Latest news with #Lunate
Zawya
04-08-2025
- Business
- Zawya
IHC, RIQ announce strategic 10-year alliance anchored by over $500mln in reinsurance premiums
ABU DHABI: RIQ, the AI-native reinsurance platform purpose-built for the future of global risk transfer, has entered into a preferred reinsurance partnership with IHC, anchored by a targeted allocation of over USD 500 million in risk coverage within the coming decade. Based in Abu Dhabi Global Market and launched earlier this year by IHC in partnership with BlackRock and Lunate, RIQ will offer a full suite of reinsurance solutions, working closely with IHC and its portfolio companies to structure capital-efficient coverage across complex Specialty and Property and Casualty (P&C) risk classes. Leveraging advanced data modelling and AI-augmented underwriting, the platform is purpose-built to meet the demands of a rapidly evolving risk environment. This partnership represents IHC's commitment to pioneering intelligent capital deployment and transformative risk transfer solutions. By leveraging RIQ's AI-powered infrastructure, IHC aims to enhance the resilience and operational agility of its group companies. The collaboration also aligns with Abu Dhabi's ambition to lead globally in structured reinsurance and financial innovation. RIQ is currently advancing through its regulatory journey with the Financial Services Regulatory Authority (FSRA) of ADGM, as it moves toward formal authorization as a reinsurer. In parallel, final preparations are underway for the execution of the reinsurance transaction between IHC and RIQ, which remains subject to regulatory clearance. This transaction will mark a foundational step in RIQ's operational rollout. Syed Basar Shueb, CEO of IHC, said: 'This partnership reflects IHC's conviction in the transformative power of intelligent capital and data-driven risk transfer. By aligning with RIQ, we are catalyzing the next chapter of Abu Dhabi's evolution as a global center for reinsurance innovation. This is not just a financial commitment, it is a strategic investment in the future of resilient infrastructure and industrial agility.' Mark Wilson, CEO of RIQ, noted: 'We are proud to collaborate with IHC in this milestone partnership. RIQ's platform is engineered to deliver intelligent risk solutions at pace, fusing advanced analytics, underwriting discipline, and strategic capital. This announcement marks a defining step in our mission to reshape global reinsurance from Abu Dhabi outward.'' Additional strategic updates are expected in the coming months, as RIQ executes on its global buy-and-build strategy. With over USD 1 billion in equity commitments from IHC and strategic partners BlackRock and Lunate, and anchored in AI-native infrastructure, RIQ aims to ultimately write USD 10 billion per year, redefining the future of reinsurance through intelligence, scale, and strategic discipline.
Arabian Business
10-07-2025
- Business
- Arabian Business
Abu Dhabi's Lunate adds HSBC as its first international Authorised Participant for ETFs
HSBC Bank UK has become the first international Authorised Participant (AP) for Abu Dhabi-based global investment management firm, Lunate's ETF platform. Lunate announced the addition of HSBC for both its UCITS and Securities and Commodities Authority (SCA) regulated ETF ranges. The global bank will become the seventh AP for the range of ETFs. HSBC joins Lunate's ETF platform The appointment strengthens the alternative investment firm's partnership with HSBC, one of the world's largest banking and financial services institutions, serving over 40 million customers. As a major provider of liquidity in the international ETF market, the addition of HSBC further extends the appeal of Lunate's ETFs by enhancing liquidity and trading accessibility for its clients. HSBC's global footprint and scale will drive greater visibility for Lunate's ETF products, supporting its strategy to expand and diversify the investor base of its public markets offering. Sherif Salem, Partner & Head of Public Markets at Lunate, commented: 'We are pleased to appoint HSBC as our first international AP, marking a key milestone in the expansion of the ETF ecosystem in the UAE stock markets. This appointment reinforces our commitment to further developing the ETF landscape in the UAE. 'By partnering with leading global institutions of HSBC's caliber, we are enhancing the value we offer to investors in the region and globally.' The alternative investment firm's range of UCITS and local ETFs currently comprises 18 equity and fixed-income funds, offering exposure to several developed and emerging markets. Nabeel Albloushi, Head of Markets and Securities Services, MENAT at HSBC, added: 'Our appointment as the first international AP on Lunate's ETF platform highlights the strength of our partnership and shared ambition to expand market access in the UAE. 'This milestone with Lunate and ADX reflects HSBC's commitment to advancing accessible, efficient capital markets and supporting the UAE's growing ETF landscape.' Lunate is a pioneer in the regional ETF sector, offering a full suite of market ETFs listed on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM). Its products provide individuals and institutions with an efficient and cost-effective way to build diversified long-term investment portfolios. Abdulla Salem Alnuaimi, Group CEO of ADX, said: 'This collaboration is expected to further support long-term capital growth across the market. With 16 ETFs listed on ADX, this strengthens our efforts to provide investors with future-focused opportunities, contributing to the continued development of Abu Dhabi's dynamic and diversified financial landscape.'
