Strong consolidated capitalization. Strong and diversified competitive position. Good, stable, and potentially improving track record for earnings. Economic and industry risk stems from rapidly expanding operations in developing markets, while revenues are concentrated in Far Eastern reinsurance. Exposure to potential volatility in equity investment values, while yields remain low on other, less risky asset classes. The ratings on Dubai-based Salama/Islamic Arab Insurance Co. (P.S.C.) (Salama) and its strategically core main operating companies of the wholly owned, Labuan-based BEST RE--BEST RE (L) Ltd. and BEST RE Family (L) Ltd.--reflect the whole group's strong commercial profile and very good financial position. The group enjoys strong overall and risk-based capitalization, strong competitive positions across Middle Eastern and Far Eastern insurance and reinsurance markets,
