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, and strong liquidity, in addition to good investment strategies, good financial flexibility, and good operating performance. The group trades under the Salama brand for primary insurance and under the BEST RE name for inward reinsurance activities. Salama and its subsidiaries enjoy a strong business position based on the well-diversified provision of explicitly Sharia-compliant insurance (takaful)
