MacNaughton to Join Max Cap Board

May 7, 2008

In addition to its earnings announcement (see related article), Bermuda’s Max Capital Group Ltd. announced the election of James H. MacNaughton as a Director of the Company, thereby filling a vacancy on its eleven-member Board of Directors.

“Max is fortunate to have an individual with Jim’s experience, insights, and talents join our Board. We welcome him to the Max Board of Directors,” stated Chairman and CEO W. Marston (Marty) Becker.

MacNaughton recently retired from Rothschild Inc., where he served as a Senior Advisor. From 2001 to 2007, he was a Managing Director and Global Partner at Rothschild. From 1979 through 2000, Mr. MacNaughton was at Salomon Brothers, where he held a variety of positions including, most recently, Managing Director. Mr. MacNaughton began his career in 1973 at the Republic National Bank of Dallas, where he served as Vice President.

He has served as a member of the Deutsche Asset Management (Deutsche Bank) International Insurance Advisory Board since 2006 and is a member of the Board of Directors of the Interboro Insurance Company. He is a Certified Public Accountant (Texas 1977) and a member of the International Insurance Society, and is also on the Board of Public Television Channel WLIW 21, which serves New York City and Long Island, New York.

Source: Max Capital Group – http://www.maxcapgroup.com

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