'Al-Eqtisadiah' from Riyadh

Tuesday, July 14, 2026 12:48 | 1 minute read

The Saudi Reinsurance Company 'Re' received the Insurance Authority's no-objection to acquire a 22.5% stake on a diluted share basis in UK's 'AdA Risk Holding Co Limited', according to a company statement on Tuesday on Tadawul.

The deal is valued at GBP 8.95 million (approximately SAR 45 million) and will be financed from the company's own financial resources.

The acquisition includes terms, conditions, and warranties provided by each party in accordance with customary practices.

Completion of the deal is subject to the purchase of the relevant shares and obtaining all related regulatory approvals.

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'AdA Risk Holding Co Limited' was established in the United Kingdom and Wales and operates AdA Syndicate 2024, which specializes in marine insurance and specialty insurance in the Lloyd's market in London.

Through the acquisition, 'Re' aims to expand its international activities as part of its global growth strategy by enhancing its presence in the Lloyd's market, being one of the most important global insurance centers.

The acquisition will also enhance the company's ability to develop specialized reinsurance solutions, diversify the insurance portfolio, and leverage the capabilities available in the Lloyd's market.

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The value of the deal and the company's share of AdA's financial results will be reflected in the company's financial statements starting from the third quarter of this year.

The deal is expected to boost the volume of underwritten business from the Lloyd's market starting next year, with its positive impact continuing in the coming years.

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