Flagstone Completes Luxembourg Change
Flagstone Reinsurance Holdings announced yesterday [May 18] that it has completed the previously announced change in the company’s corporate domicile from Bermuda to Luxembourg.
The re-domestication became official following the completion of legal formalities in Bermuda and Luxembourg. The re-domestication was previously approved by Flagstone’s shareholders at the Annual General Meeting held on May 14th, 2010.
Flagstone’s common shares continue to trade on the New York Stock Exchange under the symbol “FSR” and on the Bermuda Stock Exchange under the symbol “FSR BH”. Its U.S.-traded stock closed down 21 cents at $11.90 yesterday.
Flagstone has operated in Luxembourg for most of its corporate history and is familiar with its regulatory and legal environment. Flagstone’s existing office in Luxembourg will also become its corporate holding company office.
Flagstone will continue to maintain underwriting and executive offices in Bermuda and previously said it does not expect the redomestication to have any material change on its operations or financial results.
