Max Re Estimates Hurricanes’ Impact on Q3 Earnings at $20 to $25 Million

October 5, 2004

Bermuda’s Max Re Capital Ltd. announced that preliminary estimates indicate that the Company’s 2004 third quarter earnings will be negatively impacted by $20 to $25 million as a result of Hurricanes Charley, Frances, Ivan and Jeanne.

Max Re noted that it provides customized risk financing solutions to property and casualty insurers, life and health insurers and large corporations Ltd. through its principal operating subsidiaries, Max Re Ltd., Max Insurance Europe Limited and Max Re Europe Limited.

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