NU Online News Service, Aug. 4, 3:20 p.m. EDT

Hamilton, Bermuda-based insurer and reinsurer Max Capital Group Ltd. reported second-quarter net income of $43.8, a 41 percent decrease from the $74.2 million recorded for the period in 2008.

The company's chairman and chief executive officer, W. Marston Becker, said it was the second consecutive quarter of strong growth in gross premium written, "primarily driven by the expansion of Max's newer specialty underwriting platforms in the U.S. and at Lloyd's."

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