Abu Dhabi National Insurance gets approval to set up reinsurance branch in India’s GIFT City
Abu Dhabi National Insurance Company (ADNIC) has received regulatory approval to operate a reinsurance branch from India’s International Financial Services Centre at GIFT City, according to a company statement released on April 21. The licence, effective April 1, allows the insurer to undertake reinsurance business from the Gujarat-based financial hub. The move adds to ADNIC’s…
