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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... Read more of this article
Recap: A Look Back at March 2010
March 2010 saw an unprecedented wave of shootings, one murder, one man presumed drowned, Southlands opened to the public, new immigration rulings, a veteran politician cross the floor, one man freed for a death while another was jailed and much more. Revisit the last month with our recap below: March 30: New immigration rule mandates ability to speak... Read more of this article
Bermuda Reinsurer Chile Estimates Hit 2 Billion
The catastrophic earthquake in Chile on Feb 27, 2010 is projected to be the most expensive insured loss in Latin American history, according to analysts at the international broker Cooper Gay. The powerful earthquake registered 8.8 on the Richter Scale and caused significant destruction. NASA reports that the magnitude 8.8 earthquake in Chile may... Read more of this article
Flagstone Reinsurance Eyes Luxembourg Move
Stating they will continue to maintain underwriting and executive offices in Bermuda, Flagstone Re today [Mar 22] announced they may change their place of incorporation to Luxembourg. Flagstone Reinsurance Holdings Limited say its Board of Directors is recommending to the shareholders a plan to change the Company’s place of incorporation from... Read more of this article
March 17: The Bermuda Reinsurance Club
On Wednesday March 17, the inaugural Bermuda Reinsurance Club meeting will be held at the Fairmont Hamilton Princess from 9am -1pm. The event, which is hosted by Reinsurance Magazine and sponsored by Flagstone Holdings, will be opened by Bermuda’s Deputy Premier and Minister of Finance Paula Cox. Minister Cox intends to speak on on the state... Read more of this article
World Insurance Forum to be Webcast Free Today
The World Insurance Forum [WIF] will be webcast free online today and tomorrow. Held at the Tuckers Point Club, the seminar will discuss the critical issues with which the international [re]insurance industry is confronted. You may send in questions to info@worldinsuranceforum.com for the panelists to answer during the session. The Reinsurance Magazine... Read more of this article
Flagstone: $50 Million in Losses from Chile Quake
Bermuda-based insurer and reinsurer Flagstone Reinsurance Holdings Ltd. said on Friday March 12 its estimated losses from claims related to the recent earthquake in Chile will be $50 million. In addition, the claims from Windstorm Xynthia, which hit Western Europe on Feb. 27, are estimated at $3 million to $6 million. The estimates are preliminary,... Read more of this article
Bermuda Insurers File Opposition to American Bill
The Association of Bermuda Insurers and Reinsurers [ABIR] has filed an opposition to a proposed new American regulation now in Congress. The Bill HR 2555: Homeowners’ Defense Act of 2009 is described as “To ensure the availability and affordability of homeowners’ insurance coverage for catastrophic events”. The ABIR President... Read more of this article
