Max Re Quarterly Income Up
NU Online News Service, Jan. 3, 3:50 p.m. EST?Max Re Capital's 2003 fourth-quarter net income rose more than 200 percent to $36.4 million from $11 million reported during the 2002 fourth quarter, based on improved performance by its underwriting units, management said.[@@]
The Hamilton, Bermuda-based reinsurer also had a strong rebound for its 2003 full-year profit, posting $120.6 million in net income compared to a net loss of $5.8 million for 2002.
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