<html>
<head><title>
Prepared and filed by St Ives Financial
</title>
</head>
<body bgcolor="#FFFFFF">
<div style="page-break-before:always"></div>
<page>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td height="4" valign="bottom" bgcolor="#000000"></td>
  </tr>
  <tr>
    <td height="2" valign="top"></td>
  </tr>
  <tr>
    <td height="1" valign="top" bgcolor="#000000"></td>
  </tr>
</table>
<p align="center"><font size="2" face="serif"><b><font face="serif" size="5">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION</font></b><br>
<font face="serif" size="3">WASHINGTON, D.C. 20549 </font></p>
<p align="center"><b><font face="serif" size="5">FORM 8-K </font></b></p>
<p align="center"><font size="4" face="serif"><b>CURRENT REPORT </b></font></p>
<p align="center"><font size="2" face="serif"><b>PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </b></font></p>
<p align="center"><font size="2" face="serif">October 27, 2005<br>
Date of Report (Date of earliest event reported) </font></p>
<p align="center"><b><font face="serif" size="5">PXRE GROUP LTD. </font></b><br>
<font size="2" face="serif">(Exact name of registrant as specified in its charter) </font></p>
<table width="100%" cellspacing="0" cellpadding="0" align="center" border="0">
<tr valign="top">
<td align="left"><font size="1" face="serif">&nbsp;</font></td>
<td align="left"><font size="1" face="serif">&nbsp;</font></td>
<td align="left"><font size="1" face="serif">&nbsp;</font></td>
</tr>
<tr align="center" valign="top" bgcolor="#ffffff">
<td><font size="2" face="serif">         Bermuda                  </font></td>
<td width="30%"><font size="2" face="serif">   1-15259       </font></td>
<td width="30%"><font size="2" face="serif">         98-0214719</font></td>
</tr>
<tr align="center" valign="top" bgcolor="#FFFFFF">
<td><font size="2" face="serif">(State or other jurisdiction      </font></td>
<td><font size="2" face="serif"> (Commission     </font></td>
<td><font size="2" face="serif">      (I.R.S. Employer</font></td>
</tr>
<tr align="center" valign="top" bgcolor="#FFFFFF">
<td><font size="2" face="serif">of incorporation or organization)  </font></td>
<td><font size="2" face="serif">  File No.)      </font></td>
<td><font size="2" face="serif">    Identification No.)</font></td>
</tr>
</table>
<br><br>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
  <td align="left" width="15%">&nbsp;</td>
<td align="left" width="45%"><font size="2" face="serif">PXRE House                        </font></td>
<td align="left"><font size="2" face="serif">       P.O. Box HM 1282</font></td>
</tr>
<tr valign="top">
  <td align="left">&nbsp;</td>
<td align="left"><font size="2" face="serif">         110 Pitts Bay Road                    </font></td>
<td align="left"><font size="2" face="serif">   Hamilton HM FX</font></td>
</tr>
<tr valign="top">
  <td align="left">&nbsp;</td>
<td align="left"><font size="2" face="serif">         Pembroke HM 08                        </font></td>
<td align="left"><font size="2" face="serif">   Bermuda</font></td>
</tr>
<tr valign="top">
  <td align="left">&nbsp;</td>
<td align="left"><font size="2" face="serif">         Bermuda</font></td>
<td align="left"><font size="2" face="serif">&nbsp;</font></td>
</tr>
<tr valign="top">
  <td align="left">&nbsp;</td>
<td align="left"><font size="2" face="serif">         (Address, including zip code,</font></td>
<td align="left"><font size="2" face="serif">&nbsp;</font></td>
</tr>
<tr valign="top">
  <td align="left">&nbsp;</td>
<td align="left"><font size="2" face="serif">         of principal executive offices)   </font></td>
<td align="left"><font size="2" face="serif">       (Mailing address)</font></td>
</tr>
</table>
<p align="center"><font size="2" face="serif">(441) 296-5858<br>
(Registrant's telephone number, including area code)</font></p>
<p align="center"><font size="2" face="serif">NOT APPLICABLE <br>
(Former Name or Former Address, if Changed Since Last Report) </font></p>
<p align="left"><font size="2" face="serif">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): </font></p>  <table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td align="left" width="3%"><img src="emptybox.gif"></td>
