AM Best assigns ratings to Max Capital US insurance subsidiary
Ratings agency A.M. Best has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of "a-" to Bermudian (re)insurer Max Capital's US subsidiary Max America Insurance Company (MAIC) (South Bend, IN). The outlook for both ratings is positive.
"The formation of MAIC by its ultimate parent company, Max Capital Group Ltd . (Bermuda) [NASDAQ: MXGL], further expands MXGL's operations into the US market by offering property, inland marine
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