Jeffrey Radke v. Sacha Bearden
Jeffrey Radke vs. Sacha Bearden - Bermuda Supreme Court
Class Action lawsuits filed against PXRE Group
Three shareholder class action lawsuits were filed against PXRE Group Ltd., one former officer, and one current one from May 3-10 at the U. S. District Court for the Southern District of New York.
The plaintiffs have accused PXRE, Jeffrey L. Radke, the firm's President and CEO, and John M. Modin, who was its CFO until he resigned on January 6, 2006, of violating the Securities Exchange Act.
PXRE enters into quota share reinsurance agreement
PXRE Group Ltd. has entered into a quota share reinsurance agreement with P-1 Re Ltd., a newly formed special purpose Bermuda reinsurer capitalized by a group of private institutional investors.This reinsurance agreement provides PXRE with $194 million in funded reinsurance protection against property catastrophe, marine, aviation, satellite and per-risk losses over the next two years.