<td align="left"><font size="2" face="serif">Written communications pursuant to Rule 425 under the Securities Act </font></td>
</tr>
<tr valign="top">
<td align="left"><font size="2" face="serif">&nbsp;</font></td>
<td align="center"><font size="2" face="serif">(17 CFR 230.425)</font></td>
</tr>
<tr valign="top">
<td>&nbsp;</td>
<td>&nbsp;</td> </tr>
<tr valign="top">
<td align="left"><img src="emptybox.gif"></td>
<td align="left"><font size="2" face="serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act </font></td>
</tr>
<tr valign="top">
<td align="left"><font size="2" face="serif">&nbsp;</font></td>
<td align="center"><font size="2" face="serif">(17 CFR 240.14a-12)</font></td>
</tr>
<tr valign="top">
<td>&nbsp;</td>
<td>&nbsp;</td> </tr>
<tr valign="top">
<td align="left"><img src="emptybox.gif"></td>
<td align="left"><font size="2" face="serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </font></td>
</tr>
<tr valign="top">
<td>&nbsp;</td>
<td>&nbsp;</td> </tr>
<tr valign="top">
<td align="left"><img src="emptybox.gif"></td>
<td align="left"><font size="2" face="serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font></td>
</tr>
</table>
<p align="center">&nbsp;</p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td height="1" valign="top" bgcolor="#000000"></td>
  </tr>
  <tr>
    <td height="2" valign="top" bgcolor="#FFFFFF"></td>
  </tr>
  <tr>
    <td height="4" valign="bottom" bgcolor="#000000"></td>
  </tr>
</table>

<div style="page-break-before:always"></div>
<page>
<a name="p?"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="left"><font size="2" face="serif"><b>Item 2.02.  Results of Operations and Financial Condition.</b></font></p>
<p align="left"><font size="2" face="serif">On October 27, 2005, PXRE Group Ltd. (the &quot; <u>Company </u>&quot;) issued a press release (the &quot; <u>Press Release </u>&quot;) announcing the Company's results for the quarter ended September 30, 2005. A copy of the Press Release and the preliminary Unaudited Financial Statements as of and for the quarter ended September 30, 2005 (excluding footnotes) are  attached hereto as Exhibits 99.1 and 99.2 to this Form 8-K.   Exhibits 99.1 and 99.2 hereto are each being furnished pursuant to Item 2.02 of Form 8-K and are therefore not to be considered &quot;filed&quot; with the Securities and Exchange Commission (the &quot; <u>SEC </u>&quot;). </font></p>
<p align="left"><font size="2" face="serif"><b>Item 9.01.  FINANCIAL STATEMENTS AND EXHIBITS </b></font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
  <td align="left">&nbsp;</td>
  <td align="left"><font size="2" face="serif">(c)</font></td>
  <td align="left"><font size="2" face="serif">Exhibits</font></td>
  <td align="left">&nbsp;</td>
  <td align="left">&nbsp;</td>
</tr>
<tr valign="top">
  <td align="left">&nbsp;</td>
  <td align="left">&nbsp;</td>
  <td align="left">&nbsp;</td>
  <td align="left">&nbsp;</td>
  <td align="left">&nbsp;</td>
</tr>
<tr valign="top">
  <td align="left">&nbsp;</td>
  <td align="left">&nbsp;</td>
  <td align="left"><font size="2" face="serif">Exhibit No.</font></td>
  <td align="left"><font size="2" face="serif">Description</font></td>
  <td align="left">&nbsp;</td>
</tr>
<tr valign="top">
  <td>&nbsp;</td>
  <td>&nbsp;</td>
  <td>&nbsp;</td>
<td>&nbsp;</td> </tr>
<tr valign="top">
  <td>&nbsp;</td>
  <td>&nbsp;</td>
  <td><font size="2" face="serif">99.1</font></td>
<td><font size="2" face="serif">Press release of PXRE Group Ltd. dated October
    27, 2005 containing financial information for the quarter ended September
    30, 2005.</font></td>
</tr>
<tr valign="top">
  <td>&nbsp;</td>
  <td>&nbsp;</td>
  <td>&nbsp;</td>
<td>&nbsp;</td> </tr>
<tr valign="top">
  <td align="left" width="6%">&nbsp;</td>
  <td align="left" width="6%">&nbsp;</td>
  <td align="left" width="12%"><font size="2" face="serif">99.2</font></td>
<td align="left"><font size="2" face="serif">Preliminary Unaudited Financial
    Statements as of and for the quarter and nine-months ended September 30,
    2005 (excluding footnotes).</font></td>
<td align="left"><font size="2" face="serif">&nbsp;</font></td>