Zawya
09-07-2025
- Business
- Zawya
Lunate adds HSBC as Authorised Participant for its ETF range
Lunate, an independent Abu Dhabi-based global investment management firm, today announced the addition of HSBC Bank UK ('HSBC') as an Authorised Participant ('AP') for both Lunate's UCITS and Securities and Commodities Authority ('SCA') regulated ETF ranges, marking the first international AP to join Lunate's ETF platform and the seventh AP on the range of ETFs. The appointment grows Lunate's partnership with HSBC, one of the largest banking and financial services institutions in the world, serving more than 40 million customers. As a major provider of liquidity in the international ETF market, the addition of HSBC as an AP further extends the appeal of Lunate's ETFs by enhancing liquidity and trading accessibility for its clients. HSBC's global footprint and scale will drive greater visibility for Lunate's ETF products, supporting its strategy to expand and diversify the investor base of its public markets offering. Sherif Salem, Partner & Head of Public Markets at Lunate, said, 'We are pleased to appoint HSBC as our first international AP, marking a key milestone in the expansion of the ETF ecosystem in the UAE stock markets. This appointment reinforces our commitment to further developing the ETF landscape in the UAE. By partnering with leading global institutions of HSBC's calibre, we are enhancing the value we offer to investors in the region and globally.' Nabeel Albloushi, Head of Markets and Securities Services, MENAT at HSBC, said, 'Our appointment as the first international Authorised Participant on Lunate's ETF platform highlights the strength of our partnership and shared ambition to expand market access in the UAE. This milestone with Lunate and ADX reflects HSBC's commitment to advancing accessible, efficient capital markets and supporting the UAE's growing ETF landscape.' Abdulla Salem Alnuaimi, Group CEO of ADX, stated, 'We congratulate Lunate and HSBC on their partnership, which reinforces global confidence in the UAE's financial markets by broadening access to innovative and sustainable investment opportunities. This collaboration is expected to further support long-term capital growth across the market. With 16 ETFs listed on ADX, this collaboration supports long-term growth and strengthens our efforts to provide investors with future-focused opportunities, contributing to the continued development of Abu Dhabi's dynamic and diversified financial landscape.' Lunate is a pioneer in the regional ETF sector, offering a full suite of market ETFs listed on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM). Its products provide individuals and institutions with an efficient and cost-effective way to build diversified long-term investment portfolios. Lunate's range of UCITS and local ETFs currently consists of 18 equity and fixed-income funds offering exposure to several developed and emerging markets.
