Max Re Names Becker to Board

May 3, 2004

Bermuda’s Max Re Capital Ltd. announced the election of Mr. W. Marston Becker to the Company’s Board of Directors.

He has served as Chairman of the Board and CEO of Trenwick Group, Ltd., a Bermuda insurance company, since August 2002. Since April 2001, Becker also has served as General Partner and Chairman of the Board of West Virginia Media Holdings, which he co-founded. He has served as Chairman of Hales & Company, a banking firm specializing in insurance and financial services, since July 2000.

From November 1999 to December 2000, Becker served as Vice Chairman and a Director of Royal & SunAlliance USA. From 1994 to 1999, He worked for Orion Capital Corporation and served as its Chairman of the Board and CEO from 1997 to 1999 and President and CEO of its subsidiary from 1994 to 1996.

He is also an Advisory Board member of the Conning Funds, American Securities Funds, International Catastrophe Insurance Managers, LLC, and Recovery National Corporation, and is licensed as a certified public accountant in West Virginia.

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