RIQ, the reinsurance arm of International Holding Company (IHC), has signed a memorandum of understanding (MoU) with Abu Dhabi Future Energy Company (Masdar) to co-develop advanced reinsurance solutions for the clean energy sector.
The partnership will focus on addressing the complex risks of the global energy transition by embedding dedicated reinsurance capacity into Masdar’s international insurance programmes. The move is designed to enhance coverage, improve capital efficiency and deliver more competitive pricing across Masdar’s growing portfolio of renewable energy projects.
Under the agreement, RIQ and Masdar will explore collaboration across the full insurance value chain, including risk engineering, underwriting and claims support, to ensure clean energy projects are protected from construction through to operation.
Backed by over US$1 billion in equity commitments from IHC and strategic partners BlackRock and Lunate, RIQ aims to apply institutional capital and data-driven underwriting to climate-aligned infrastructure and emerging risk classes.
Mark Wilson, CEO of RIQ, said: “Masdar is a global leader in renewable energy, and this partnership reflects our shared belief that the future of infrastructure must be both resilient and intelligent. At RIQ, we’re building the digital architecture of tomorrow’s insurance economy, one that supports clean energy investment with smarter capital and sharper risk insight.”
The MoU sets out a three-year framework for ongoing dialogue and implementation, supporting Abu Dhabi’s ambitions to position itself as a global centre for climate finance and AI-enabled risk management.
Mazin Khan, Chief Financial Officer of Masdar, said: “As Masdar continues to expand its global clean energy footprint, we recognise the need for innovative financial and risk solutions that match the scale and complexity of our investments. By partnering with RIQ, we are aiming to embed resilience and intelligence throughout our operations, enabling us to better safeguard our assets and improve capital efficiency.”
He added that the collaboration would help Masdar advance towards its target of achieving 100GW of clean energy capacity by 2030.
RIQ, described as an AI-native reinsurance platform, is targeting $10 billion in annual underwriting and aims to become a global leader in managing complex and emerging risks. The partnership marks a step forward in integrating advanced risk solutions into the foundations of clean energy development to support scalable, sustainable growth.
Follow us on
