Max Capital Group Announces Appointment of Joe Monk as Global Chief Actuary

January 4, 2010

HAMILTON, Bermuda, Jan 04, 2010 (BUSINESS WIRE) -- Max Capital Group Ltd. (NASDAQ: MXGL; BSX: MXGL BH) today announced the appointment of Joseph (Joe) Monk as Global Chief Actuary.

W. Marston (Marty) Becker, Chairman and Chief Executive Officer of Max Capital, said: "We are pleased to be adding Joe as leader of Max's existing team of specialist actuaries. Max's strength has been our superior underwriting and risk management skills partnered with in-depth actuarial analysis. Joe is a highly regarded professional with the skills and experience that will enable him to effectively coordinate, control and develop our Group-wide actuarial resources."

Joe Monk comes to Max from Lane Clark & Peacock LLP (LCP), where he was head of insurance consulting. Joe joined LCP in 1995 after graduating from Cambridge University with a Master of Arts degree in Economics. He has a wealth of experience in reserving, capital modelling and pricing. Joe is a Fellow of the UK's Institute of Actuaries and a Fellow of the Society of Actuaries in Ireland.

Operating from offices in Bermuda, Ireland, the USA, Latin America and at Lloyd's, Max Capital Group Ltd. is a global enterprise dedicated to providing diversified 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.

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or
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