Moody’s Investors Service has today assigned a first-time Ba1 insurance financial strength rating (IFSR) to T’azur Takaful Insurance Company K.S.C.C. (T’azur), based in Kuwait. The rating outlook is stable.
T’azur is a Takaful insurer based in Kuwait and was established in 2007. It writes a mix of non-life, health and takaful life insurance. Moody’s Ba1 rating reflects T’azur’s good market position within the domestic Takaful market, with a market share of around 8% and 5th position in terms of Takaful contributions………………………………………..Full Article: Source