Max Re Estimates Hurricane Charley Impact of $6 Million - $9 Million
HAMILTON, Bermuda, Aug. 23 /PRNewswire-FirstCall/ -- Max Re Capital Ltd.
(Nasdaq: MXRE) (BSX: MXRE BH) today announced that preliminary estimates
indicate that Hurricane Charley will negatively impact the Company's 2004
third quarter earnings by $6 million to $9 million.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010918/MXRELOGO-b )
Max Re Capital Ltd. through its principal operating subsidiaries, Max Re
Ltd., Max Insurance Europe Limited and Max Re Europe Limited, offers
customized risk financing solutions to property and casualty insurers, life
and health insurers and large corporations.
The above remarks about future expectations, plans and prospects for the
Company are forward-looking statements for purposes of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Such
statements are subject to certain risks and uncertainties that could cause
actual results to differ materially from those suggested by such statements.
For further information regarding cautionary statements and factors affecting
future results, please refer to the Company's most recent Annual Report on
Form 10-K and other documents filed with the Securities and Exchange
Commission. The Company undertakes no obligation to publicly update or revise
any forward-looking statement whether as a result of new information, future
developments or otherwise.
SOURCE Max Re Capital Ltd.
/CONTACT: Keith S. Hynes, Executive Vice President & CFO,
email@example.com, or N. James Tees, Senior Vice President & Treasurer,
firstname.lastname@example.org, both of Max Re Capital, +1-441-296-8800/
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PRN Photo Desk, email@example.com/
CO: Max Re Capital Ltd.
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1925 08/23/2004 16:55 EDT http://www.prnewswire.com