Max Capital writes to shareholders explaining IPC loss
Max Capital has written a letter to shareholders after IPC shareholders voted against the merger between the two Bermudian (re)insurers.
It said: "Max Capital today announced the termination of its merger agreement with IPC Holdings following the announcement by IPC that it had not obtained the requisite vote at its annual generalOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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