Saudi Re to take a strategic minority stake in AdA in support of the Company’s targeted growth strategy
London and Riyadh — [July 14, 2026] — AdA Risk Holding Co Limited (“AdA”) today announced a strategic minority investment from Saudi Reinsurance Company (“Saudi Re”). The new partnership represents a natural development in AdA and Saudi Re’s established relationship.
The transaction represents a significant milestone in AdA’s journey, with the introduction of a high-quality, long-term strategic partner. The transaction positions AdA further to establish itself as a differentiated, high-quality specialty underwriting platform within the Lloyd’s market.
“We are delighted to welcome Saudi Re as a strategic partner, a business with whom we have worked closely since AdA was first established in 2023. This partnership will be instrumental as we continue to expand our underwriting platform and execute on our long-term strategy at Lloyd’s”, said Natasha Jodrell, CEO of AdA.
“Partnering with AdA marks an exciting new chapter for Saudi Re. As a differentiated specialty Lloyd’s underwriting platform led by an experienced and results-driven management team, AdA is primed for a strong future. This strategic investment builds upon our past success and strengthens Saudi Re’s foothold in the Lloyd’s market. Furthermore, it drives our global growth strategy forward and aligns with our goals to diversify our portfolio and develop specialty reinsurance solutions, creating value for its shareholders and clients.”, said Ahmed Al-Jabr, CEO of Saudi Re.
Howden Capital Markets & Advisory acted as exclusive financial advisor to AdA. Clyde & Co. acted as legal advisor to AdA.
Saudi Re was advised by PwC and Willkie Farr & Gallagher.
ABOUT ADA:
AdA is a London-based specialty underwriting business focused on delivering disciplined, high-quality underwriting across Energy, Marine, Cargo, Specie, and Aviation classes. Founded in 2023 by Natasha Jodrell, James Grainger, and Paddy Riordan, the business was established with the ambition of building a leading specialty Syndicate within Lloyd’s.
AdA initially launched via a Special Purpose Arrangement (“SPA”) hosted by Probitas Managing Agency for the 2024 Year of Account, subsequently transitioning to a full syndicate following Lloyd’s approval for the 2026 Year of Account. The business is led by an experienced management team with deep sector expertise. AdA has rapidly established a strong market position, underpinned by disciplined underwriting and a focused portfolio strategy. For information visit https://ada-uw.com/.
ABOUT SAUDI RE:
Saudi Re is a Public Investment Fund portfolio company listed on the Saudi Exchange with a paid-up capital of SAR 1.7 billion. The Company is among the leading reinsurance providers in the MENA region. Established in 2008 as a composite reinsurer, Saudi Re offers a wide range of treaty and facultative reinsurance solutions, The Company holds an S&P A- rating with a Positive Outlook and a Moody’s A2 rating with a Stable Outlook.
Saudi Re operates in more than 40 markets across the Middle East, Asia, and Africa through its headquarters in Riyadh and its branches in Malaysia and India. The Company is regulated by the Saudi Arabian Insurance Authority.