HONG KONG, Feb 22 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of NEWGT Reinsurance Company, Ltd. (NEWGT) (Bermuda). The outlook for both ratings is stable.
The ratings reflect NEWGT’s adequate risk-adjusted capitalization and profitable operating performance. Additionally, A.M. Best recognizes the wide range of support NEWGT receives from its parent company, ITOCHU Corporation (ITOCHU), one of the major Japanese trading companies engaging in a wide range of businesses globally.
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