HAMILTON, Bermuda, Sept. 29 /PRNewswire-FirstCall/ -- Max Re Capital Ltd. (NASDAQ:MXRE) (BSX:MXREBSX:BH) announced today that Robert J. Cooney, Chief Executive Officer, and Keith S. Hynes, Chief Financial Officer, will host a conference call to discuss the Company's third quarter financial results with interested investors and shareholders. (Logo: http://www.newscom.com/cgi-bin/prnh/20010918/MXRELOGO-b ) Details of the call are as follows: Date: October 30, 2006 Time: 10:00 a.m. EST Dial in # US: 888-396-2369 International: 617-847-8710 Access Code: 33036441 Please dial in ten minutes prior to the start of the call. Replay details: Available from 12:00 p.m. October 30, 2006 to November 30, 2006 Dial in # US: 888-286-8010 International: 617-801-6888 Access Code: 68526945 Max Re Capital Ltd. through its principal operating subsidiaries, Max Re Ltd., Max Insurance Europe Limited and Max Re Europe Limited, offers insurance and reinsurance products to property and casualty insurers, life and health insurers and large corporations. The above remarks about future expectations, plans and prospects from 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, 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 conclude that a restatement of the Company's audited financial statements for the years ended December 31, 2005, 2004, 2003, 2002 and 2001 was warranted, may differ, perhaps materially. For further information regarding cautionary statements and factors affecting future results, please refer to documents filed by the Company with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2005 and its Quarterly Reports on Form 10-Q for the periods ending March 31, 2006 and June 30, 2006. 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 N. James Tees Executive Vice President & CFO Senior Vice President & Treasurer 441-296-8800 441-296-8800 http://www.newscom.com/cgi-bin/prnh/20010918/MXRELOGO-b http://photoarchive.ap.org/ DATASOURCE: Max Re Capital Ltd. CONTACT: Keith S. Hynes, Executive Vice President & CFO, , or N. James Tees, Senior Vice President & Treasurer, , both of Max Re Capital Ltd., +1-441-296-8800

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