Max Capital continues Bermudians' upward trend

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Max Capital is the latest Bermudian (re)insurer to show heavy profits in the third quarter.

Max Capital, the Bermudian reinsurer, said that third quarter net income rose to $95.3m, compared to a net loss of $163.2m for the quarter ended September 30, 2008.

Net operating income for the

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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