-----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, BBMcckdpELFjZ0psOo1JYeJoBuuRVwZiN2zukmudjz3TQI+DjzKba/AwDW3N+UnZ gdHDlg+O9XJAy2c06dd9Aw== 0001125282-02-001977.txt : 20020612 0001125282-02-001977.hdr.sgml : 20020612 20020612151339 ACCESSION NUMBER: 0001125282-02-001977 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020610 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020612 FILER: 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15259 FILM NUMBER: 02677318 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 8-K 1 b318928-8k.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 PXRE Group Ltd. ---------------------------------------------------------------------- (Exact name of registrant as specified in its charter) June 10, 2002 ------------------------------------------------------------------- Date of Report (Date of earliest event reported) Bermuda 1-15259 98-0214719 - ------------------------------------------------------------------------------ (State or other juris- (Commission (I.R.S. Employer diction of incorporation) File Number) Identification No.) 12 Church Street, Suite 231, Hamilton HM 11, Bermuda ---------------------------------------------------- (Address of principal executive offices) (Zip Code) (441) 296-5858 ---------------------------------------------------- (Registrant's telephone number, including area code) Item 5. Other Events. On June 11, 2002, PXRE Group Ltd. issued a press release announcing that its subsidiary, PXRE Corporation, had been awarded $8.25 million plus interest on June 10, 2002, at the conclusion of the trial of its dispute against Terra Nova Insurance Company Limited. A copy of the press release is attached to this Form 8-K as Exhibit 99.1 and is incorporated herein by reference. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (a) Not applicable. (b) Not applicable. (c) The following exhibit is filed with this report: 99.1 Press release of PXRE Group Ltd., dated June 11, 2002. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PXRE GROUP LTD. Dated: June 12, 2002 By: /s/ Jeffrey L. Radke ------------------------ Jeffrey L. Radke EXHIBIT INDEX Exhibit No. Exhibit Page - ----------- ------- ---- 99.1 Press release of PXRE Group Ltd., dated June 11, 2002. EX-99.1 3 b318928_ex99-1.txt PRESS RELEASE [Letterhead of PXRE Group] Contact: James F. Dore Executive Vice President and Chief Financial Officer (441) 296-5858 PXRE PREVAILS AGAINST TERRA NOVA IN $8.25 MILLION DISPUTE HAMILTON, Bermuda (June 11, 2002) - PXRE Group Ltd. (NYSE: PXT) today announced that its subsidiary, PXRE Corporation, had been awarded $8.25 million plus interest by a jury at the conclusion of the trial of its dispute against Terra Nova Insurance Company Limited. The trial was held before the United States District Court for the District of New Jersey. The dispute concerned PXRE's claims under two insurance policies that had been issued by an agent of Terra Nova. PXRE had previously included the aggregate sum of $8.25 million in Other Assets as a receivable. PXRE was represented in the dispute by the law firm of Frankel & Abrams. PXRE - with operations principally in Bermuda, Barbados, the United States and Europe - provides reinsurance products and services to a worldwide market place. The Company's primary focus is providing property catastrophe and retrocessional coverage, where it has been among the leading franchises for two decades. The Company also provides marine and aerospace and finite reinsurance insurance products and services. The Company's shares trade on the New York Stock Exchange under the symbol PXT. To request other printed investor material from PXRE or additional copies of this news release, please call (441) 296-5858, send e-mail to Investor_Relations@pxregroup.com, or visit www.pxregroup.com -END- -----END PRIVACY-ENHANCED MESSAGE-----