Saudi Re plans to acquire a minority stake in UK-based AdA Risk Holding as it expands its international presence
Saudi Reinsurance Co.received on July 13 the Insurance Authority’s no-objection to acquire a 22.5% stake, on a fully diluted basis, in UK-based AdA Risk Holding Co. for SAR 45.14 million (GBP 8.95 million). 
AdA Risk Holding owns the managing rights of Syndicate 2024 at Lloyd’s of London, Saudi Re said in a statement to Tadawul.
The Tadawul-listed insurer will self-finance the transaction, subject to completing the related share purchase and acquiring the required regulatory approvals.
Through the acquisition, Saudi Re aims to expand its international operations by strengthening its presence in the Lloyd’s market—one of the world’s leading insurance hubs.
The transaction is also expected to enhance the company’s ability to develop specialized reinsurance solutions, diversify its insurance portfolio, and leverage the capabilities available within the Lloyd’s market, creating sustainable long-term value for its shareholders and customers.
The company noted that AdA Risk Holding was incorporated in England and Wales and serves as the holding company of AdA Underwriters Ltd., which manages AdA Syndicate 2024, a specialist underwriting platform focused on marine and specialty insurance lines at Lloyd’s in London.
Saudi Re added that the transaction value and its share of AdA’s financial results will be reflected in the company’s financial statements starting from the third quarter of 2026. It expects the acquisition to contribute to higher underwriting volumes sourced from the Lloyd’s market beginning in 2027, with its positive impact continuing in the years ahead.
Saudi Re plans to acquire a minority stake in UK-based AdA Risk Holding as it expands its international presence
Saudi Reinsurance Co.received on July 13 the Insurance Authority’s no-objection to acquire a 22.5% stake, on a fully diluted basis, in UK-based AdA Risk Holding Co. for SAR 45.14 million (GBP 8.95 million).
AdA Risk Holding owns the managing rights of Syndicate 2024 at Lloyd’s of London, Saudi Re said in a statement to Tadawul.
The Tadawul-listed insurer will self-finance the transaction, subject to completing the related share purchase and acquiring the required regulatory approvals.
Through the acquisition, Saudi Re aims to expand its international operations by strengthening its presence in the Lloyd’s market—one of the world’s leading insurance hubs.
The transaction is also expected to enhance the company’s ability to develop specialized reinsurance solutions, diversify its insurance portfolio, and leverage the capabilities available within the Lloyd’s market, creating sustainable long-term value for its shareholders and customers.
The company noted that AdA Risk Holding was incorporated in England and Wales and serves as the holding company of AdA Underwriters Ltd., which manages AdA Syndicate 2024, a specialist underwriting platform focused on marine and specialty insurance lines at Lloyd’s in London.
Saudi Re added that the transaction value and its share of AdA’s financial results will be reflected in the company’s financial statements starting from the third quarter of 2026. It expects the acquisition to contribute to higher underwriting volumes sourced from the Lloyd’s market beginning in 2027, with its positive impact continuing in the years ahead.
