Max Re Launches Aviation Unit

September 20, 2006

Bermuda-based Max Re Capital Ltd. announced that its subsidiary, Max Re Ltd., has increased its product offerings by the formation of a dedicated aviation insurance unit that will operate from the company’s Dublin offices.

The unit will be led by Olivier Marre, Senior Vice President – Aviation Insurance, and will provide aviation insurance on a worldwide basis to airlines and aircraft products manufacturers.

Marre has more than 10 years of aviation underwriting experience with La Reunion Aerienne, most recently serving as General Manager of underwriting, accounting and claims for both its Paris and London offices.

“Aviation reinsurance has been a core business of Max Re for four years and we are pleased to now offer aviation insurance as a complementary product line. Olivier brings a wealth of experience that will serve the Company well as we enter this business,” noted Robert J. Cooney, Chairman, President and CEO.