Tag Archives: Sukoon Insurance

Sukoon Insurance’s ‘A’ Rating Reaffirmed by S&P with Stable Outlook

April 28th, 2026

Dubai, United Arab Emirates (UAE)

Sukoon Insurance today announced that S&P Global Ratings has reaffirmed its ‘A’ issuer credit and insurer financial strength ratings, along with a stable outlook. The reaffirmation also extends to its subsidiary, Sukoon Takaful. This rating underscores Sukoon’s unwavering financial resilience, robust risk management, and strategic growth trajectory in a complex macroeconomic environment.

In its latest report, S&P highlighted Sukoon’s exceptional financial risk profile, noting that the insurer continues to enjoy risk-based capital adequacy with a material buffer. Despite ongoing regional geopolitical tensions, S&P anticipates these events will have a limited impact on Sukoon’s operating performance. This resilience is driven by the company’s prudent underwriting practices and highly effective reinsurance protections.

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Sukoon Insurance and Sukoon Takaful Sign Strategic Agreement with Emirates Association for Lawyers and Legal

November 4, 2025

Dubai, United Arab Emirates

Sukoon Takaful, along with group entity, Sukoon Insurance, has signed a strategic cooperation agreement with the Emirates Association for Lawyers and Legalto provide insurance and takaful services at competitive terms. This partnership marks a significant milestone in enhancing insurance and takaful benefits for legal professionals across the UAE.

At a recent ceremony, the agreement was signed by Zayed Saeed Al Shamsi, Chairman of the Board of the Emirates Association for Lawyers and Legal; Hammad Khan, Interim CEO and Chief Financial Officer of Sukoon Insurance; and Ahmed Abushanab, CEO of Sukoon Takaful. This collaboration reflects a shared commitment to supporting the legal community.

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