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Filing Details

Accession Number:: 0001011438-10-000154
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-03-18 13:00:00
Reporting Period:: 2010-03-16

Filing Date:: 2010-03-18
Accepted Time:: 2010-03-18 16:36:43
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1141719	Max Capital Group Ltd.	MXGL	Fire, Marine & Casualty Insurance (6331)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1051290	M Louis Bacon	C/O Moore Capital Management, Llc 1251 Avenue Of The Americas New York NY 10020		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Shares	Disposition	2010-03-16	171,902	$0.00	7,041,653	No	4	J	Indirect	See Footnotes
Common Shares	Acquisiton	2010-03-16	920,543	$15.00	7,962,196	No	4	X	Indirect	See Footnotes
Common Shares	Disposition	2010-03-16	580,223	$23.80	7,381,973	No	4	S	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Indirect	See Footnotes
No	4	X	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Shares	Common Share Warrants (right to buy)	Disposition	2010-03-16	920,543	$0.00	920,543	$15.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2010-03-31	No	4	X	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Shares	1,666,667	Indirect	See Footnotes
Common Shares	666,667	Indirect	See Footnotes

Footnotes

374,986 shares of these securities are held by Kendall Family Investments, LLC, a Delaware limited liability company ("Kendall"), and the remaining securities are held by Moore Holdings, LLC, a Delaware limited liability company ("Moore Holdings"). The Reporting Person is the majority equity holder of Kendall which is the managing member of Moore Holdings.
On March 16, 2010, Moore Holdings distributed 546,888 of the Issuer's common shares pro rata to its members for no consideration, including 374,986 common shares to Kendall.
Reflects the exercise of warrants using a cashless exercise feature resulting in a net issuance of 340,320 common shares of the Issuer.
These securities are held by Moore Global Investment, Ltd., an international business company organized under the laws of the Bahamas ("MGI"). The Reporting Person serves as chief executive officer and director and indirectly controls the limited partnership which serves as discretionary investment manager to MGI.
These securities are held by Remington Investment Strategies, L.P., a Delaware limited partnership ("Remington"). The Reporting Person indirectly controls the limited liability company that serves as general partner of Remington.
The warrants were exercisable into common shares of the Issuer at any time at the option of the holder.
The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owners of any securities not held directly for his account for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.
These securities are held by Moore Holdings.