Salama/IAIC group continues to display rapid, successful business growth, particularly at the restructured BEST RE reinsurance subgroup. We are revising the outlook to positive and affirming the ratings on all entities. As part of a restructuring, Tunis-based BEST RE will convert into a branch and we are withdrawing the Tunis entity's 'BBB+/Positive' ratings at the company's request. We are assigning 'BBB+/Positive' ratings to the restructured reinsurance subgroup's new main operating companies, BEST RE (L) Ltd. and BEST RE Family (L) Ltd. On Dec. 10, 2010, Standard&Poor's Ratings Services revised to positive from stable the outlook on Dubai-based Salama/Islamic Arab Insurance Co. (P.S.C.) (Salama/IAIC) and its wholly owned, strategically core reinsurance subsidiary, Tunis-based BEST RE. At the same time,
