Magazine date:
Jan 2011 Standard and Poor's has revised its outlook for Dubai Islamic Insurance & Reinsurance from negative to stable. The BBB rating granted for its financial soundness and credit level are confirmed. The outlook revision follows the good performance of the recent years. The prudent management policy now enables the company to grow while generating profits. S & P expects the company to reach a loss ratio of 65% in 2010 and 2011 with an increase in gross premiums by 40% in 2010 and 20% in 2011.