer.
Meanwhile, final preparations are underway for the execution of the reinsurance transaction between IHC and RIQ, subject to regulatory clearance. This transaction will mark a foundational step in RIQ’s operational rollout.
It is worth noting that IHC recently completed the takeover of eFunder and rebranded it as Zelo to scale the platform’s impact and growing access to capital for the most dynamic businesses in the region.
