PXRE Group Schedules Second Quarter 2007 Earnings Announcement and Conference Call

HAMILTON, Bermuda, July 19  /PRNewswire-FirstCall/ -- PXRE Group Ltd. (NYSE:PXT), a provider of reinsurance products and services to a worldwide marketplace, will release its 2007 second quarter financial results after the market close on Monday, August 6, 2007.  The Company will hold a conference call to discuss its 2007 second quarter financial results on Tuesday, August 7, 2007, at 9:00 a.m. ET.

PXRE will host a live webcast of the conference call, available online at http://www.pxre.com/.  Participants inside the U.S. and Canada can also access the call by dialing [phone].  International participants should dial [phone].

Following the conclusion of the presentation, the webcast will remain available online through September 7, 2007, at http://www.pxre.com/.  In addition, a replay of the call will be available from August 7, 2007 - August 14, 2007 by dialing [phone].  Callers dialing from outside the U.S. and Canada can access the call by dialing [phone].  Please enter 6741562 as the conference ID.

About PXRE Group

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 common shares trade on the New York Stock Exchange under the symbol "PXT."

To request other printed investor material from PXRE or additional copies of this news release, please contact Jamie Tully or Lesley Bogdanow at Sard Verbinnen & Co, [phone] or visit http://www.pxre.com/. 

DATASOURCE: PXRE Group Ltd.



CONTACT:  Robert P. Myron, Chief Financial Officer of PXRE Group Ltd.,

[phone]; or Investors, Jamie Tully, or Lesley Bogdanow, both of Sard

Verbinnen & Co, [phone]



Web site:  http://www.pxre.com/ 

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