Max Re Capital Ltd. Announces First Quarter Net Income and Update of Audit and Risk Management Committee Investigation.
PR Newswire Europe, May, 2006
HAMILTON, Bermuda, May 1 /PRNewswire/ --
Max Re Capital Ltd. (Nasdaq: MXRE) (BSX: MXRE BH) announced today that the Audit and Risk Management Committee has not yet completed its previously announced internal investigation. Consequently, KPMG, the Company's auditors, have not completed their Statement of Auditing Standards 100 review of financial information for the first three months of 2006. The Company believes, subject to the results of the investigation and KPMG's SAS 100 review, its net income for the three months ended March 31, 2006 is US$74.2 million, or US$1.17 per diluted share.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010918/MXRELOGO-b )
The Company continues to believe that if, as a result of the Audit and Risk Management...
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