8-K

 

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): September 15, 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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

On September 15, 2004, the Registrant issued a news release announcing that its subsidiary, Max Re Ltd., has increased its product offerings by the formation of a dedicated property division. 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 and 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)
September 20, 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 September 15, 2004

EX-99

Exhibit 99

Max Re Establishes Property Underwriting Capability

Hamilton, Bermuda, September 15, 2004- Max Re Capital Ltd. (Nasdaq:MXRE BSX: MXRE BH) announced today that its subsidiary, Max Re Ltd., has increased its product offerings by the formation of a dedicated property division. This department will provide insurance and reinsurance solutions for large multi-national clients on a worldwide basis.

This business will be led by Louis A. Adanio, Senior Vice President and Chief Property Underwriter and will focus on commercial, industrial, and technical risks. Mr. Adanio has over 25 years underwriting experience primarily with SCOR Reinsurance and most recently, with Endurance Specialty in Bermuda.

“We are pleased to offer this complementary product line along side our growing excess general liability and professional lines businesses. Lou brings a wealth of experience that will serve the Company well as we enter this business” said Robert J. Cooney, Chairman, President and CEO.

The Company will offer up to $25.0 million in capacity from its Bermuda headquarters for direct insurance and reinsurance treaties.

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.

Contact Information:

Keith S. Hynes
Executive Vice President & CFO
keithh@maxre.bm
441-296 -8800
N. James Tees
Senior Vice President & Treasurer
jimt@maxre.bm
441-296-8800