Max Capital Name Now Official

Bermuda-based Max Re Capital Ltd. announced that it received shareholder approval at the Company’s 2007 Annual General Meeting for the proposal to officially change its name from Max Re Capital Ltd. to Max Capital Group Ltd. (See IJ web site March 7). The change was carried out immediately.

Max Capital’s Bermuda-based operating company, previously known as Max Re Ltd., has also changed its name and will now be known as Max Bermuda Ltd.

The Company’s web site has been changed to: http://www.maxcapgroup.com, and as of today, May 7, it has a new ticker symbol on the NASDAQ Exchange, MXGL, and MXGL BH on the Bermuda Stock Exchange.

The name change “reflects the Company’s strategic evolution from its initial focus on reinsurance when it commenced operations more than seven years ago to a balanced mix of specialty insurance and reinsurance products today,” said the announcement.

Chairman and CEO W. Marston Becker commented: “We are pleased to have received shareholder approval to adopt a new name that reflects the evolution of our business strategy. Since inception in 1999, Max has evolved strategically from a reinsurer offering a combination of life reinsurance and structured reinsurance products, to a company whose product mix is diversified among specialty primary insurance and reinsurance offerings, and between property and casualty liability exposures. Our new name reflects that strategic evolution.”

In addition The Company’s other web addresses have changed as follows:
— The Bermuda-based operating unit will be www.maxbermuda.com;
— the Web address for its Dublin-based operating units will be www.maxeu.com, and
— the Web address for Max Specialty Insurance Company, Max’s excess and surplus lines company, remains – www.maxspecialty.com.