Zawya
09-07-2025
- Business
- Zawya
Lunate adds HSBC as an authorized participant for its ETF range
Appointment enhances liquidity and trading accessibility for public investors, reflecting Lunate's commitment to strengthening the region's ETF ecosystem Abu Dhabi: Lunate, an independent Abu Dhabi-based global investment management firm today announced the addition of HSBC Bank UK ('HSBC') as an Authorized Participant ('AP') for both Lunate's UCITS and Securities and Commodities Authority ('SCA') regulated ETF ranges, marking the first international AP to join Lunate's ETF platform and the seventh AP on the range of ETFs. The appointment grows Lunate's partnership with HSBC, one of the largest banking and financial services institutions in the world, serving more than 40 million customers. As a major provider of liquidity in the international ETF market, the addition of HSBC as an AP further extends the appeal of Lunate's ETFs by enhancing liquidity and trading accessibility for its clients. HSBC's global footprint and scale will drive greater visibility for Lunate's ETF products, supporting its strategy to expand and diversify the investor base of its public markets offering. Sherif Salem, Partner & Head of Public Markets at Lunate, said: 'We are pleased to appoint HSBC as our first international AP, marking a key milestone in the expansion of the ETF ecosystem in the UAE stock markets. This appointment reinforces our commitment to further developing the ETF landscape in the UAE. By partnering with leading global institutions of HSBC's caliber, we are enhancing the value we offer to investors in the region and globally.' Nabeel Albloushi, Head of Markets and Securities Services, MENAT at HSBC, said: 'Our appointment as the first international Authorized Participant on Lunate's ETF platform highlights the strength of our partnership and shared ambition to expand market access in the UAE. This milestone with Lunate and ADX reflects HSBC's commitment to advancing accessible, efficient capital markets and supporting the UAE's growing ETF landscape.' Abdulla Salem Alnuaimi, Group CEO of ADX, stated: 'We congratulate Lunate and HSBC on their partnership, which reinforces global confidence in the UAE's financial markets by broadening access to innovative and sustainable investment opportunities. This collaboration is expected to further support long-term capital growth across the market. With 16 ETFs listed on ADX, this collaboration supports long-term growth and strengthens our efforts to provide investors with future-focused opportunities, contributing to the continued development of Abu Dhabi's dynamic and diversified financial landscape.' Lunate is a pioneer in the regional ETF sector, offering a full suite of market ETFs listed on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM). Its products provide individuals and institutions with an efficient and cost-effective way to build diversified long-term investment portfolios. Lunate's range of UCITS and local ETFs currently consists of 18 equity and fixed-income funds offering exposure to several developed and emerging markets.
Arabian Business
05-07-2025
- Business
- Arabian Business
BlackRock reportedly talking to Aramco to sell stake in pipelines business
American investment giant BlackRock is considering a sale of its stake in the leasing rights to Saudi Aramco's natural-gas pipeline network back to the energy giant, a report by Bloomberg said, based on talks with people familiar with the matter. The New York City-based company, which has over US$11.5 trillion in assets under management, is in talks with Aramco about a potential deal, the unnamed sources said, adding that BlackRock might consider a sale to other buyers if an agreement with the Saudi oil company is not reached. If the deal comes through, it would demonstrate Aramco's confidence in the growing value of the business and its importance to the country's energy infrastructure. Representatives for BlackRock declined to comment on the development. BlackRock acquired the asset in 2021, when a group led by the firm invested US$15.5 billion to buy 49 per cent of the entity that holds leasing rights over the pipelines. Aramco hailed the deal as a demonstration of its ability to draw global investors. In another deal that year, Aramco also sold a US$12.4 billion stake related to its oil pipelines. The twin deals are among the company's largest-ever divestments, and came as the kingdom ramped up efforts to sell assets and fund new industries from artificial intelligence to electric vehicles. BlackRock was involved in a similar deal last year when Abu Dhabi-based Lunate bought back BlackRock and KKR & Company's 40 per cent stake in Abu Dhabi National Oil Co.'s oil pipeline network. Lunate did not disclose how much it paid for the return of the stake to local hands. In June 2019, ADNOC said it was selling 40 per cent stake in ADNOC Oil Pipelines for US$4 billion. Under the deal, the pipeline company leased ADNOC's interest in 18 pipelines transporting crude oil and condensates across ADNOC's upstream concessions for 23 years. The two US funds became the first foreign investors to acquire infrastructure assets of a Gulf national oil company.
