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.
FBI Involved After Two Florida Injury Lawyers Go Missing From Fishing Trip 
US P/C Posts $35B YTD Underwriting Gain; By-Line Premium Growth Revealed 
Senators Launch Probe Into Demotech’s Ratings in Florida 
Longtime Motel 6 Spokesman Tom Bodett Settles Lawsuit Against Chain 
