Safe Harbor Disclosure

This website may contain statements about future expectations, plans, prospects or performance of Max Capital Group Ltd. and its subsidiaries that constitute forward-looking statements within the meaning of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995.  Forward-looking statements are not statements of historical fact but rather reflect our current expectations, estimates and predictions about future results and events.  These statements may use words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “predict,” “project” and similar expressions as they relate to Max Capital Group Ltd. or its management.  When we make forward-looking statements, we are basing them on management’s beliefs and assumptions, using information currently available to Max Capital Group Ltd.

These forward-looking statements are subject to risks, uncertainties and assumptions.  Factors that could cause such forward-looking statements not to be realized (which are described in more detail in documents filed by us with the SEC) include, without limitation:

• the risk that the SEC’s view of the accounting treatment for three finite retrocessional contracts purchased in 2001 and 2003 may differ materially from that treatment to adopted by us following a reopened internal review by the Audit and Risk Management Committee of our Board of Directors that caused us to determine to restate our financial statements for the years ended December 31, 2005, 2004, 2003, 2002 and 2001 and the periods ended March 31, 2006 and June 30, 2006, which restatements are described in Amendment No 2 on Form 10-K/A and Forms 10-Q/A;
• acceptance in the market of our products;
• general economic conditions and conditions specific to the reinsurance and insurance markets in which we operate;
• pricing competition;
• the amount of underwriting capacity from time to time in the market;
• material fluctuations in interest rates;
•  tax and regulatory changes and conditions;
• rating agency policies and practices;
• claims development; and
• loss of key executives.

Other factors such as changes in U.S. and global financial and equity markets resulting from general economic conditions, market disruptions and significant interest rate fluctuations and changes in credit spreads may adversely impact our investments or impede our access to, or increase the cost of, financing our operations.  We caution that the foregoing list of important factors is not intended to be, and is not, exhaustive.  For further information regarding cautionary statements and factors affecting future results, please refer to Max Capital Group Ltd.‘s Annual Report on Form 10-K for the year ended December 31, 2006 and other documents filed by it with the SEC.

We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.  If one or more risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary materially from what we projected.  Any forward-looking statements in our website reflect our current view with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity.  All subsequent written and oral forward-looking statements attributable to us or individuals acting on our behalf are expressly qualified in their entirety by this paragraph.