UAE: Abu Dhabi National Takaful upgraded to A- by A.M. Best
Source: Middle East Insurance Review | Oct 2016
Abu Dhabi National Takaful Company (ADNTC) has had its financial strength rating upgraded to A- excellent from B++ (Good) by A.M. Best, while its issuer credit rating has also been upgraded to “a-” from “bbb+”.
It marks the highest rating assigned to a takaful operator by the rating agency.
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 UAE, said A.M. Best.
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 among all insurance companies in the region.