Max Capital GRoup LTD.
MXGL (Common Stock)

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Max Capital Group Ltd. Annual Report

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Welcome to Max Bermuda

Max Bermuda Ltd. provides a wide range of specialty insurance and reinsurance products for corporations, public entities, property and casualty insurers and life and health insurers.

From offices in Hamilton, Bermuda, we offer Excess Liability, Professional Liability and Property insurance, primarily to Fortune 1000 companies, as well as Casualty, Property and Specialty reinsurance on excess of loss and quota share bases. The Company also provides reinsurance for existing blocks of Life & Annuity business.

Max Bermuda is a member of the Max Capital Group.

NASDAQ Global Select
 

In the spotlight

Max Capital Group and Harbor Point Agree to Merger of Equals

Complementary merger of equals will create Alterra Capital Holdings Limited, a global P&C insurance and reinsurance company.

Combination will provide greater scale and enhanced financial strength, with a diversified and balanced book of business.

Click here to read press release

Click here to view updated investor presentation


Max Capital Group Releases Fourth Quarter Earnings 2009

Book Value per Diluted Share increased by 21.8% to $27.36 in 2009. Net Operating Income of $3.62 per Diluted Share in 2009.

Click here to read financial supplement.

Click here to read investor presentation

Click here to read press release.


Max Capital Group Sends Annual New-Year Letter to Company´s Shareholders, Employees and Other Stakeholders

Max CEO Marty Becker reviews key results and accomplishments in 2009, outlook for 2010.

Strong underwriting results from all platforms drove profitability in 2009.

Max is well positioned to successfully navigate the softer market in 2010.

Click here to read press release


Max Capital Group Announces David Kalainoff Will Lead Reinsurance Operations in Bermuda and Ireland

Max Capital Group Ltd. announced that David Kalainoff has been appointed President of Reinsurance Operations.

Click here to read press release.


Max Capital Group´s Operating Companies Rated ´A-´ by S&P; Outlook Is Stable

Per S&P press release dated August 25, 2009:

  • Max Capital Group Ltd. and its operating insurance and reinsurance companies have strong underwriting and operating performance, a strong competitive position as a diversified specialty insurance and reinsurance company, and strong enterprise risk management.

  • The company has drastically reduced its alternative investment allocation in 2009, decreased its financial leverage, and improved its capitalization.

  • As a result, we are assigning our ´A-´ couterparty credit and financial strength ratings on Max Capital Group Ltd.´s operating insurance and reinsurance companies. We also are raising our counterparty credit rating on Max Capital Group Ltd. (NASDAQ:MXGL) to ´BBB´ from ´BBB-´.

  • The outlook on both of the ratings is stable.

Click here to read press release

Cautionary Note Regarding Forward-Looking Statements:

This website may include forward-looking statements, both with respect to Max and its industry, that reflect its current views with respect to future events and financial performance. Statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “anticipate,” “will,” “may” and similar statements of a future or forward-looking nature identify forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and you should not place undue reliance on any such statements.

Max believes that these factors include, but are not limited to, the following: (1) the adequacy of loss reserves and the need to adjust such reserves as claims develop over time; (2) the failure of any of the loss limitation methods employed; (3) the effects of emerging claims and coverage issues; (4) changes in general economic conditions, including changes in capital and credit markets; (5) the effect of competition and cyclical trends, including with respect to demand and pricing in the insurance and reinsurance markets; (6) any lowering or loss of financial ratings; (7) the occurrence of natural or man-made catastrophic events with a frequency or severity exceeding expectations; (8) the loss of business provided to Max by its major brokers; (9) the effect on Max’s investment portfolio of changing financial market conditions including inflation, interest rates, liquidity and other factors;  (10) tax and regulatory changes and conditions and (11) the integration of Harbor Point or new business ventures Max may enter into; and (12) retention of key personnel, as well as management’s response to any of the aforementioned factors.

The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included herein and elsewhere, including the Risk Factors included in Max’s most recent report on Form 10-K and other documents on file with the Securities and Exchange Commission. Any forward-looking statements made in this website are qualified by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by Max will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Max or its business or operations. Max undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.