Reinsurance is pivotal to keeping insurers going in the wake of such as major insurable disasters as hurricanes and wildfires. This is where insurance professionals will find the information they need about the state of the insurance industry, managing risks, and how to navigate the most impactful events of our time.
The New York-based rating service lowered PXRE's financial strength rating from "Baa2" to "Baa3" and the debt rating of PXRE Capital Trust I to "B3" from "B1." The ratings remain on review for possibl
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