Abu Dhabi National Insurance Company (ADNIC) has renewed its contract with Schlumberger Group to cover the firm’s operations.
Under the terms of the agreement, ADNIC will provide insurance and reinsurance coverage for Schlumberger’s regional oil and gas operations.
The MoU was signed by Adrian Latimer, risk manager, Schlumberger Group; Ahmad Idris, CEO of ADNIC; and Rory McLeay, managing director, JLT International Network,
“The renewal of this contract with Schlumberger is an acknowledgment of ADNIC ‘s position as one of the leading insurers and reinsurers for the regional oil and gas industry,” said Idris.
“As an international leader with significant and long-term interests in the regional oil and gas sector, Schlumberger has complex risk management needs, which ADNIC is able to provide due to its operational and underwriting capabilities.”
Latimer commented: “We are delighted to continue our long and successful insurance relationship with ADNIC, a leading insurer in the region and a company that has supported our business for 19 years.
“It is important to us to be able to access reliable and stable insurance capacity year after year, and to work with insurers who understand our business.”
