The Abu Dhabi Investment Office (ADIO) and Prudential Financial Inc (PFI) have signed a strategic collaboration to expand Abu Dhabi’s reinsurance capacity, as well as long-term investment, retirement savings, and income.
The collaboration is centred on bolstering the emirate’s insurance and reinsurance capabilities while also introducing new investment management, retirement savings, and income vehicles able to serve both institutional and individual clients.
PFI offers a proven global track record in two key areas: asset management (leveraging its global investment management business, PGIM) and leading capabilities in life insurance, retirement, and longevity risk management (delivered through its insurance subsidiaries).
It has a diverse client base, which includes individual investors, small to medium-sized businesses, multinational corporations, and pension funds.
The collaboration will allow PFI to expand its presence in Abu Dhabi, leveraging the emirate’s modern, pragmatic regulatory environment, global connectivity and access to regional capital.
ADIO and PFI will work together to deepen engagement with local financial institutions in their development of financial products tailored to regional needs, such as scalable investment and retirement solutions designed for the UAE and broader GCC markets.
The collaboration will also support the design of income and reinsurance strategies that enhance financial security, increase risk resilience and adopt global best practices.
His Excellency Badr Al-Olama, Director General of the Abu Dhabi Investment Office, said: “Through our collaboration with PFI, we are enabling the development of portable savings systems, deepening reinsurance capacity and creating the financial architecture of the Falcon Economy.
“FIDA brings together the full ecosystem, from regulators and global institutions to universities and innovators, to ensure that Abu Dhabi serves as a launchpad for next generation financial solutions that not only support the emirate’s economic transformation but deliver long-term impact across the region and beyond.”
PFI and ADIO will also focus on strengthening Abu Dhabi’s financial sector expertise. They will collaborate with universities, research institutions, and academic bodies to foster talent development in key areas – insurance, risk management, and financial planning – which are vital for the sector’s enduring resilience and competitiveness.
This collaboration looks to boost cross-border engagement, establishing Abu Dhabi as a centre for regional and international insurance innovation.
Integrating PFI’s global expertise in retirement, insurance, reinsurance, and asset management aims to expand Abu Dhabi’s access to global best practices and support its financial services export growth.
Dylan Tyson, Head of PFI’s Global Retirement Center of Excellence, commented: “We are proud of this opportunity to partner and help advance Abu Dhabi’s forward-thinking approach to financial innovation, further bridging PFI’s global legacy of US market leadership in the West and the strength of our Japanese businesses in the East.
“Together with ADIO, PFI’s retirement and reinsurance businesses are committed to collaborating with PGIM on systems and solutions that support families, institutions and economies for generations to come.”
Mohammed Abdulmalek, Head of the Middle East for PGIM, stated: “We are confident that this exciting work leveraging the full complement of PFI’s capabilities, alongside PGIM’s asset management expertise and current work in the region, will help drive further growth, economic development and financial security in Abu Dhabi.
“Building on our existing partnership with ADIO and our innovation platform, RealAssetX, this reinforces our commitment to deepening collaboration and delivering innovative solutions that strengthen the emirate’s financial ecosystem.”
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