Business and Finance Business and Finance
Wed, December 11, 2024
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[ 10:01 PM ] - United States, The Royal Gazette
Agency affirms excellent credit ratings of NEWGT Re

Agency affirms excellent credit ratings of NEWGT Re


Published on 2024-12-11 22:01:04 - The Royal Gazette
  Print publication without navigation
  • A Bermuda captive of one of Japan's largest general trading companies has had its excellent financial strength rating affirmed by credit ratings agency AM Best. The rating agency affirmed the
The article from The Royal Gazette discusses how AM Best, a global credit rating agency, has reaffirmed the excellent credit ratings of Newgt Re, a Bermuda-based reinsurance company. Newgt Re received an A (Excellent) Financial Strength Rating and an "a" (Excellent) Long-Term Issuer Credit Rating. This affirmation reflects Newgt Re's strong balance sheet, adequate operating performance, and effective enterprise risk management. The ratings also consider the company's niche market position in the life and annuity reinsurance sector, its conservative investment strategy, and its strategic importance to its parent company, Newgen Technologies. The outlook for these ratings remains stable, indicating confidence in Newgt Re's ongoing financial stability and business model.

Read the Full The Royal Gazette Article at:
[ https://www.royalgazette.com/reinsurance/business/article/20241211/agency-affirms-excellent-credit-ratings-of-newgt-re/ ]
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