DUBAI, May 9 (Reuters) - Abu Dhabi's largest listed

company IHC said on Friday it plans to set up a new $1

billion artificial intelligence-driven reinsurance platform with

BlackRock ( BLK ).

The yet to be named new venture will target $10 billion in

liabilities, with BlackRock ( BLK ) and Abu Dhabi alternative investment

firm Lunate joining as partners, IHC said in a statement.

BlackRock ( BLK ) will provide a minority investment commitment to

the venture and provide insurance asset management advisory and

technology capabilities, it added.

Lunate will offer expertise in private and public markets

and its global, multi-asset investment experience in supporting

the platform, it added. The platform will be headquartered in

Abu Dhabi's financial centre ADGM.

IHC said the new company will be chaired by Sultan Al Jaber,

the United Arab Emirates' minister of industry and advanced

technology, and led by Mark Wilson, the former chief executive

of Aviva and AIA Group ( AAIGF ).