The Bermuda-based Max Capital Group Ltd. announced that Max Specialty Insurance Company, a Delaware licensed insurer, is now approved to write business on a non-admitted basis in 49 other states, the US Virgin Islands and Puerto Rico.
Max Specialty’s President and CEO Stephen J. Vaccaro, Jr. commented: “With the addition of Puerto Rico as a jurisdiction in which Max Specialty may write surplus lines business, we have completed our licensing program. We are now able to service clients throughout all the US, in keeping with our role as a leading excess and surplus lines company.”
Max Specialty, the US subsidiary of Max Capital Group Ltd., operates across three divisions: Brokerage, Contract Binding and Marine; offering a variety of Property, Ocean Marine and Inland Marine, Casualty, Excess Liability, Professional Liability and Umbrella insurance products.
Source: Max Capital – www.maxcapgroup.com