Tagged: BEST Re

A.M. Best Withdraws Ratings of Islamic Arab Insurance Co. (Salama)

A.M. Best Withdraws Ratings of Islamic Arab Insurance Co. (Salama)

A.M. Best Europe – Rating Services Limited has downgraded the financial strength rating of Islamic Arab Insurance Co. (Salama). This is due to the uncertainty regarding Salama’s main subsidiary, BEST RE Limited (Malaysia), and the potential implications for Salama’s capitalisation, operating performance and profile. Concurrently, A.M. Best has withdrawn the ratings as Salama has requested to no longer participate in their rating process.

T’azur signs treaty with Hannover Retakaful

T’azur signs treaty with Hannover Retakaful

T’azur Company b.s.c., (T’azur), a regional Takaful (Islamic Insurance) company headquartered in the Kingdom of Bahrain, announced today the signing of an Islamic re-insurance agreement with Hannover Retakaful, the Bahrain-based Islamic subsidiary of H…