The Bermuda-based Max Capital Group has issued a bulletin indicating that it “has no known exposure to funds managed by Bernard L. Madoff Investment Securities LLC.”
So far the exposures to the Madoff firm’s alleged fraud – estimated to run as high as $50 billion – have been confined to banks, hedge funds and private investors.
Source: Max Capital Group – www.maxcapgroup.com
Was this article valuable?
Here are more articles you may enjoy.
Judge Tosses Buffalo Wild Wings Lawsuit That Has ‘No Meat on Its Bones’ 
AI Needs Its Own Risk Class: Lockton Re 
Jury Finds Johnson & Johnson Liable for Cancer in Latest Talc Trial 
Florida Regulators Crack the Whip on Auto Warranty Firm, Fake Certificates of Insurance 
