Abu Dhabi - Mubasher: Al Wathba National Insurance Company invested in London Bridge 2 PCC, Cell 27, marking a major step in its growth journey with the finalization of a key strategic investment.
In line with its revenue diversification strategy, the transaction enables Al Wathba Insurance to gain access to the Lloyd's Market, according to a press release.
Starting in 2026, this will enable the company to realize returns generated from an underlying portfolio of over $100 million in global Property & Casualty (P&C) premium.
The company partnered with Lockton Re, including the CEO of MENA, Gerard Monayer, and the Head of Lloyd’s Capital, James Mackay, to structure the transaction and curate the portfolio of underlying Lloyd’s Syndicates.
Shukri Almheiri, CEO of Al Wathba Insurance, stated: "This milestone investment will provide Al Wathba Insurance with a significant competitive edge. We will leverage the highly sophisticated risk solutions available through Lloyd's of London, alongside capitalizing on the investment returns that the Lloyd's market has historically delivered.”
