To an outside observer, Bermuda-based Max Re's move to create a U.S. excess and surplus lines insurance platform may seem like the third transformation of a company originally formed to underwrite finite reinsurance products exclusively.
But to Marty Becker, chairman and chief executive, the move to E&S insurance--after a changeover from a structured reinsurance focus to a more traditional property-casualty book--is just another step in the company's natural evolution.
"It's certainly not a change of strategy or direction--just an additional building block on that strategy," he said during a recent interview, highlighting the specialized nature of products offered by Max Re throughout its history.
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