Max Re Capital has reported a net income for 2005, of $6.7m compared to $133.7m, for the year ended December 31, 2004.
The company increased gross written premiums in the period to $1.25bn, up 20.2% from 2004.
Max Re said it recorded $157.4m in losses stemming from hurricanes Katrina, Rita and Wilma,
Robert Cooney, chairman, president and CEO, said, “Despite these events we are pleased to report a small net income for the year. We successfully raised $284.1m in a public common share offering in the fourth quarter of 2005 and are well positioned to participate in the expected attractive market for our products in upcoming months.”
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
