Max Capital puts low cat loss down to "conservative underwriting"
Max Capital has reported net income of $36.4m for the quarter ended 31 March, compared to net income of $44.5m for Q1 2009.
Net operating income for the first quarter of 2010 was $40.7m, compared to net operating income of $46.9m last year.
Property and casualty gross premiums written of $370.3m, represented a decrease of
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