Specialty insurance and reinsurance provider Max Capital Group Ltd. in Bermuda announced the formation today of Max Managers USA Ltd., a New York-based managing general underwriter.

The firm said its new MGU will underwrite policies written by Max Specialty Insurance Company, Max Capital's U.S.-based excess and surplus lines platform.

Max Capital also announced the appointment of Bernard "Buddy" Anckner as president-casualty of Max Managers USA, effective immediately.

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