A.M. Best affirms Takaful International’s rating (A-)

TDT | Manama                                                      

The Daily Tribune – www.newsofbahrain.com

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Following its annual review, A.M. Best International has affirmed its A- (excellent) rating and the long-term issuer credit rating of “a-” for Takaful International Company B.S.C. with a stable outlook for both ratings.

The ratings reflect the company’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.

Takaful International is proud to be the first and only Takaful company in Bahrain to be classified within the A- financial and credit rating category. The rating also underscores the strategic support and synergies between Takaful International and its parent company and Gulf Insurance Group, as well as their disciplined approach to corporate governance.

On this occasion, Essam Al Ansari, the Chief Executive of Takaful International Company, expressed his pride in this achievement, emphasizing that the credit rating validates the company’s strong operating profits.

Mr. Al Ansari further stated, “The report from the international agency AM Best, coming amidst many challenges facing both the regional and global insurance markets, confirms the company’s ability to adapt to the volatile conditions of the insurance market while maintaining its financial stability and sustainable growth.

We believe this rating will not only inspire trust among our clients but also provide reassurance to our shareholders about the company’s stability.”