Company has been approved to write business on a non-admitted basis in 49 other states, the US Virgin Islands and Puerto Rico
Max Capital Group has declared that Max Specialty Insurance has been approved to write business on a non-admitted basis in 49 other states, the US Virgin Islands and Puerto Rico.
Stephen Vaccaro, Jr., president and CEO of Max Specialty, said: With the addition of Puerto Rico as a jurisdiction in which Max Specialty may write surplus lines business, we have completed our licensing program. We are now able to service clients throughout all the US, in keeping with our role as a leading excess and surplus lines company.
Max Specialty is the US subsidiary of Max Capital Group. The company operates across three divisions – Brokerage, Contract Binding and Marine – offering property, ocean marine and inland marine, casualty, excess liability, professional liability and umbrella insurance products.
Max Capital Group, through its operating subsidiaries, offers specialty insurance and reinsurance products to corporations, public entities, property and casualty insurers and life and health insurers.