National Takaful Company

AM Best Withdraws Credit Ratings of Noor Takaful Family PJSC

Retrieved on:

Thursday, March 31, 2022

AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of bb (Fair) of Noor Takaful Family PJSC (NTF) (United Arab Emirates).

Key Points:

AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of bb (Fair) of Noor Takaful Family PJSC (NTF) (United Arab Emirates).
Concurrently, AM Best has withdrawn these Credit Ratings as the company has requested to no longer participate in AM Bests interactive rating process.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Withdraws Credit Ratings of Noor Takaful General PJSC

Retrieved on:

Thursday, March 31, 2022

Insurance, Professional Services, Risk, AM, NTG, Credit, DAT, PJSC, FSR, ALL, Industry, Review, AM Best, United Arab Emirates, News, National Takaful Company, Insurance, Risk management, Watania

AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of bb (Fair) of Noor Takaful General PJSC (NTG) (United Arab Emirates).

Key Points:

AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of bb (Fair) of Noor Takaful General PJSC (NTG) (United Arab Emirates).
Concurrently, AM Best has withdrawn these Credit Ratings (ratings) as the company has requested to no longer participate in AM Bests interactive rating process.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Affirms Credit Ratings of Abu Dhabi National Takaful Company P.S.C.

Retrieved on:

Thursday, October 1, 2020

Insurance, Professional services, Finance, Money, Credit rating agencies, Economy, Islamic banking, Takaful, National Takaful Company, AM Best, Credit rating

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Abu Dhabi National Takaful Company P.S.C.

Key Points:

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Abu Dhabi National Takaful Company P.S.C.
AM Best considers the takaful regulations in the UAE to be sufficiently strong, given the protection it provides to policyholders.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings of National Takaful Company (Watania) PJSC

Retrieved on:

Wednesday, May 6, 2020

Banking, Professional services, Insurance, Finance, Credit rating agencies, National Takaful Company, Watania, Al Madina Takaful, AM Best, Finance, Companies, Economy

AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of "bb+" of National Takaful Company (Watania) PJSC (Watania) (United Arab Emirates) (UAE).

Key Points:

AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of "bb+" of National Takaful Company (Watania) PJSC (Watania) (United Arab Emirates) (UAE).
Furthermore, although Watania operates independently, it benefits from cost efficiencies achieved through reinsurance synergies with its sister company, Al Madina Insurance Company SAOG.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Revises Outlooks to Positive for Abu Dhabi National Takaful Company P.S.C.

Retrieved on:

Friday, September 6, 2019

Insurance, Professional services, Companies, Islamic banking, Takaful, Economy of the United Arab Emirates, Abu Dhabi National Takaful Company, Watania, National Takaful Company, Economy, Al Hilal Bank, Al Madina Takaful

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Abu Dhabi National Takaful Company P.S.C.

Key Points:

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Abu Dhabi National Takaful Company P.S.C.
The revision of the outlooks to positive reflects AM Bests expectation that ADNTC will enhance its position in its domestic market whilst continuing to outperform takaful and conventional insurance peers as it executes its business plan.
AM Best considers the takaful regulations in the UAE to be sufficiently strong, given the protection it provides to policyholders.
In 2018, the company distributed AED 4.4 million surplus to eligible policyholders, making it the first takaful operator in the UAE to distribute surplus.