UAE- Emirati company achieves highest rating assigned to a Takaful operator worldwide

8/24/2016 12:31:52 AM

(MENAFN- Emirates News Agency (WAM))

ABU DHABI, 23rd August, 2016 (WAM) – Abu Dhabi National Takaful Company (ADNTC), an Emirati company and one of the most progressive insurers in the UAE and a leading provider of Shari'a compliant insurance products, has announced that global rating agency A.M. Best has upgraded its financial strength rating to A- (Excellent) from B++ (Good) and its issuer credit rating to "a-" from "bbb+".

Distinctly, this is the highest rating assigned to a Takaful operator by A.M Best worldwide.

These significant rating upgrades reflect ADNTC's excellent risk-adjusted capitalisation, consistently strong technical performance, and niche market profile as a leading Takaful operator in the United Arab Emirates.

In addition to being accredited with the highest rating by A.M Best out of all Takaful operators worldwide, it also prominently stands among the highest rated conventional insurance companies in the region.

WAM/Hazem/tfaham

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