NFG Announces AM Best Assignment of it’s Credit Rating to Newpoint Reinsurance Company Ltd

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.