Max Re Capital Ltd. today announced that it will join the list of Bermuda companies that have set up excess and surplus lines platforms in the United States.
With plans to launch a proposed new subsidiary in the first quarter, Max Re said the new company, Max Specialty Insurance Company, will be based in Richmond, Va., and will have offices in Atlanta, San Francisco and Philadelphia.
Max Re said that Max Specialty is expected to operate across two divisions--a brokerage division and a managing general agency division--and that the divisions will offer property, inland marine, casualty, excess liability and umbrella insurance products.
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