Bermuda-based Max Re Capital Ltd. announced that its subsidiary, Max Re Ltd., has launched a new business unit to provide excess general liability insurance.
Angelo M. Guagliano, formerly an executive with XL Insurance Ltd., has been named Managing Director and Chief Underwriting Officer.
“We see a tremendous opportunity to provide excess general liability coverage to larger public companies using an innovative yet disciplined approach. Our experienced excess general liability team will be capable of providing rapid underwriting responses and offering traditional excess and alternative risk transfer products,” stated Robert J. Cooney, Chairman, President and CEO.
The principal operating subsidiaries, Max Re Ltd., and Max Re Europe Limited, offer customized risk transfer solutions to life and health insurers, property and casualty insurers, and large corporations. The announcement stressed that the group’s “financial strength and global capabilities make it a strong and attractive insurance choice from the outset. Max Re believes its experienced team will ensure responsiveness and rapid decision-making.”
Topics Excess Surplus New Markets
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