PXRE reorganizes operations
Bermuda-based PXRE has carried out a reorganization of its underwriting and support organisations. According to the company there will be a 10% staff reduction and it hopes to achieve annual cost savings of $4m.
Executive vice president Michael Bleisnick is to take early retirement. Senior vice president John Modin has been appointed executive vice president, and will retain his duties as chief financialOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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