Max Capital Group Announces Adam Mullan Will Head Max at Lloyd's
October 21, 2009
HAMILTON, Bermuda--(BUSINESS WIRE)--Oct. 21, 2009--
Max Capital Group Ltd. (NASDAQ:MXGL; BSX:MXGL BH) today announced the
appointment of Adam Mullan as Chief Executive Officer of Max at Lloyd’s
Ltd., the Lloyd’s managing agent for Syndicates 1400, 2525 and 2526.
W. Marston (Marty) Becker, Chairman and Chief Executive Officer of Max
Capital Group Ltd., commented: "We are pleased that Adam has accepted
the CEO role at Max at Lloyd’s. Adam has been a driving force at Max
throughout most of the company’s ten-year history, and has built a
reputation for both effective management and impressive business
production. As we move to significantly build out our Lloyd’s operation,
the importance of strong leadership cannot be overstated, and we believe
that Adam has the expertise, experience and vitality to effectively
develop this business for us.”
Adam Mullan has been with Max since 2000, most recently serving as
Managing Director of Max Re Europe and Executive Vice President and
Group Chief Underwriting Officer for Property and Specialty Reinsurance.
From 1997 to 2000, Adam was Director/Underwriting Manager of ACE
European Markets Insurance Limited and ACE European Reinsurance Limited.
Between 1992 and 1997, he served as Vice President of Marsh & McLennan
Inc., and from 1987 to 1992 he was an Associate Director at Carpenter
Bowring (London). Adam received his Bachelor in Business Studies (Hons.)
from Trinity College, The University of Dublin.
Rounding out the senior management team at Max at Lloyd’s will be
Matthew Petzold, continuing as Underwriting Director, and Lance Gibbins,
continuing as Finance Director. Iain Bremner, formerly Managing Director
of Max at Lloyd’s, will be leaving Max to pursue other career
opportunities.
Adam Mullan’s appointment as CEO is subject to the approval of the UK
Financial Services Authority.
Operating from offices in Bermuda, Ireland, the USA and at Lloyd's, Max
Capital Group Ltd. is a global enterprise dedicated to providing
diversified specialty insurance and reinsurance products to
corporations, public entities, property and casualty insurers, and life
and health insurers.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This release includes statements about future economic performance,
finances, expectations, plans and prospects of Max Capital Group Ltd.
that constitute forward-looking statements for purposes of the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. Such forward-looking 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 Max Capital's most recent Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q filed subsequent to the Annual Report and other
documents filed by Max Capital with the SEC. Max Capital undertakes no
obligation to update or revise publicly any forward-looking statement
whether as a result of new information, future developments or otherwise.
Source: Max Capital Group Ltd.
Investors:
Max Capital Group Ltd.
Susan Spivak Bernstein,
+1-212-898-6640
or
Media:
Kekst and Company
Roanne
Kulakoff / Peter Hill, +1-212-521-4800
