Abu Dhabi National Insurance Company (Adnic), a leading insurance firm in the UAE, has won the best company award from World Finance Magazine for the second consecutive year.

The “ME Insurance Company of the Year 2010” award was presented to Adnic’s CEO Walid Sidani and Deputy CEO – Non-Marine Ahmad Idris at a ceremony held in at the London Stock Exchange.

The award recognizes the company’s financial stability, coherent development strategy, product innovation, exceptional response to customer needs, and enhanced quality service, said an Adnic statement.

Walid Sidani said, "Receiving this award from a prestigious entity like the World Finance Magazine for two consecutive years proves we are on the right track."

"Being recognized for a successful management, a development-focused and client-servicing approach encourages the team to accelerate their efforts to provide our clients with reliable, competitive, and flexible, insurance solutions," Sidani added.

On the awards selection, Alexander Redcliffe, editor of World Finance Magazine, said the judges’ collective decision was based on the company’s ability to set an industry-wide example of best practice.

"The success of Adnic’s executives’ "Aggressive and Profitable Growth" vision was demonstrated through the positive feedback industry leaders provided about Adnic.”

The company had recently received high ratings from Standard & Poor’s (S&P) and AM Best Company.-TradeArabia News Service