</tr>
<tr valign="top">
  <td>&nbsp;</td>
  <td>&nbsp;</td>
  <td>&nbsp;</td>
<td>&nbsp;</td> </tr>
</table>
<p align="center"><font size="2" face="serif"><b>SIGNATURES </b></font></p>
<p align="left"><font size="2" face="serif">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </font></p>
<p align="center"><font size="2" face="serif"><b><u>PXRE Group Ltd. </u></b></font><br>
<font size="2" face="serif">(Registrant) </font></p>
<table width="40%" cellspacing="0" cellpadding="0" align="center" border="0">
<tr valign="top" bgcolor="#ffffff">
  <td align="left">&nbsp;</td>
  <td align="left">&nbsp;</td>
  </tr>
<tr valign="top" bgcolor="#ffffff">
  <td width="15%" align="left"><font size="2" face="serif"><i>By:</i></font></td>
  <td align="left"><div style="margin-left:10%"> <font size="2" face="serif"><i> /s/
    Robert P. Myron</i></font></div></td>
  </tr>
<tr valign="top" bgcolor="#ffffff">
  <td align="left">&nbsp;</td>
  <td align="left"><hr noshade size="1">
    </td>
  </tr>
<tr valign="top" bgcolor="#ffffff">
  <td align="left"><font size="2" face="serif"><i>Name:</i></font></td>
  <td align="left"><font size="2" face="serif"><i> Robert P. Myron</i></font></td>
  </tr>
<tr valign="top" bgcolor="#ffffff">
  <td align="left"><font size="2" face="serif"><i>Title:</i></font></td>
  <td align="left"><font size="2" face="serif"><i> Senior Vice President &amp; Treasurer</i></font></td>
  </tr>
<tr valign="top">
  <td align="left">&nbsp;</td>
<td align="left"><font size="2" face="serif">&nbsp;</font></td>
</tr>
</table>
<p align="left"><font size="2" face="serif">Date: October 27, 2005</font></p>
<p align="center">&nbsp;</p>
<hr noshade align="center" width="100%" size="2">
</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "b409467ex_8k.htm", "description": "CURRENT REPORT", "secsgml_size_bytes": 10690}]
{"company-data": {"conformed-name": "PXRE GROUP LTD", "cik": "0001091748", "assigned-sic": "6361", "irs-number": "980214719", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-15259", "film-number": "051161376"}, "business-address": {"street1": "PXRE HOUSE", "street2": "110 PITTS BAY ROAD", "city": "PEMBROKE", "state": "D0", "zip": "HM 08", "phone": "4412965858"}, "mail-address": {"street1": "P O BOX HM 1282", "city": "HAMILTON BERMUDA", "state": "D0", "zip": "HM FX"}}
Prepared and filed by St Ives Financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
October 27, 2005
Date of Report (Date of earliest event reported)
PXRE GROUP LTD.
(Exact name of registrant as specified in its charter)
Bermuda
1-15259
98-0214719
(State or other jurisdiction
(Commission
(I.R.S. Employer
of incorporation or organization)
File No.)
Identification No.)
PXRE House
P.O. Box HM 1282
110 Pitts Bay Road
Hamilton HM FX
Pembroke HM 08
Bermuda
Bermuda
(Address, including zip code,
of principal executive offices)
(Mailing address)
(441) 296-5858
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Back to Contents
Item 2.02.  Results of Operations and Financial Condition.
On October 27, 2005, PXRE Group Ltd. (the "
Company
") issued a press release (the "
Press Release
") announcing the Company's results for the quarter ended September 30, 2005. A copy of the Press Release and the preliminary Unaudited Financial Statements as of and for the quarter ended September 30, 2005 (excluding footnotes) are  attached hereto as Exhibits 99.1 and 99.2 to this Form 8-K.   Exhibits 99.1 and 99.2 hereto are each being furnished pursuant to Item 2.02 of Form 8-K and are therefore not to be considered "filed" with the Securities and Exchange Commission (the "
SEC
").
Item 9.01.  FINANCIAL STATEMENTS AND EXHIBITS
(c)
Exhibits
Exhibit No.
Description
99.1
Press release of PXRE Group Ltd. dated October
    27, 2005 containing financial information for the quarter ended September
    30, 2005.
99.2
Preliminary Unaudited Financial
    Statements as of and for the quarter and nine-months ended September 30,
    2005 (excluding footnotes).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
PXRE Group Ltd.
(Registrant)
By:
/s/
    Robert P. Myron
Name:
Robert P. Myron
Title:
Senior Vice President & Treasurer
Date: October 27, 2005