PXRE faces $60mn hit on cat bond and retro cancellation
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PXRE faces $60mn hit on cat bond and retro cancellation

12 February 2007
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Beleaguered Bermudian reinsurer PXRE is facing termination charges of up to $60mn on cat bonds and reinsurance contracts if, as expected, it goes into run-off.

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News February 2007/2
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