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Islamic Finance Briefing - Categorized | Insurance (Takaful), Performance more

Takaful Re BBB stable rating confirmed by S&P

Posted on 16 January 2009

From Zawya.com: Standard & Poor’s (S&P) reconfirmed BBB ‘Stable’ long-term counterparty credit and insurer financial strength ratings to Takaful Re Limited (TRL), a Dubai International Financial Centre (DIFC) based Retakaful operator.

According to S&P, the rating is based on Takaful Re’s strong capitalization, supportive shareholder base, and knowledgeable and experienced management team. This is based on the company’s extremely strong capital adequacy as measured by S&P Services’ risk-based capital model, low reliance on retrocession, and competent reserving practices. …. Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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