| | Business Summary | | PXRE
Group
Ltd.,
which
operates
principally
in
Bermuda,
Barbados,
the
United
States
and
Europe,
provides
reinsurance
products
and
services.
The
Company
primarily
emphasizes
commercial
and
personal
property
and
casualty
reinsurance
risks,
and
it
offers
both
broker-based
and
direct-writing
distribution
capabilities.
PXRE
also
provides
marine
and
aerospace
reinsurance
products
and
services.
The
Company
conducts
its
business
primarily
through
its
principal
operating
subsidiaries,
PXRE
Delaware,
PXRE
Reinsurance
Company
(PXRE
Reinsurance),
PXRE
Bermuda,
PXRE
Solutions
and
PXRE
Barbados. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | PXRE
Group
Ltd.,
a
holding
company,
is
principally
engaged
in
the
underwriting
of
treaty
and
facultative
reinsurance
for
property
(including
marine
and
aerospace)
and
short
tail
casualty
risks.
For
the
six
months
ended
6/30/01,
revenues
rose
13%
to
$112.9
million.
Net
income
before
acct.
change
totaled
$7.2
million
vs.
a
loss
of
$19.5
million.
Results
reflect
higher
net
premiums
earned
due
to
reduced
ceding,
and
a
reduction
in
catastrophe
losses. | | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Gerald Radke, 55
Pres,
CEO, Chairman | $1.3M | -- | James Dore, 54
Exec.
VP, CFO | -- | -- | Charles Penruddocke, 56
Exec.
VP-- International Operations, Managing Director | 472K | -- | Michael Bleisnick, 48
Exec.
VP-- London Market Operations | 711K | -- | Gordon Forsyth, lll, 52
Exec.
VP-- North American Operations | 612K | $7.4K | | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/p/pxt.gif)