Abu Dhabi National Insurance Company (ADNIC) has received regulatory approval to establish a branch in India’s International Financial Services Centre at GIFT City, marking a key milestone in its international expansion. The licence, effective April 1, 2026, allows the company to undertake reinsurance business from India. The move builds on ADNIC’s existing cross-border reinsurance operations in India and follows its recent expansion into Saudi Arabia. The India branch is expected to diversify revenue streams and enhance service capabilities across high-growth markets, while strengthening economic ties between the UAE and India.
ADNIC said the development aligns with its long-term growth strategy and reflects confidence in expanding into global markets despite evolving regional dynamics. The company aims to reinforce its position as a regional insurer with a growing international footprint. Chief Executive Officer Charalampos Mylonas said the GIFT City licence marks a significant step in ADNIC’s global journey and underscores its commitment to supporting clients and partners in India with tailored insurance solutions.
In Kolkata, ADNIC’s entry could intensify competition in eastern India’s reinsurance space, particularly as insurers and brokers in the city increasingly engage with international players through IFSC-linked operations. The move may also open new avenues for cross-border risk coverage and partnerships. ADNIC currently operates offices across the UAE, Saudi Arabia, and the United Kingdom, with its India branch set to further expand its global network.
