-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KPRyp0z+oXEAMKORfM+o3sBaVZN0aI4MiSldij7FYUSP1596zEeIykzGjMz+kU24 h+5lMMMYPPWRZENXVScGVQ== 0000902561-02-000166.txt : 20020415 0000902561-02-000166.hdr.sgml : 20020415 ACCESSION NUMBER: 0000902561-02-000166 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020326 GROUP MEMBERS: MARINER INVESTMENT GROUP, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PXRE GROUP LTD CENTRAL INDEX KEY: 0001091748 STANDARD INDUSTRIAL CLASSIFICATION: TITLE INSURANCE [6361] IRS NUMBER: 980214719 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-57013 FILM NUMBER: 02586835 BUSINESS ADDRESS: STREET 1: CLARENDON HOUSE STREET 2: 12 CHURCH STREET MAILTON HM CX CITY: BERMUDA STATE: D0 ZIP: 00000 BUSINESS PHONE: 4412965858 MAIL ADDRESS: STREET 1: CLARENDON HOUSE STREET 2: 12 CHURCH STREET HAMILTON HM CX CITY: BERMUDA STATE: D0 ZIP: 00000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SELECT REINSURANCE LTD CENTRAL INDEX KEY: 0001036518 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: CORNER HOUSE STREET 2: 20 PARLIAMENT ST 4TH FL HAMILTON CITY: HM 12 BERMUDA STATE: D0 BUSINESS PHONE: 4412968453 MAIL ADDRESS: STREET 1: CORNER HOUSE STREET 2: 20 PARLIAMENT ST 4TH FL HAMILTON CITY: HM12 BERMUDA SC 13G/A 1 sc13ga.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------------------- SCHEDULE 13G Under the Securities Exchange Act of 1934 Amendment No.1 ------------------------- PXRE Group Ltd. (Name of Issuer) Common Stock, par value $1.00 per share (Title of Class of Securities) G73018106 (CUSIP Number) February 15, 2002 (Date of Event Which Requires Filing of the Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 6 SCHEDULE 13G CUSIP No. G73018106 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 98-0189774 Select Reinsurance, Ltd. - ------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (a) |_| (b) |X| - ------------------------------------------------------------------------------- 3) SEC USE ONLY - ------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda - ------------------------------------------------------------------------------- NUMBER 5) SOLE VOTING POWER OF None SHARES BENEFICIALLY 6) SHARED VOTING POWER OWNED BY None EACH REPORTING 7) SOLE DISPOSITIVE POWER PERSON None WITH 8) SHARED DISPOSITIVE POWER None - ------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None - ------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - ------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% - ------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------- Page 2 of 6 SCHEDULE 13G CUSIP No. G73018106 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 13-3698301 Mariner Investment Group, Inc - ------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (a) |_| (b) |X| - ------------------------------------------------------------------------------- 3) SEC USE ONLY - ------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda - ------------------------------------------------------------------------------- NUMBER 5) SOLE VOTING POWER OF None SHARES BENEFICIALLY 6) SHARED VOTING POWER OWNED BY None EACH REPORTING 7) SOLE DISPOSITIVE POWER PERSON None WITH 8) SHARED DISPOSITIVE POWER None - ------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None - ------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - ------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% - ------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------- Page 3 of 6 Item 1. (a) Name of Issuer: PXRE Group Ltd. (b) Address of Issuer's Principal Executive Offices: PXRE Group Ltd. 99 Front Street Hamilton HM 12, Bermuda Mailing Address: Suite 231 12 Church Street Hamilton HM 12, Bermuda Item 2. (a) Name of Person Filing: This statement is filed on behalf of Select Reinsurance, Ltd. and Mariner Investment Group Inc. (b) Address of Principal Business Office or, if None, Residence: Select Reinsurance, Ltd. Victoria Hall 11 Victoria Street, 3rd Floor Hamilton, HM 11 Bermuda Mariner Investment Group, Inc. 780 3rd Avenue, 16th Floor New York, NY 10017 (c) Citizen: Select Reinsurance, Ltd. is a citizen of Bermuda and Mariner Investment Group, Inc. is a citizen of New York. (d) Title of Class of Securities: Common Stock, $1.00 par value (e) CUSIP Number: G73018106 Page 4 of 6 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) |_| Broker or Dealer registered under Section 15 of the Exchange Act. (b) |_| Bank as defined in section 3(a)(6) of the Exchange Act. (c) |_| Insurance Company as defined in section 3(a)(19) of the Exchange Act. (d) |_| Investment Company registered under section 8 of the Investment Company Act. (e) |_| An investment advisor in accordance with Rule 13d-1(b)(1)(ii)(E); (f) |_| An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) |_| A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) |_| A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) |_| A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act; (j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. |X| Item 4. Ownership: For information concerning the ownership of Common Stock of the Company by the Reporting Persons, see Items 5 through 9 and 11 of the cover pages to this schedule 13G. Item 5. Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X]. Item 6. Ownership of More than Five Percent on Behalf of Another Person: Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported On By the Parent Holding Company: Not applicable. Item 8. Identification and Classification of Member of the Group: Not applicable. Item 9. Notice of Dissolution of Group: Not applicable. Item 10. Certification: By signing below I certify that to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 5 of 6 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. SELECT REINSURANCE, LTD. By /s/ Robert P. Myron --------------------------------- Name: Robert P. Myron Title: Vice President Dated: March 26, 2002 Hamilton, Bermuda MARINER INVESTMENT GROUP, INC. By /s/ William Michaelcheck --------------------------------- Name: William Michaelcheck Title: Chairman Dated: March 26, 2002 New York, NY Page 6 of 6 -----END PRIVACY-ENHANCED MESSAGE-----