NU Online News Service, Nov. 4, 3:14 p.m. EST

Max Capital Group Ltd. reported third-quarter net income of $95.3 million, compared to a 2008 third-quarter net loss of $163.2 million.

The results stemmed from positive underwriting performance and improved investment results, W. Marston Becker, chairman and chief executive officer of the Hamilton, Bermuda-based (re)insurer, said in a statement.

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