PXRE Car Insurance Review [2020]

PXRE car insurance was acquired by Tawa, a company that sells reinsurance. Enter your ZIP code to get online quotes from car insurance companies.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Sep 19, 2020

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Company Details
Address: 90 Pitts Bay Road
City: Pembroke, HM 08
State: Bermuda​
Phone Number: 441-296-5858
Year Founded: 1948
AM Best Rating: bbb- (Good)
Company Rating 0 (0 reviews)

Here's what you need to know...

  • PXRE does not offer car insurance
  • They are based out of Bermuda
  • They offer reinsurance


In 2007, PXRE Group, Ltd merged with Argonaut Group, Inc. according to a review of PXRE. The Bermuda company ultimately became Argo Group International Holdings Limited.

Now it offers insurance and reinsurance in the US, Bermuda, and Europe.

This is not a personal car insurance company. You will need to look elsewhere for that sort of coverage.

Get your car insurance quotes today by simply entering your ZIP code here!

What PXRE Offers

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Reinsurance is the industry’s way of sharing the responsibility of high-risk policyholders. PXRE is financially solid enough to share the high-risk some commercial lines require.

Selling these type policies directly with one company carrying the risk would be too expensive for the subscriber albeit a business.

Some of the businesses that subscribe to the Argonaut Group are industries with vehicles such as:

  • Small mining dump trucks
  • Municipality fleets
  • Emergency vehicles
  • General aviation

Dump truck businesses with no more than five trucks that transport back and forth from mines carry a great risk and need special commercial coverage.

Municipality fleets include social services cars, city vans, school buses and other vehicles owned by city governments. The Argonaut Group insures ambulances and airplanes also.

Catastrophe XL, Stop Loss, and Risk XL are the categories this company uses to identify one of the Catastrophe Excess of Loss Reinsurance programs.

Although they service other countries, the US is the company’s major policyholder.

Another program, Personal Accident Cat XL covers a single occurrence with multiple bodily injuries.

This policy also covers multiple deaths in a single incident as well, and that works for military deployments.

Online car insurance quotes are available now for the asking if you simply enter your ZIP code here!

References:

  1. https://www.reuters.com/article/us-argonaut-pxre-idUSN1433061620070315
  2. https://www.argolimited.com/pages/home
  3. https://www.investopedia.com/ask/answers/08/reinsurance.asp
  4. http://ambest.com
  5. http://irmka.scic.com/

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