PXRE faces $53.4mn hit on cat bond and retro cancellation
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PXRE faces $53.4mn hit on cat bond and retro cancellation

09 February 2007
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Beleaguered Bermudian PXRE is facing termination charges of up to $53.4mn on cat bonds and reinsurance contracts if, as expected, it goes into run-off.

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NewsJanuary 2007/3
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