26.03.2013 - A.M. Best assigns ratings to Takaful International Company BSC
A.M. Best Europe - Rating Services Limited has assigned a financial strength rating of B++ (Good) and an issuer credit rating of "bbb" to Takaful International Company BSC (TIC) (Bahrain). The outlook assigned to both ratings is stable. The ratings of TIC reflect its sound domestic profile, satisfactory risk-adjusted capitalisation and sound track record of technical profitability. However, the ratings are tempered by the weaker overall earnings of the company, its higher risk investment portfolio, unsophisticated enterprise risk management (ERM) and the country risk associated with Bahrain...............................................Full Article: Source
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