Max Re Opens Aviation Unit

Max Re Capital Ltd.’s subsidiary, Max Re, has launched an aviaition insurance unit.The aviaition unit, which will be based in the Company’s Dublin office, will be led by senior vice-president Olivier Marre. Previousy Marre the was general manager of underwriting, accounting and claims of Paris-based insurer La Reunion Aerienne.Max Re’s aviation unit will offer aviation insurance to international airlines and aircraft products manufacturers.In addition to launching a new aviation unit through its subsidiary, Max Re Capital also noted in a press release, that its Q3 earnings for 2006 will be hurt by an estimated US$35 million of hedge fund trading losses.