RIQ, an AI-driven reinsurance platform launched by International Holding Company (IHC) in partnership with BlackRock and Lunate, has entered into a preferred reinsurance agreement with IHC.
The partnership includes a targeted allocation of more than US$500 million in risk coverage over the next decade.
Based in the Abu Dhabi Global Market (ADGM), RIQ was introduced earlier this year as a reinsurance platform focused on structuring capital-efficient coverage for complex specialty and property and casualty (P&C) risks.
The platform integrates AI-enabled underwriting and data modeling to support decision-making in high-volatility classes.
Under the agreement, RIQ will work with IHC and its portfolio companies to develop customized risk transfer strategies. According to IHC, the partnership reflects its approach to capital deployment and risk management through data-supported underwriting.
The effort also aligns with broader plans to expand Abu Dhabi’s role in global reinsurance and financial innovation.
RIQ is currently in the final stages of obtaining formal authorization from the Financial Services Regulatory Authority (FSRA) of ADGM.
The company is governed by a board chaired by Dr. Sultan Ahmed Al Jaber, the UAE’s minister of industry and advanced technology. Other board members include IHC CEO Syed Basar Shueb, Mohamed Hassan Alsuwaidi, Sofia Abdellatif Lasky, and RIQ CEO Mark Wilson.
RIQ’s infrastructure includes support from BlackRock’s Aladdin platform, which will be used for asset management and risk modeling.
With over US$1 billion in equity commitments from IHC and its partners, RIQ plans to scale operations to write up to US$10 billion in reinsurance premiums annually.
Mark Wilson (pictured above), CEO of RIQ, said the agreement with IHC represents a key step in RIQ’s broader objectives.
“RIQ’s platform is engineered to deliver intelligent risk solutions at pace, fusing advanced analytics, underwriting discipline, and strategic capital,” Wilson said.
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