Max Re bucks trend with 3Q profit forecast
Max Re has announced that it expects to report net income for the nine months ended September 30, 2005 between $10 m and $20m. The Bermudian reinsurer said that the results include an estimated negative impact on earnings of $90m from Hurricane Katrina, which is at the high end of the Company's previously announced range of $60m to $90m, and an estimated negative impact on earnings of $20m from Hurricane Rita.
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