Angelo M. Guagliano, most recently executive vice president and chief underwriting officer of Max Capital's Bermuda operating company, Max Bermuda Limited, has been promoted to president and chief executive officer of Max Bermuda.

A former XL Insurance executive, Mr. Guagliano has also been appointed to Max Bermuda's board of directors.

W. Marston (Marty) Becker, is relinquishing the role of CEO of Max Bermuda, but continues to serve as chairman of Max Bermuda as well as Chairman and CEO of Max Capital, its parent company.

Mr. Becker said: "We are pleased to recognise Angelo's many talents and contributions to our organisation with this well-deserved promotion. We're also pleased because it advances Max's goal of having experienced and dedicated leadership for each of our geographic platforms to ensure continued quality and consistency of execution as we continue to implement our strategic growth plans."