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A founder and former chairman of Bermuda reinsurer Flagstone Re has died in Canada. Mark Byrne, who cofounded Flagstone with David Brown, died in Montreal last Thursday. He was 55. Mr Byrne was involved in the island’s insurance and reinsurance busin...

Validus Holdings is poised to close on its acquisition of Flagstone Reinsurance Holdings by the end of this week. Shareholders of FlagstoneRe yesterday morning voted to approve the company’s merger with Validus Holdings. More than 99 percent of the...

Flagstone Reinsurance Holdings reported a net loss of $1.3 million for the third quarter just ahead of its proposed merger with Bermuda-based Validus. The third quarter net loss compared to a net loss of $59.5 million or $0.85 loss per diluted share ...

Flagstone Re CEO David Brown plans to step down on the completion of his company’s takeover by Bermuda reinsurer Validus Holdings. In a joint announcement last week, the companies said Validus had agreed to acquire Flagstone in a deal worth $623.2 mi...

Bermuda reinsurer Validus Holdings Ltd has agreed to buy Flagstone Re in a deal valued at $623.2 million. The two companies expect the deal to close in the fourth quarter of this year and the combined company will maintain Validus’s name, headquarter...

Flagstone Reinsurance Holdings, SA beat Wall Street expectations last night reporting a second quarter 2012 book value per share of $11.73 — up 1.2 percent for the quarter. Analysts estimated revenues of $99.1 million but the company came in with a ...

Flagstone Reinsurance Holdings, SA returned to profitability with first-quarter net income of $39.2 million, compared to a net loss of $161.2 million in the same period of last year. Net operating income for the first quarter of 2012 was $27.8 milli...

For the second time in successive days, Flagstone Reinsurance Holdings announced the sale of an operating asset. Yesterday the company said it would sell its Lloyd’s operations to Netherlands-based specialty insurance business ANV Holdings BV for abo...

Flagstone Reinsurance Holdings last night announced a net loss of $326.1 million for 2011, driven by hefty catastrophe claims. The loss broke down to $4.65 per share and compared to net income of $97.1 million, or $1.23 per share, in 2010. The Class ...