Max Capital Q1 net income plunges
Max Capital, the Bermudian (re)insurer, reported net income for the first three months of the year fell to $7.7m from $80m this time last year.
On April Max Capital said it expected the return on its alternative investments for the first quarter of 2008 to be negative 2.11%, and that the impact of the unrealized mark-to-market losses on its
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