75% of PXRE business at risk of cancellation as rivals circle
PXRE has continued to sail into stormy waters, after it reported a net loss of $446.5m for the fourth quarter of 2005 and admitted that up to three quarters of its business is at risk of cancellation.
Jeffrey L. Radke, president and chief executive of PXRE Group, commented, "More than 75% of our current reinsurance clients, as measured by the premium volume, have the right to cancel their
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