Hedge fund recovery boosts Max Re full-year, CFO to retire
Bermudian (re)insurer Max re has reported record net income of $216.9m for the full-year 2006, compared to $9.5m a year earlier.
The company, which has a higher-than-average weighting towards alternative assets, posted net gains of $66.5m on these investments for the fourth quarter.
Earlier in 2006 Max had advised the market of
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