UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
PRXE Group Ltd. (successor to PXRE Corporation)
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(Name of Issuer)
Common Shares
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(Title of Class of Securities)
G73018 10 6
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(CUSIP Number)
December 31, 1999
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(Date Of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ / Rule 13d-1(b)
/ / Rule 13d-1(c)
/X/ Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE>
CUSIP No. G73018 10 6
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Phoenix Home Life Mutual Insurance Company
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(1) Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
06-0493340
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(2) Check the Appropriate Box if a Member (a) / /
of a Group (See Instructions) (b) /X/
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
New York
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Number of shares (5) Sole Voting Power
Beneficially 906,700
Owned by -----------------------------------------------
Each Reporting (6) Shared Voting Power
Person With: 0
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(7) Sole Dispositive Power
906,700
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(8) Shared Dispositive Power
0
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
906,700
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
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(11) Percent of Class Represented by Amount in Row (9)
7.76%
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(12) Type of Reporting Person (See Instructions)
IC
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<PAGE>
ITEM 1.
(a) Name of Issuer
PXRE Group Ltd. (successor to PXRE Corporation)
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(b) Address of Issuer's Principal Executive Offices
12 Church Street
Suite 231
Hamilton, Bermuda HM11
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ITEM 2.
(a) Name of Person Filing
Phoenix Home Life Mutual Insurance Company
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(b) Address of Principal Business Office or, if none, Residence
One American Row, Hartford, CT 06102-5056
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(c) Citizenship
U.S.
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(d) Title of Class of Securities
Common Shares, $1.00 par
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(e) CUSIP Number
G73018 10 6
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) OR
240.13d-2(B) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) / / Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78c).
(b) / / Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) /X/ Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) / / Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) / / An investment adviser in accordance with section
240.13d-1(b)(1)(ii)(E).
(f) / / An employee benefit plan or endowment fund in accordance with section
240.13d-1(b)(1)(ii)(F).
(g) / / A parent holding company or control person in accordance with section
240.13d-1(b)(1)(ii)(G).
(h) / / A saving association as defined in section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813).
(i) / / A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3).
(j) / / Group, in accordance with section 240.13d-1(b)(1)(ii)(J).
<PAGE>
ITEM 4. OWNERSHIP
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
906,700
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(b) Percent of Class:
7.76%
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(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
906,700
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(ii) Shared power to vote or to direct the vote
0
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(iii) Sole power to dispose or to direct the disposition of
906,700
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(iv) Shares power to dispose or to direct the disposition of
0
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following. / /
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
NOT APPLICABLE
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
NOT APPLICABLE
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
NOT APPLICABLE
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
NOT APPLICABLE
<PAGE>
ITEM 10. CERTIFICATION
NOT APPLICABLE
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 4, 2000
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Date
Phoenix Home Life Mutual Insurance Company
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Signature
/s/ John H. Beers, Vice President
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Name/Title
