Max Re Capital Ltd. To Hold Fourth-Quarter Earnings Call

Hamilton, Bermuda: January 17, 2007€”Max Re Capital Ltd. (NASDAQ: MXRE; BSX: MXRE.BH) today announced that it will hold an investment community conference call on February 12, 2007, at 10 o'clock a.m. Eastern Time, to discuss the Company's fourth-quarter and 2006 full-year financial results with interested investors and shareholders. 

W. Marston Becker, Chief Executive Officer, and Keith S. Hynes, Chief Financial Officer, will represent Max Re on the call, the details of which are as follows:

Date:             February 12, 2007

Time:             10:00 a.m. EST

Toll-free number (US callers): 1-800-299-0148

International callers:  +1-617-801-9711

Access Code (all callers): 39205666

Please dial in ten minutes prior to the start of the call.

If you are unable to participate in the "live" call, a replay will be available from approximately 12:00 noon EST on February 12, 2007 until 12:00 noon EST on March 12, 2007.  To listen to the replay, US-based callers may dial 1-888-286-8010; international callers may use +1-617-801-6888; the access code for all callers is: 15805920.

Max Re Capital Ltd. through its principal operating subsidiaries, Max Re Ltd., Max Insurance Europe Limited and Max Re Europe Limited, offers customized insurance and reinsurance solutions to property and casualty insurers, life and health insurers and large corporations.

This release may include statements about future expectations, plans and prospects of the Company which 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 our 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/A (Amendment No. 2) for the year ended December 31, 2005 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.