HAMILTON, Bermuda, May 15 /PRNewswire-FirstCall/ --
Max Re Capital Ltd. (Nasdaq: MXRE) (BSX: MXRE BH) announces the appointment of
David Kalainoff as Executive Vice President and Chief Underwriting Officer --
Traditional Reinsurance Operations of its principal operating subsidiary, Max
Re Ltd. Mr. Kalainoff joins Max Re from Transatlantic Reinsurance Company,
where he headed Specialty Casualty Treaty Operations.
James C. ("Jim") Gray has joined the insurance team as Senior Vice
President, General Manager of Professional Liability. Prior to joining Max Re,
Mr. Gray was with XL Capital Ltd. as the Global Practice Leader for XL
Professional in Hartford, Connecticut.
Assisting Mr. Gray is Jonathan Evans, who will serve as Vice President,
Professional Lines. Mr. Evans joins Max Re from ACE Bermuda Insurance Ltd.,
where he served as Vice President in the Professional Lines division.
In making the announcement, Robert J. Cooney, Chairman, President and
Chief Executive Officer of Max Re, commented, "It is gratifying that Max Re
has once again been able to attract professional underwriters of the highest
caliber and reputation. David, Jim and Jonathan each bring to our team new
skills and talents that will support the Company's traditional reinsurance and
insurance activities."
Max Re Capital Ltd. through its principal operating subsidiaries, Max Re
Ltd., and Max Re Europe Limited, offers customized risk transfer solutions to
life and health insurers, property and casualty insurers and large
corporations.
The above remarks about future expectations, plans and prospects for the
Company are forward-looking statements for purposes of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Such
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 the Company's most recent Annual Report on
Form 10-K and other documents filed with the Securities and Exchange
Commission. 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.
SOURCE Max Re Capital Ltd.
CONTACT: Keith S. Hynes, Executive Vice President & CFO,
+1-441-296-8800, or keithh@maxre.bm, or N. James Tees, Senior Vice President &
Treasurer, +1-441-296-8800, or jimt@maxre.bm, both of Max Re
Web site: http://www.aac.bm http://www.maxre.bm
