NFG Announces AM Best Assignment of its Credit Rating to Newpoint Reinsurance Company Ltd.
LONDON, UK / ACCESSWIRE June 6, 2023 / NFG SARL ("NFG"), an Investment Holding Company based out of Geneva 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.
To view the original AM Best report, please click here.
About NFG SARL
NFG SARL, is a global diversified investment holding group which operates across multiple business units including insurance, reinsurance, insurance services, specialty risk and finance, asset management, energy, infrastructure, trade finance and banking with operations located throughout Europe, United States, the Caribbean, Asia and Africa. For more information, please visit our website at: www.nfgsarl.ch
About Newpoint Reinsurance Company Limited
Newpoint Reinsurance Company Limited, (NPRE) is a licensed (Re) Insurance Company headquartered in the Island of Nevis (Isles federation of St Kitts Nevis). As the largest reinsurance company based in Nevis, it provides an array of reinsurance products services to a global client base. For more information, please visit our website at: www.npre.kn
Contact:
NAME: Charlotte Green
EMAIL: [email protected]
NFG Sarl
+44 (0) 203 983 3304
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SOURCE: Newpoint Financial Group