Intelligent Insurer Awards 2011 – Global Best Rating Agency
Intelligent Insurer magazine surveyed 13,000 readers. The survey group included delegates to Monte Carlo, Baden Baden, PCIAA and other regional reinsurance meetings including FIDES (Latin America), EAIC and SIRC (Asia).
This group voted Standard & Poor’s to be the Global Best Rating Agency.
The International Takaful Awards 2011 – Best Rating Agency
LONDON (Standard & Poor's) Aug. 11, 2011--For the fourth consecutive year, Standard & Poor's Ratings Services has been voted Best Ratings Agency at the International Takaful Awards 2011 in London, reinforcing its position as the leading rating agency for Islamic insurers.
Standard & Poor's currently publishes research and ratings on 15 Takaful and Retakaful firms located in Bahrain, Kuwait, Malaysia, Saudi Arabia, Singapore, and the United Arab Emirates. In May 2011, it assigned ratings for the first time to start-up Islamic insurance companies Noor Takaful Family and Noor Takaful General, based in the United Arab Emirates.
"We are delighted to be recognized by the Islamic finance community once again for our ongoing commitment to supporting the development of the Shariah-compliant insurance sector," said Yann Le Pallec, managing director of Standard & Poor's Ratings Services in Europe, Middle East, and Africa.
"Receiving this award is clear recognition of the value that investors have placed on our sustained analytical focus on Islamic finance over a number of years, and Standard & Poor's will continue to look for new ways to serve the needs of Islamic investors with independent and objective credit ratings and
risk assessment products."
The International Takaful Awards are an initiative of the Middle East Business Forum and Afkar Consulting, with winners selected by a panel of Shariah judges, lawyers, journalists, and practitioners from the world's leading Islamic insurance firms.
Standard & Poor's has also been named Best Rating Agency for Islamic Finance at The Asset magazine's 2011 Asian Awards. The Asset magazine targets the community of leading corporate and financial decision makers in Asia.
Reactions London Market Awards 2011 – Best Rating Agency
The London market's best insurers, reinsurers and brokers were revealed in front of a packed crowd at the Reactions London Market Awards Dinner on June 30.
The winners, judged by an independent panel from the London market, picked up their awards at the Grange City Hotel in London, in front of a crowd of 300 of the London market's biggest names.
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