BEST RE (L) was established in April 1985 as an Off-shore reinsurance company with headquarters based in Tunis (Tunisia), where it operates under Law No 85-108 dated 6th Dec. 1985. Under this law, BEST RE (L) enjoys the benefit of a tax-free environment and is regulated by the Tunisian Insurance Code, which is largely similar to the French insurance legislation. BEST RE (L) operates in compliance with Islamic principles (Art. 3 of its bylaws) and as such is considered as the world’s Retakaful pioneer. BEST RE (L) is fully owned by SALAMA Group (Dubai – UAE), which comprises 7 other direct Takaful companies. Since inception, BEST RE (L) has focused on developing a profitable reinsurance portfolio in the emerging markets of Africa and Asia. It currently covers more than 90 countries in this region through a network of four regional offices in Labuan (Malaysia), Beirut (Lebanon), Istanbul (Turkey), Dakar (Senegal) and 3 contact offices in Beijing (China), Manila (Philippines) and Port Louis (Mauritius). Over the years, BEST RE (L) has evolved into a recognised and dependable emerging markets reinsurer with a proven track record. This is supported by solid capitalisation, underwriting expertise and performances, together with consistently good operating results and ratings from renowned agencies. It currently enjoys an excellent rating 'A-' (Excellent) from AM Best, with a “Stable” outlook.