-----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, ExtgAzusdP7ZWiOKTBypXkyA129n0Eu9G/9ucpvFPrhsYWkjoJ/HX8d9+SvUknkz 6FWJeP46ppnpcpZJ3LLVVg== 0000950120-03-000756.txt : 20031118 0000950120-03-000756.hdr.sgml : 20031118 20031118160509 ACCESSION NUMBER: 0000950120-03-000756 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20031118 GROUP MEMBERS: JAMES G. DINAN GROUP MEMBERS: YORK CAPITAL MANAGEMENT L.P. GROUP MEMBERS: YORK INVESTMENT LIMITED GROUP MEMBERS: YORK OFFSHORE INVESTORS UNIT TRUST GROUP MEMBERS: YORK SELECT L.P. GROUP MEMBERS: YORK SELECT UNIT TRUST 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 SEC ACT: 1934 Act SEC FILE NUMBER: 005-57013 FILM NUMBER: 031010667 BUSINESS ADDRESS: STREET 1: 26 VICTORIA STREET CITY: HAMILTON STATE: D0 ZIP: HM FX BUSINESS PHONE: 4412965858 MAIL ADDRESS: STREET 1: P O BOX HM 1282 CITY: HAMILTON BERMUDA STATE: D0 ZIP: HM FX FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DINAN JAMES G CENTRAL INDEX KEY: 0001022078 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 350 PARK AVE 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2123772020 MAIL ADDRESS: STREET 1: 350 PARK AVE 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G 1 dinsch13g_1118.txt SCHEDULE 13G RE 10/14/03 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT 1934/* PXRE Group Ltd. - -------------------------------------------------------------------------------- (Name of Issuer) Common Shares, $1.00 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) G73018106 - -------------------------------------------------------------------------------- (CUSIP Number) October 14, 2003 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this 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 on 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). CUSIP No. 673018106 - ------------------- - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS -------------------------------------------------------------------- I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS James G. Dinan - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - ------------------------------ ---------- -------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY 237,308 Common Shares OWNED BY EACH REPORTING PERSON WITH - ------------------------------ ---------- -------------------------------------- 6 SHARED VOTING POWER -0- - ------------------------------ ---------- -------------------------------------- 7 SOLE DISPOSITIVE POWER 237,308 Common Shares - ------------------------------ ---------- -------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ------------------------------ ---------- -------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 237,308 Common Shares - ----------- -------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ----------- -------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.9% - ----------- -------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - ----------- -------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT 2 CUSIP No. 673018106 - ------------------- - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS York Investment Limited - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Commonwealth of the Bahamas - ----------- -------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY 101,331 Common Shares OWNED BY EACH REPORTING PERSON WITH - ------------------------------ ---------- -------------------------------------- 6 SHARED VOTING POWER -0- - ------------------------------ ---------- -------------------------------------- 7 SOLE DISPOSITIVE POWER 101,331 Common Shares - ------------------------------ ---------- -------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ------------------------------ ---------- -------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 101,331 Common Shares - ----------- -------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ----------- -------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.8% - ----------- -------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - ----------- -------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT 3 CUSIP No. 673018106 - ------------------- - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS York Capital Management L.P. - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------- -------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY 49,123 Common Shares OWNED BY EACH REPORTING PERSON WITH - ------------------------------ ---------- -------------------------------------- 6 SHARED VOTING POWER -0- - ------------------------------ ---------- -------------------------------------- 7 SOLE DISPOSITIVE POWER 49,123 Common Shares - ------------------------------ ---------- -------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ------------------------------ ---------- -------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 49,123 Common Shares - ----------- -------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ----------- -------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.4% - ----------- -------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - ----------- -------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT 4 CUSIP No. 673018106 - ------------------- - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS York Select L.P. - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------- -------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY -0- Common Shares OWNED BY EACH REPORTING PERSON WITH - ------------------------------ ---------- -------------------------------------- 6 SHARED VOTING POWER -0- - ------------------------------ ---------- -------------------------------------- 7 SOLE DISPOSITIVE POWER -0- Common Shares - ------------------------------ ---------- -------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ----------- -------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - ----------- -------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ----------- -------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - ----------- -------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - ----------- -------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT 5 CUSIP No. 673018106 - ------------------- - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS York Select Unit Trust - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - ------------------------------ ---------- -------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY -0- Common Shares OWNED BY EACH REPORTING PERSON WITH - ------------------------------ ---------- -------------------------------------- 6 SHARED VOTING POWER -0- - ------------------------------ ---------- -------------------------------------- 7 SOLE DISPOSITIVE POWER -0- Common Shares - ------------------------------ ---------- -------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ----------- -------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 Common Shares - ----------- -------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ----------- -------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - ----------- -------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - ----------- -------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT 6 - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS York Offshore Investors Unit Trust - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - ------------------------------ ---------- -------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY 52,208 Common Shares OWNED BY EACH REPORTING PERSON WITH - ------------------------------ ---------- -------------------------------------- 6 SHARED VOTING POWER -0- - ------------------------------ ---------- -------------------------------------- 7 SOLE DISPOSITIVE POWER 52,208 Common Shares - ------------------------------ ---------- -------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ----------- -------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 52,208 Common Shares - ----------- -------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ----------- -------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.4% - ----------- -------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - ----------- -------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT 7 SCHEDULE 13G ITEM 1(a). NAME OF ISSUER: -------------- PXRE Group Ltd. ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: ----------------------------------------------- 99 Front Street Suite #231 Hamilton, HM12 Bermuda ITEM 2.(A), NAME OF PERSON FILING; ADDRESS (B) AND (C) OF PRINCIPAL BUSINESS OFFICE; CITIZENSHIP: ----------------------------------------- This Schedule is being filed jointly by the following reporting persons (hereinafter sometimes collectively referred to as the "Reporting Persons") pursuant to an Agreement of Joint Filing attached hereto as Exhibit A: (i) James G. Dinan ("Dinan"), an individual who is the Senior Managing Member and holder of a controlling interest in both Dinan Management, L.L.C. ("Dinan Management"), a New York limited liability company, York Select Domestic Holdings, LLC ("York Select Domestic Holdings"), a New York limited liability company, York Select Offshore Holdings, LLC ("York Select Offshore Holdings"), a New York limited liability company and York Offshore Holdings, L.L.C. ("York Offshore LLC"), a New York limited liability company. Dinan is also a Director and holder of a controlling interest in York Offshore Holdings, Limited. ("York Offshore Limited"), a corporation of the Commonwealth of the Bahamas. Dinan is a citizen of the United States. (ii) York Investment Limited ("York Investment"), a corporation of The Commonwealth of The Bahamas. (iii) York Capital Management, L.P. ("York Capital"), a Delaware limited partnership. (iv) York Select, L.P. ("York Select"), a Delaware limited partnership. (v) York Select Unit Trust ("York Select Trust"), a trust organized under the laws of the Cayman Islands. (vi) York Offshore Investors Unit Trust ("York Offshore"), a trust organized under the laws of the Cayman Islands. York Offshore Limited is the investment manager of York Investment. Dinan Management is the General Partner of York Capital. York Select Domestic Holdings is the General Partner of York Select. York Select Offshore Holdings is the investment manager of York Select Trust. 8 York Offshore LLC is the investment manager of York Offshore. Dinan is also filing this statement on behalf of certain other funds and accounts ("Managed Accounts") over which he has discretionary investment authority. Dinan is the President and sole shareholder of JGD Management Corp., a Delaware corporation, which manages the Managed Accounts. ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE: ------------------------------------ The address of each of Dinan, York Capital and York Select is: 390 Park Avenue 15th Floor New York, New York 10022 The address of York Investment for purposes of this filing is: York Investment Limited c/o York Capital Management 390 Park Avenue 15th Floor New York, New York 10022 The address of York Select Trust for purposes of this filing is: York Select Unit Trust c/o York Capital Management 390 Park Avenue 15th Floor New York, New York 10022 The address of York Offshore for purposes of this filing is: York Offshore Investors Unit Trust c/o York Capital Management 390 Park Avenue 15th Floor New York, New York 10022 ITEM 2(d). TITLE OF CLASS OF SECURITIES: ---------------------------- Common Shares ITEM 2(e). CUSIP NUMBER: ------------ G73018106 9 ITEM 4.(a), (b) AND (c) OWNERSHIP. --------- Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (i) Dinan ----- (a) Amount beneficially owned: 237,308 shares. (b) Percent of class: 1.9 %. (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote 237,308 shares. (ii) Shared power to vote or direct the vote -0-. (iii) Sole power to dispose or direct the disposition of 237,308 shares. (iv) Shared power to dispose or direct the disposition of -0-. (ii) York Investment --------------- (a) Amount beneficially owned: 101,331 shares. (b) Percent of class: 0.8%. (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote 101,331 shares. (ii) Shared power to vote or direct the vote -0-. (iii) Sole power to dispose or direct the disposition of 101,331 shares. (iv) Shared power to dispose or direct the disposition of -0-. (iii) York Capital ------------ (a) Amount beneficially owned: 49,123 shares. (b) Percent of class: 0.4%. (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote 49,123 shares. (ii) Shared power to vote or direct the vote -0-. (iii) Sole power to dispose or direct the disposition of 49,123 shares. (iv) Shared power to dispose or direct the disposition of -0-. 