These factors are partially offset by the group’s operating performance, which, although typically good, was hit in 20 by severe, protracted losses relating to the floods in Thailand during late 2011. Our ratings reflect the Salama/IAIC group’s particularly strong capitalization, strong consolidated competitive position, strong liquidity, and similarly strong financial flexibility. (collectively, the BEST RE reinsurance subgroup), both based in Labuan, Malaysia. (P.S.C.) (Salama/IAIC) and its core operating subsidiaries BEST RE (L) Ltd. 21, 2012, Standard & Poor’s Ratings Services affirmed its ‘A-’ long-term counterparty credit and insurer financial strength ratings on Dubai-based Salama/Islamic Arab Insurance Co. The stable outlook reflects our view that both the business and financial profiles of the group will remain strong prospectively.
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