S&P affirms Max Capital

Standard & Poor's said it affirmed the BBB- counterparty credit ratings on Max Capital Group Ltd. and Max USA Holdings Ltd.

The outlook remains positive.

S&P said the counterparty credit rating reflects the company's good competitive position as a diversified insurance and reinsurance company, its strong underwriting performance and its adequate enterprise risk management.

Weaknesses include Max Capital's limited scale and market presence, diminishing capital adequacy and concentration in Fortune 1000 accounts, the agency noted.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.