Max Specialty Insurance Company has gained approval to write surplus lines business in Puerto Rico completing its coverage of the entire US.

The Delaware-licensed insurer, a unit of Bermuda-based Max Capital Group Ltd., had previously earned approval to write business on a non-admitted basis in all 50 states and the US Virgin Islands.

Stephen Vaccaro, Jr., president and chief executive officer of Max Specialty, said: "With the addition of Puerto Rico as a jurisdiction in which Max Specialty may write surplus lines business, we have completed our licensing program.

"We are now able to service clients throughout all the US, in keeping with our role as a leading excess and surplus lines company."

Max Specialty operates across three divisions: brokerage, contract binding and marine. It offers a variety of property, marine, casualty, excess liability, professional liability and umbrella insurance products.