NFG SARL (“NFG”) has announced today that its wholly owned subsidiary, Newpoint Reinsurance Company Limited (“Newpoint RE“), has been assigned an investment grade Long-Term Issuer Credit Rating of “BBB-” (Good) from global credit rating agency, AM Best, effective May 30, 2023.
The report further recognizes that Newpoint RE’s balance sheet is Very Strong (the highest level) with a Stable outlook assigned to these ratings.
Newpoint RE is a (re) insurance company that underwrites with an entrepreneurial mindset and an international outlook. It has built and maintained, over 5 years of operation, a reputation for service and commitment in its obligations to its long-term clients.
The positive rating is affirmation to the stature of Newpoint RE and its business model. A model that is framed by its independence, deep expertise in sustainable risk and the long-term view in business partnerships.
The rating means that companies and organizations who require credit-rated paper will now have access to Newpoint RE’s capacity.
Congratulations go to the talented team at NewpointRE for this milestone.