News

UFP Industries captive get Excellent rating affirmed

By Richard Cutcher

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AM Best has affirmed the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Ardellis Insurance Ltd in Bermuda.

The captive holds a Class 3A licence and is owned by UFP Industries, Inc, a Michigan-headquartered public company with 218 affiliated operations across retail, manufacturing and industrial.

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