A.M. Best Affirms Credit Ratings of NEWGT Reinsurance Company, Ltd.

HONG KONG–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of NEWGT Reinsurance Company, Ltd. (NEWGT) (Bermuda). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect NEWGT’s adequate risk-adjusted capitalization, and the wide range of implicit and explicit support NEWGT receives from its parent company, ITOCHU Corporation (ITOCHU). ITOCHU is one of the largest Japanese trading companie