Max Re Irish P-C Business Approved
NU Online News Service, July 17, 12:26 p.m. EDT?Bermuda-based Max Re Capital Ltd. announced this week that a subsidiary, Max Insurance Europe Limited, has received authorization to conduct non-life insurance business in Ireland from the Irish Financial Services Regulatory Authority.
Max Insurance intends to write excess casualty and professional lines business for corporate risk management accounts and will market its capabilities through professional international business intermediaries, according to Max Re.
The company said Max Insurance is in the process of establishing a Dublin operation, headed by John Boylan as chief underwriting officer. He is supported by Colin Shaw and Joseph O'Dea as underwriting managers for casualty and professional lines operations, respectively. Walker Rainey also recently joined Max Insurance as chief financial officer.
Max Re Capital Ltd. through its principal operating subsidiaries, Max Re Ltd., Max Insurance and Max Re Europe Limited, offers customized risk financing solutions to life and health insurers, property and casualty insurers, and large corporations, the company said.
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