FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

MOORE HOLDINGS LLC 		2. Issuer Name and Ticker or Trading Symbol

MAX CAPITAL GROUP LTD. [ MXGL ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

1251 AVENUE OF THE AMERICAS 		3. Date of Earliest Transaction (MM/DD/YYYY)

3/16/2010
(Street)

NEW YORK, NY 10020
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

3/18/2010 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares   3/16/2010     X    4320   (1) A $15.00   (2) 7011307   D    
Common Shares   3/16/2010     S    2723   (1) D $23.80   (2) 7008584   D    
Common Shares   3/16/2010     X    40404   (1) A $16   (3) 7048988   D    
Common Shares   3/16/2010     S    27165   (1) D $23.80   (3) 7021823   D    
Common Shares   3/16/2010     X    75000   (1) A $18   (4) 7096823   D    
Common Shares   3/16/2010     S    56727   (1) D $23.80   (4) 7040096   D    
Common Shares   3/16/2010     X    522666   (1) A $16   (5) 7562762   D    
Common Shares   3/16/2010     S    351402   (1) D $23.80   (5) 7211360   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Share Warrants (right to buy)   $15   3/16/2010     X         4320   (1)     (6) 6/29/2010   Common Shares   4320   $0   0   D    
Common Share Warrants (right to buy)   $16   3/16/2010     X         40404   (1)     (6) 1/1/2011   Common Shares   40404   $0   0   D    
Common Share Warrants (right to buy)   $18   3/16/2010     X         75000   (1)     (6) 5/22/2011   Common Shares   75000   $0   0   D    
Common Share Warrants (right to buy)   $16   3/16/2010     X         522666   (1)     (6) 8/17/2011   Common Shares   522666   $0   642385   D    

Explanation of Responses:
( 1)  These shares were omitted from the Reporting Person's original Form 4 filed on March 18, 2010.
( 2)  Reflects the exercise of warrants using a cashless exercise feature resulting in a net issuance of 1,597 common shares of the Issuer.
( 3)  Reflects the exercise of warrants using a cashless exercise feature resulting in a net issuance of 13,239 common shares of the Issuer.
( 4)  Reflects the exercise of warrants using a cashless exercise feature resulting in a net issuance of 18,273 common shares of the Issuer.
( 5)  Reflects the exercise of warrants using a cashless exercise feature resulting in a net issuance of 171,264 common shares of the Issuer.
( 6)  The warrants were exercisable into common shares of the Issuer at any time at the option of the holder.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
MOORE HOLDINGS LLC
1251 AVENUE OF THE AMERICAS
NEW YORK, NY 10020
X


Signatures
/s/ James E. Kaye 3/25/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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