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BSX Approves Listing of Max Re Capital Ltd
The Company was incorporated under the laws of Bermuda on 8 July 1999 and is registered as a long-term insurer under the Insurance Act 1978. The Common Shares achieved a primary listing on the NASDAQ Stock Exchange following the Company's recent Initial Public Offering on 13 August 2001. The BSX listing is a secondary listing and is effective from 10 December 2001.
Max Re Capital Ltd. is a Bermuda based multi-line reinsurance company for both the life and annuity, and property and casualty insurance markets. The Company offers customized, alternative risk transfer reinsurance products designed to produce large up front premiums, generate more predictable, long term cash outflows, and limit their underwriting risk.
The listing of the Common Shares of Max Re Capital Ltd. is sponsored by LOM Capital Limited.
David Surmon, Director of LOM Capital stated, "LOM is proud to act as Max Re Capital's Listing Sponsor on the BSX. We enjoyed working with the impressive group of professionals Max Re Capital has already assembled. Their first class operation is a credit to the Bermuda business community."
"The BSX welcomes Max Re Capital Ltd. to listing", said Mr. James S. McKirdy, Listings and Compliance Manager of the BSX. "Max Re Capital is the second Bermuda domiciled insurance company to list on the Exchange this year. As a secondary listing Max Re Capital was able to take advantage of the reduced listing fees being offered to issuers with a primary listing on a BSX Recognized Exchange in conjunction with the BSX's observance of its Thirtieth Anniversary."