<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>exhi991.txt
<TEXT>

<PAGE>
                                                                 Exhibit 99.1


                             Joint Filing Agreement

     The undersigned hereby agree to jointly prepare and file with the
Securities and Exchange Commission a Schedule 13D and any future amendments
thereto reporting each of the undersigned's ownership of securities of PXRE
Group Ltd. and hereby affirm that such Schedule 13D is being filed on behalf of
each of the undersigned.


                           SELECT REINSURANCE, LTD.


                           By:   /s/ Robert P. Myron
                                -----------------------------------------------
                           Name:  Robert P. Myron
                           Title: Vice President


                           MARINER INVESTMENT GROUP, INC.


                           By:     /s/ William Michaelcheck
                                 ---------------------------------------------
                           Name:  William Michaelcheck
                           Title: Chairman


Dated: November 26, 2001


                              (Page 1 of 9 Pages)


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</DOCUMENT>