NU Online News Service, July 22, 1:55 p.m. EDT

Max Capital Group Ltd. said today that its United States subsidiary, Max Specialty Insurance Company, has completed its licensing as an eligible surplus lines insurer.

The Richmond-based insurance company was approved to write surplus lines business in Puerto Rico, making Max Specialty eligible to write business on a non-admitted basis in all 50 states, along with Puerto Rico and the U.S. Virgin Islands, the Bermuda-based reinsurer said.

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