10 (iv) York Select ----------- (a) Amount beneficially owned: 0 shares. (b) Percent of class: 0%. (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote 0 shares. (ii) Shared power to vote or direct the vote -0-. (iii) Sole power to dispose or direct the disposition of 0 shares. (iv) Shared power to dispose or direct the disposition of -0-. (v) York Select Trust ----------------- (a) Amount beneficially owned: 0 shares. (b) Percent of class: 0%. (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote 0 shares. (ii) Shared power to vote or direct the vote -0-. (iii) Sole power to dispose or direct the disposition of 0 shares. (iv) Shared power to dispose or direct the disposition of -0-. (vi) York Offshore ------------- (a) Amount beneficially owned: 52,208 shares. (b) Percent of class: 0.4%. (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote 52,208 shares. (ii) Shared power to vote or direct the vote -0-. (iii) Sole power to dispose or direct the disposition of 52,208 shares. (iv) Shared power to dispose or direct the disposition of -0-. The number of shares beneficially owned and the percentage of outstanding shares represented thereby, for each of the Reporting Persons, have been computed in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended. The percentage of ownership described above is based on 12,195,201 Common Shares outstanding on November 12, 2003. 11 ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. ------ The Managed Accounts have the right to receive dividends from, or the proceeds from the sale of, the Common Shares. 12 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. SIGNATURE --------- After reasonable inquiry and to the best of the knowledge and belief of the undersigned Reporting Person, the undersigned Reporting Person certifies that the information set forth in this statement with respect to it, or him, as the case may be, is true, complete and accurate. Dated: November 18, 2003 /s/ James G. Dinan -------------------------------------- James G. Dinan 13 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. SIGNATURE --------- After reasonable inquiry and to the best of the knowledge and belief of the undersigned Reporting Person, the undersigned Reporting Person certifies that the information set forth in this statement with respect to it, or him, as the case may be, is true, complete and accurate. Dated: November 18, 2003 YORK INVESTMENT LIMITED By: YORK OFFSHORE HOLDINGS LIMITED By: /s/ James G. Dinan ---------------------------------- James G. Dinan Director 14 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. SIGNATURE --------- After reasonable inquiry and to the best of the knowledge and belief of the undersigned Reporting Person, the undersigned Reporting Person certifies that the information set forth in this statement with respect to it, or him, as the case may be, is true, complete and accurate. Dated: November 18, 2003 YORK CAPITAL MANAGEMENT, L.P. By: DINAN MANAGEMENT, L.L.C. By: /s/ James G. Dinan --------------------------------- James G. Dinan Senior Managing Member 15 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. SIGNATURE --------- After reasonable inquiry and to the best of the knowledge and belief of the undersigned Reporting Person, the undersigned Reporting Person certifies that the information set forth in this statement with respect to it, or him, as the case may be, is true, complete and accurate. Dated: November 18, 2003 YORK SELECT, L.P. By: YORK SELECT DOMESTIC HOLDINGS, LLC By: /s/ James G. Dinan --------------------------------- James G. Dinan Senior Managing Member 16 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. SIGNATURE --------- After reasonable inquiry and to the best of the knowledge and belief of the undersigned Reporting Person, the undersigned Reporting Person certifies that the information set forth in this statement with respect to it, or him, as the case may be, is true, complete and accurate. Dated: November 18, 2003 YORK SELECT UNIT TRUST By: YORK SELECT OFFSHORE HOLDINGS LLC By: /s/ James G. Dinan --------------------------------- James G. Dinan Senior Managing Member 17 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. SIGNATURE --------- After reasonable inquiry and to the best of the knowledge and belief of the undersigned Reporting Person, the undersigned Reporting Person certifies that the information set forth in this statement with respect to it, or him, as the case may be, is true, complete and accurate. Dated: November 18, 2003 YORK OFFSHORE INVESTORS UNIT TRUST By: YORK OFFSHORE HOLDINGS, L.L.C. By: /s/ James G. Dinan ----------------------------- James G. Dinan Senior Managing Member 18 EXHIBIT A AGREEMENT OF JOINT FILING PXRE GROUP LTD. COMMON SHARES, NO PAR VALUE PER SHARE In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned hereby confirm the agreement by and among them to the joint filing on behalf of them of a Statement on Schedule 13G and any and all amendments thereto, with respect to the above referenced securities and that this Agreement be included as an Exhibit to such filing. This Agreement may be executed in any number of counterparts each of which shall be deemed to be an original and all of which together shall be deemed to constitute one and the same Agreement. WITNESS WHEREOF, the undersigned hereby execute this Agreement as of this 18th day of November, 2003. /s/ James G. Dinan YORK SELECT UNIT TRUST James G. Dinan - ------------------------------ By: YORK SELECT OFFSHORE HOLDINGS, LLC YORK INVESTMENT LIMITED By: YORK OFFSHORE HOLDINGS LIMITED By: /s/ James G. Dinan ---------------------------------- James G. Dinan Senior Managing Member By: /s/ James G. Dinan -------------------------- James G. Dinan Director YORK OFFSHORE INVESTORS UNIT TRUST By: YORK OFFSHORE HOLDINGS, L.L.C. YORK CAPITAL MANAGEMENT, L.P. By: DINAN MANAGEMENT, L.L.C. By: /s/ James G. Dinan ---------------------------------- James G. Dinan Senior Managing Member By: /s/ James G. Dinan -------------------------- James G. Dinan Senior Managing Member YORK SELECT, L.P. By: YORK SELECT DOMESTIC HOLDINGS, LLC By: /s/ James G. Dinan -------------------------- James G. Dinan Senior Managing Member -----END PRIVACY-ENHANCED MESSAGE-----