OREANDA-NEWS. A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Ardellis Insurance Ltd. (Ardellis) (Bermuda). The outlook for each rating is stable.

The rating affirmations reflect Ardellis’ conservative underwriting leverage, strong risk-adjusted capitalization level and profitable operating results driven by its solid underwriting performance. The ratings also recognize Ardellis’ balance sheet strength and conservative underwriting leverage measures.