Marty Becker, Chairman and CEO of Max Capital Group Talks to The Wall Street Transcript

NEW YORK--(BUSINESS WIRE)-- The Wall Street Transcript has published an in-depth interview with Marty Becker, Chairman and CEO of Max Capital Group (NASDAQ:MXGL) in which he talks at length about the Company.

The entire 2,500 word interview is available free online at http://www.twst.com/ceos.htm

Operating from offices in Bermuda, Ireland, the USA and at Lloyd's, Max Capital 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.

When asked about the company’s growth, Mr. Becker stated, “Max is a traditional underwriter of specialty insurance and reinsurance. It has successfully transitioned from its origins as a Bermuda reinsurance company with a structured and alternative risk underwriting portfolio and an investment strategy that included a relatively high proportion of hedge funds and other alternative investments. We’ve successfully executed a 180-degree turn over the past 10 years, and today we believe Max has a really strong traditional underwriting operation. And we run a fairly similar investment portfolio to the other major global writers.”

Asked about its executed amalgamation agreement with IPC Holdings, Mr. Becker said, “The transaction that we signed with IPC in early March is progressing extremely well. Our preliminary proxy statements have been filed, the regulatory approvals are well advanced, and it's our expectation that we'll be having a shareholder vote in June. Of course, it’s important to understand that the shareholders will only be voting on whether or not to proceed with the IPC/Max merger. The Validus hostile bid will not be up for vote and, in the event that IPC shareholders do not approve the IPC/Max combination, in my view it is unlikely that a deal between IPC and Validus would actually materialize, and certainly not during the Atlantic hurricane season.”

Regarding key metrics that investors should focus on, Mr. Becker stated, “What they should focus on is a reasonable rate of organic growth, supported by a better than average combined ratio. We pride ourselves on being an effective underwriting organization. So Max’s combined ratios for its different lines of business have been largely attractive and, in fact, generally better than our peer group average. What one would expect as we grow is that we continue to focus on the proper risk quantification and profiling that enables us to consistently deliver those results.”

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Max Capital Group Ltd.

Susan Spivak Bernstein, +1-212-898-6640

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Kekst and Company

Roanne Kulakoff or Peter Hill, +1-212-521-4800

Source: Max Capital Group