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Flagstone Reinsurance Delists From The BSX
The Bermuda Stock Exchange [BSX] confirmed the voluntary delisting, from the BSX, of Flagstone Reinsurance Holdings Ltd. On 30 November, 2012, Validus Holdings Ltd., a Bermuda exempt company, completed its acquisition of Flagstone Reinsurance Holdings Ltd., pursuant to an agreement and plan of merger dated 30 August, 2012. Related Stories Flagstone... Read more of this article
Flagstone Re Quarterly Dividend
Flagstone Reinsurance Holdings announced that its Board of Directors declared a quarterly dividend of $ 0.04 per Common Share. The dividend is payable on March 27th, 2012 to shareholders of record at the close of business on March 19th, 2012. The Company is traded on the New York Stock Exchange under the symbol “FSR” and the Bermuda Stock... Read more of this article
Report: Re/insurers Require ‘Mega-Catastrophe’
The global catastrophe re/insurance industry is overcapitalised and requires “one unprecedented mega-catastrophe or several very large catastrophes in close succession” to turn rates hard similar to the 9/11 terror attacks or the devastating 2005 hurricane season which both propelled the Bermuda sector, says consultancy firm Advisen. In... Read more of this article
Flagstone CEO Optimistic About BDA’s Future
Flagstone Re CEO David Brown says Bermuda retains its competitive edge as the world’s leading off-shore catastrophe reinsurance domicile, boasting a business-friendly infrastructure and a world-class regulatory system. In an exclusive interview with industry journal “Reactions”, Mr. Brown said he remained bullish about Bermuda’s... Read more of this article
