Saudi Re acquires a minority stake in AdA Risk Holding

Saudi Re has acquired a 22.5% stake in the British company AdA Risk Holding for 8.95 million GBP (12 million USD).

AdA Risk Holding holds the management rights for the 2024 Lloyd's syndicate.

Approved by the Insurance Authority (IA), the transaction enables the Saudi reinsurer to strengthen its presence in the Lloyd’s market.

Headquartered in London, AdA is an underwriting firm specialising in energy, marine and aviation risks.