UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): August 23, 2004

Max Re Capital Ltd.
__________________________________________
(Exact name of registrant as specified in its charter)

Bermuda	000-33047	Not Applicable
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
Max Re House, 2 Front Street, Hamilton, BM		HM 11
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code (441) 296-8800

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Item 8.01. Other Events.

On August 23, 2004, the Registrant issued a news release regarding the impact of Hurricane Charley on the Registrant's 2004 third quarter earnings. The news release is furnished herewith as Exhibit 99 and incorporated by reference herein.

The information in this Form 8-K and Exhibit shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any such filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Max Re Capital Ltd. (Registrant)
August 25, 2004	By:	Robert J. Cooney
		Name: Robert J. Cooney
		Title: President & Chief Executive Officer

Exhibit Index

Exhibit No.	Description
EX-99	News Release of Max Re Capital Ltd., dated August 23, 2004