Flagstone Directors Declare Dividend
Flagstone Reinsurance Holdings, S.A. — registered in Luxembourg but with its executive offices in Bermuda — yesterday [Nov. 25] announced that its board of directors declared a quarterly dividend of $ 0.04 per common share. The dividend is payable on December 15, 2011 to shareholders of record at the close of business on December 5, 2011.
Flagstone Reinsurance Holdings, S.A., through its operating subsidiaries, is a global reinsurance and insurance company that employs a focused and technical approach to the property catastrophe, property and specialty reinsurance and insurance businesses.
The company is traded on the New York Stock Exchange and the Bermuda Stock Exchange.
Flagstone, which recently marked its fifth anniversary, was established in Bermuda in the wake of the catastrophic 2005 Atlantic hurricane season when the US Gulf Coast was ravaged not only by Katrina but also tropical storms Rita and Wilma.
Last year Flagstone it was changing its place of incorporation from Bermuda to Luxembourg.
But the company’s principal operating centre remains in Switzerland while it maintains underwriting and executive offices in Bermuda.
