The Salama/Islamic Arab Insurance Co. (P.S.C.) (Salama/IAIC) group displays a stable underwriting performance, with very consistent technical ratios, indicative of effective risk selection. In our view, the overall financial profile of the group has improved to a strong level, based on strong capitalization and operating performance. Accordingly, we are raising our long-term ratings on core members of the Salama/IAIC group to 'A-'. The stable outlook incorporates our expectation of enhanced business and financial profiles, and increased earnings across the group. LONDON (Standard&Poor's) Nov. 9, 2011—Standard&Poor's Ratings Services said today that it raised to 'A-' from 'BBB+' the counterparty credit and insurer financial strength ratings on Dubai-based Islamic Arab Insurance Co. (Salama/IAIC), as well as the core
