Max Re Capital Ltd. has announced that its subsidiary, Max Re Ltd., has increased its product offerings by forming a dedicated property division. This department will provide insurance and reinsurance solutions for large multi-national clients on a worldwide basis. This new business will be led by Louis A. Adanio, senior vice president and chief property underwriter, and will focus on commercial, industrial, and technical risks. Mr. Adanio has more than 25 years? underwriting experience primarily with SCOR Reinsurance and most recently, with Endurance Specialty in Bermuda.

In a Press statement Robert J. Cooney, chairman, president and CEO of Max Re Capital, said: ?We are pleased to offer this complementary product line along side our growing excess general liability and professional lines businesses. Lou brings a wealth of experience that will serve the company well as we enter this business.? The company will offer up to $25 million in capacity from its Bermuda headquarters for direct insurance and reinsurance treaties.

Max Re Capital Ltd. through its principal operating subsidiaries, Max Re Ltd., and Max Re Europe Limited, offers customised risk transfer solutions to life and health insurers, property and casualty insurers and large corporations.