Hashtag: #FlagstoneReinsuranceHoldingsLtd
Flagstone Announces Australian Losses
Flagstone Reinsurance Holdings SA, which has its executive offices in Bermuda, announced yesterday [Feb.7] its loss estimate due to the flooding in Australia that occurred in December, 2010 [pictured], is expected to be $10 million, net of reinstatement premiums and retrocession. In January, 2011, subsequent flooding occurred in large areas of Australia;... Read more of this article
Housley Joins Flagstone Lloyd’s Venture
Flagstone Reinsurance Holdings, S.A. announced today [Jan. 24] that effective February 1st and subject to UK Financial Services Authority approval, Richard Housley will become underwriting director of Flagstone Syndicate Management Limited (FSML), managers of Syndicate 1861 at Lloyd’s. Established on the island in 2005, Flagstone reincorporated in... Read more of this article
Flagstone Ups Quake Estimate to $75 Million
Yesterday (Dec 30) Bermuda based Flagstone Reinsurance Holdings has updated its estimate of claims relating to its exposure to the earthquake in New Zealand from $52.5 million to $75.5 million net of reinstatement premiums and retrocession. Flagstone’s loss estimate is based on its proprietary modeling analysis, the assessment of individual treaties... Read more of this article
Flagstone Buys Coverage from Montana Re
Flagstone Reinsurance Holdings, S.A. — which has its executive offices in Bermuda — announced today (Dec. 23) that Flagstone Réassurance Suisse SA, has purchased three years of fully collateralised retrocessional coverage from Montana Re Ltd., a special purpose reinsurer in the Cayman Islands. Montana Re offers Flagstone protection on... Read more of this article
Flagstone Marks Fifth Anniversary
Flagstone Reinsurance Holdings, S.A. celebrates its fifth anniversary this week, one of the so-called post-Katrina Bermuda start-up firms which has evolved into a major industry power player. Flagstone, set up in the wake of the market dislocation caused by Hurricane’s Katrina, Rita, and Wilma in 2005, began in Bermuda in December, 2005 with $550... Read more of this article
Mark Byrne Leaves Flagstone Board
Bermuda-based Flagstone Reinsurance Holdings, S.A. today (Dec.8) announced that Mark Byrne (pictured), Flagstone co-founder and former executive chairman, has decided to retire as a member of the company’s board of directors. “As one of our founders and executive chairman, Mark was instrumental in establishing and building Flagstone into the company... Read more of this article
Flagstone & Everest Declare Dividends
Bermuda-based reinsurers Flagstone Re and Everest Re have declared their quarterly dividends, to be payable next month. Flagstone Reinsurance Holdings announced that its Board of Directors declared a quarterly dividend of $ 0.04 per Common Share, and Everest Re Group Ltd. announced that its Board of Directors declared a dividend of $0.48 per share In... Read more of this article
FlagstoneRe Chairman Mark Byrne Steps Down
Flagstone Reinsurance Holdings said company co-founder Mark Byrne is stepping down as chairman, but will remain on the board as a nonexecutive member. Daniel James, a director of the Flagstone board since its inception, will succeed Mr. Byrne as chairman. Co-founder David Brown, who has served as Flagstone’s chief executive officer since the company’s... Read more of this article
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
