Exhibit 21.1



|                                        |  |                                        |  |                           
|--------------------------------------- |  | -------------------------------------- |  | --------------------------
|PARENT                                  |  | SUBSIDIARIES                           |  | JURISDICTIONOFORGANIZATION
|Max Capital Group Ltd. (the Registrant) |  | Max Bermuda Ltd.                       |  | Bermuda                   
|                                        |  | Max Managers Ltd.                      |  | Bermuda                   
|                                        |  | Max USA Holdings Ltd.                  |  | Delaware, USA             
|                                        |  | Max Capital Services Limited           |  | Ireland                   
|                                        |  | Max UK Holdings Ltd.                   |  | United Kingdom            
|                                        |  |                                       
|Max Bermuda Ltd.                        |  | Max Diversified Strategies Ltd.        |  | Bermuda                   
|                                        |  | Max Europe Holdings Limited            |  | Ireland                   
|                                        |  |                                       
|Max Europe Holdings Limited             |  | Max Re Europe Limited                  |  | Ireland                   
|                                        |  | Max Insurance Europe Limited           |  | Ireland                   
|                                        |  |                                       
|Max USA Holdings Ltd.                   |  | Max Specialty Insurance Company        |  | Delaware, USA             
|                                        |  | Max Specialty Insurance Services Ltd.  |  | Delaware, USA             
|                                        |  | Max Managers USA Ltd.                  |  | Delaware, USA             
|                                        |  |                                       
|Max Capital Services Limited            |  | Max Capital Services USA LLC           |  | Delaware, USA             
|                                        |  | Max Capital Services BDA Ltd.          |  | Bermuda                   
|                                        |  |                                       
|Max Specialty Insurance Company         |  | Max America Insurance Company          |  | Indiana, USA              
|                                        |  |                                       
|Max Specialty Insurance Services Ltd.   |  | Max California Insurance Services Ltd. |  | California, USA           
|                                        |  |                                       
|Max UK Holdings Ltd.                    |  | Max at Lloyds Ltd.                    |  | United Kingdom            
|                                        |  | Max at Lloyds Services Ltd.           |  | United Kingdom            
|                                        |  | Max at Lloyds ApS                      |  | Denmark                   
|                                        |  | Danish Re Group (UK) Limited           |  | United Kingdom            
|                                        |  | Max Corporate Capital 2 Ltd.           |  | United Kingdom            
|                                        |  | Max Corporate Capital 3 Ltd.           |  | United Kingdom            
|                                        |  | Max Corporate Capital 4 Ltd.           |  | United Kingdom            
|                                        |  | Max Corporate Capital 5 Ltd.           |  | United Kingdom            
|                                        |  | Max Corporate Capital 6 Ltd.           |  | United Kingdom            
|                                        |  |                                       
|Max at Lloyds ApS                       |  | Danre 1400 Singapore Pte. Ltd.         |  | Singapore