Max Capital Group Names Susan Spivak Bernstein Senior Vice President, Investor Relations

February 3, 2009

HAMILTON, Bermuda--(BUSINESS WIRE)-- Max Capital Group Ltd. (NASDAQ: MXGL; BSX: MXGL BH) ("Max Capital" or the "Company") today announced the appointment of Susan Spivak Bernstein as Senior Vice President for Investor Relations. Ms. Spivak has twenty years of experience covering property and casualty insurance and reinsurance companies working as a sell-side equity research analyst, most recently as Senior Equity Research Analyst with Wachovia Securities.

Before joining Wachovia in 2002, Ms. Spivak was Senior Non-life Insurance Equities Research Analyst with ABN AMRO. She previously served as Vice President, Equities Research Analyst with Donaldson, Lufkin & Jenrette and as Equities Research Associate with First Boston Corporation. Ms. Spivak has been providing Bermuda insurance market research to investors since the early 1990s.

W. Marston (Marty) Becker, Chairman and Chief Executive Officer of Max Capital, said: "Susan is a valuable addition to our team. She has a wealth of experience in our marketplace and important relationships with institutional investors. Susan is already very familiar with Max, having covered our company as a sell-side analyst for several years, and we expect that she will strongly contribute to our investor relations capabilities. In her new role, Susan will assume certain duties previously performed by Jim Tees. We regret that, after many years of dedicated service, Jim will be leaving the Company in order to be with his family in the U.S. and to seek a senior financial position there."

Ms. Spivak is a 1988 graduate of the University of Michigan. She is an officer and past president of the Association of Insurance and Financial Analysts.

Max Capital Group Ltd., through its operating subsidiaries, provides specialty insurance and reinsurance products to corporations, public entities, property and casualty insurers and life and health insurers.

This release includes statements about future economic performance, finances, expectations, plans and prospects of Max Capital Group Ltd. that constitute forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those suggested by such statements. For further information regarding cautionary statements and factors affecting future results, please refer to Max Capital's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q filed subsequent to the Annual Report and other documents filed by Max Capital with the SEC. Max Capital undertakes no obligation to update or revise publicly any forward-looking statement whether as a result of new information, future developments or otherwise.

Source: Max Capital Group Ltd.

Max Capital Group Ltd.
Kip Herring, 1-441-293-8800
Senior Vice President
kip.herring@maxcapservices.com
or
Kekst and Company
Roanne Kulakoff, 1-212-521-4837
roanne-kulakoff@kekst.com