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PXRE Mulls Going Into Runoff

PXRE Group Ltd. reported second-quarter net income fell to $2.1 million from $43.5 million in the same 2005 period in the wake of an April ratings withdrawal that has the carrier seriously considering

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PXRE Group Ltd. reported second-quarter net income fell to $2.1 million from $43.5 million in the same 2005 period in the wake of an April ratings withdrawal that has the carrier seriously considering going out of business, management said.

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