A M Best Europe, a leading global credit rating organisation, has affirmed the ratings of Bahrain-based Solidarity General Takaful for the second consecutive year.

Solidarity General Takaful is a subsidiary of Solidarity Group Holding, the largest takaful group in the world.

The company has maintained a financial strength rating of "B++" (Good) and insurer credit rating of "bbb", both with a stable outlook, said a statement from the company.

Solidarity General Takaful's ratings reflects its sound level of risk-adjusted capitalisation and niche market profile as a leading takaful operator in the kingdom, it added.

Chief executive of Solidarity group, Ashraf Bseisu attributed this milestone achievement to the solid vision and clear strategies of the group, and the devotion and dedication of the management team and staff.

Bseisu said: “With the international recognition and accreditation of our major operating platforms, the group has managed to establish its position as one of the leading industry players in the region, setting it apart from all but a handful of regional market players.” – TradeArabia News Service