Max Capital Group Announces $0.10 Dividend
May 03 2010 - 3:30PM
Business Wire
Max Capital Group Ltd. (NASDAQ:MXGL)(BSX:MXGL.BH) announced
today that the Company’s Board of Directors, at a meeting held on
May 3, 2010, declared a dividend of $0.10 per share. The dividend
is payable on June 4, 2010, to shareholders of record as of May 24,
2010.
Operating from offices in Bermuda, Ireland, the USA, Latin
America 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 in major
markets worldwide.
Cautionary Note Regarding Forward-Looking Statements
This press release may include forward-looking statements, both
with respect to Max and its industry, that reflect its current
views with respect to future events and financial performance.
Statements that include the words “expect,” “intend,” “plan,”
“believe,” “project,” “anticipate,” “will,” “may” and similar
statements of a future or forward-looking nature identify
forward-looking statements. All forward-looking statements address
matters that involve risks and uncertainties. Accordingly, there
are or will be important factors that could cause actual results to
differ materially from those indicated in such statements and you
should not place undue reliance on any such statements.
Max believes that these factors include, but are not limited to,
the following: (1) the adequacy of loss reserves and the need to
adjust such reserves as claims develop over time; (2) the failure
of any of the loss limitation methods employed; (3) the effects of
emerging claims and coverage issues; (4) changes in general
economic conditions, including changes in capital and credit
markets; (5) the effect of competition and cyclical trends,
including with respect to demand and pricing in the insurance and
reinsurance markets; (6) any lowering or loss of financial ratings;
(7) the occurrence of natural or man-made catastrophic events with
a frequency or severity exceeding expectations; (8) the loss of
business provided to Max by its major brokers; (9) the effect on
Max’s investment portfolio of changing financial market conditions
including inflation, interest rates, liquidity and other factors;
(10) tax and regulatory changes and conditions; (11) the
integration of Harbor Point Limited or new business ventures Max
may enter into; and (12) retention of key personnel, as well as
management’s response to any of the aforementioned factors.
The foregoing review of important factors should not be
construed as exhaustive and should be read in conjunction with the
other cautionary statements that are included herein and elsewhere,
including the Risk Factors included in Max’s most recent report on
Form 10-K and other documents on file with the Securities and
Exchange Commission. Any forward-looking statements made in this
press release are qualified by these cautionary statements, and
there can be no assurance that the actual results or developments
anticipated by Max will be realized or, even if substantially
realized, that they will have the expected consequences to, or
effects on, Max or its business or operations. Max undertakes no
obligation to update publicly or revise any forward-looking
statement, whether as a result of new information, future
developments or otherwise.
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