AM Best has placed under review with negative implications the financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” (excellent) of Cayman-Islands GUNA Re.
GUNA Re is owned by Japanese Fortune 500 company, ITOCHU Corporation, which in March began novating policies from its Bermuda-domiciled captive NEWGT Reinsurance Company (NEWGT).
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