Saudi Reinsurance Company (Saudi Re) announced the restructuring of its strategic investment in AdA Risk Holding Co. Limited, a UK-based holding company that owns AdA 2024 Syndicate, which operates within the Lloyd's of London insurance market, one of the world's foremost insurance markets.
The transaction, valued at GBP 8.95 million, will result in Saudi Re acquiring a 22.5% ownership interest in AdA Risk Holding Co. Limited. The company has also obtained the Insurance Authority's non-objection to complete the acquisition