DUBAI, May 9 (Reuters) - Abu Dhabi's largest listed company IHC IHC.AD said on Friday it plans to set up a new $1 billion artificial intelligence-driven reinsurance platform with BlackRock.
The yet to be named new venture will target $10 billion in liabilities, with BlackRock and Abu Dhabi alternative investment firm Lunate joining as partners, IHC said in a statement.
BlackRock will provide a minority investment commitment to the venture and provide insurance asset management advisory and technology capabilities, it added.
Lunate will offer expertise in private and public markets and its global, multi-asset investment experience in supporting the platform, it added. The platform will be headquartered in Abu Dhabi's financial centre ADGM.
IHC said the new company will be chaired by Sultan Al Jaber, the United Arab Emirates' minister of industry and advanced technology, and led by Mark Wilson, the former chief executive of Aviva and AIA Group.
(Reporting by Hadeel Al Sayegh; Editing by Rashmi Aich)
((Hadeel.AlSayegh@thomsonreuters.com; +971566883310;))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。