Boulder, Colorado-based XOR Inc., a managed services provider that develops customised solutions for eBusinesses, and Bermuda-based omni.bm, the interactive media division of AAC Saatchi & Saatchi.

XOR will initially operate and manage the site and work with Max Re to continuously innovate their eBusiness to keep Max Re in a leading competitive position over the long-term. Max Re's web site is located at both www.maxrecapital.com and www.maxre.bm.

"Due to our deep technical expertise and full-service capabilities, we were able to quickly develop a leading-edge site for Max Re's Internet debut. At the same time, the site is fully scalable in order to provide a long-term base for future growth to the company,'' said XOR president Greg Jacobsen.

"Internet technology allows global businesses in traditional industries, like insurance, to serve clients across all markets more quickly and cost-effectively than ever before,'' said Robert Cooney, president and CEO of Max Re.

"Though we are a `bricks-and-mortar' company, we want to be able to continuously innovate our eBusiness capabilities in order to rapidly meet changing customer needs, and we regard XOR as our partner in helping us achieve this,'' he added.