PXRE to Present at Keefe, Bruyette & Woods Inaugural Reinsurance Conference in London HAMILTON, Bermuda, May 12 /PRNewswire-FirstCall/ -- PXRE Group Ltd. (NYSE: PXT) announced today that Jeffrey L. Radke, President & Chief Executive Officer of PXRE Group, and John Modin, Executive Vice President and Chief Financial Officer of PXRE Group, will speak at the Keefe, Bruyette & Woods Inaugural Reinsurance Conference in London. The presentation will take place on Thursday, May 19th, 2005 at 8:50 am GMT. A copy of the presentation will be available on PXRE's website at http://www.pxre.com/. PXRE - with operations in Bermuda, Europe and the United States - provides reinsurance products and services to a worldwide marketplace. The Company's primary focus is providing property catastrophe reinsurance and retrocessional coverage. The Company also provides marine, aviation and aerospace products and services. The Company's shares trade on the New York Stock Exchange under the symbol "PXT." DATASOURCE: PXRE Group Ltd. CONTACT: John Modin, Chief Financial Officer of PXRE Group Ltd., 441-296-5858, ; Investors: Citigate Sard Verbinnen - Jamie Tully, , or Debbie Miller, , +1-212-687-8080

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