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|Michael W. Dicker Joins Max Re Europe Limited as Senior Vice President, Agriculture|
HAMILTON, Bermuda & DUBLIN, Ireland--(BUSINESS WIRE)--Oct. 19, 2007--In its latest move to broaden its specialty reinsurance lines and to expand its Dublin-based platform, Max Bermuda Ltd., the Bermuda operating company of Max Capital Group Ltd. (NASDAQ: MXGL; BSX: MXGL BH), today announced the appointment of Michael W. Dicker as Senior Vice President - Agriculture at Max Re Europe Limited, Max Bermuda's Dublin-based reinsurance subsidiary.
Mr. Dicker, who will be joining the Max team on October 26th, is a seasoned professional with nearly a quarter-century of agriculture reinsurance experience. He was most recently affiliated with Guy Carpenter & Company Ltd., which he joined in 1994 and where he most recently served as Managing Director and Co-Leader of the Guy Carpenter Group Agriculture Specialty Practice.
Mr. Dicker, 46, previously spent eleven years underwriting agriculture reinsurance in the London market. Mr. Dicker is a graduate of University College Dublin, from which he received a Bachelor of Commerce degree in 1983.
Adam Mullan, Executive Vice President and Chief Underwriting Officer for Property and Specialty Reinsurance at Max Bermuda, said: "We are delighted to welcome Michael Dicker to the Max team and to our Dublin office, which, effective with 2008 renewals, will be the main underwriting center for Max's Agriculture business both in North America and internationally. Michael has more than twenty-three years of both underwriting and broking experience in the U.S. and international agriculture reinsurance business. He is a seasoned agriculture reinsurance specialist with excellent, long-established global client relationships."
John Doucette, President of the P&C Reinsurance division of Max Bermuda, said: "Having Michael join our team and adding Agriculture to our growing set of business lines is a significant opportunity for Max to further diversify our reinsurance portfolio and extend it into another historically profitable niche business."
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 may include statements about future expectations, plans and prospects of the Company 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, including the risk that the SEC's view of the conclusions reached by the Audit and Risk Management Committee of the Company's Board of Directors in connection with the internal review of three finite risk retrocessional contracts written in 2001 and 2003, which caused the Company to restate its audited financial statements for the years ended December 31, 2005, 2004, 2003, 2002 and 2001 and unaudited financial statements for the periods ended March 31, 2006 and June 30, 2006, may differ, perhaps materially, and result in material changes to information contained in the Company's past SEC filings, including financial statements and financial information. For further information regarding cautionary statements and factors affecting future results, please refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2006, and other documents filed by the Company with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statement whether as a result of new information, future developments or otherwise.
CONTACT: Max Capital Group Ltd.