Max Specialty Insurance Company Adds Puerto Rico to Complete All Licensing as an Eligible Surplus Lines Insurer

July 22, 2009

HAMILTON, Bermuda--(BUSINESS WIRE)--Jul. 22, 2009-- Max Capital Group Ltd. (NASDAQ: MXGL; BSX: MXGL BH) today announced that Max Specialty Insurance Company, a Delaware licensed insurer, is now approved to write business on a non-admitted basis in 49 other states, the US Virgin Islands and Puerto Rico.

Stephen J. 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, the US subsidiary of Max Capital Group Ltd., operates across three divisions: Brokerage, Contract Binding and Marine; offering a variety of Property, Ocean Marine and Inland Marine, Casualty, Excess Liability, Professional Liability and Umbrella insurance products.

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.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

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.
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