Max Re Announces Executive Appointments

August 1, 2004

Bermuda-based Max Re Capital Ltd. has appointed Peter A. Minton as a new member of its board of directors.

Bermuda-based Max Re Capital Ltd. has appointed Peter A. Minton as a new member of its board of directors.

Minton serves as executive vice president and chief risk officer of the Max Re Capital’s principal operating subsidiary, Max Re Ltd. From 1999 to 2000, Milton served as managing director and head of fixed income research for Scudder Kemper Investments. From 1996 to 1999, he served as a senior vice president of investments at General Reinsurance Company. From 1991 to 1996, he held the position of principal and head of fixed income strategy at Morgan, Stanley & Company. From 1984 to 1991, he served as vice president and portfolio manager at CMB Investment Counselors.

The company also annouced that it has renewed the employment contract of Robert J. Cooney to serve as its chairman, president and CEO for a term of five years.

Cooney stated, “Having established Max Re as a world-class reinsurer and insurer in its first five years, I look forward to continuing to build the organization during the next five years.”

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