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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 ...

Flagstone Re swung to a third-quarter loss of $59.5 million in what CEO David Brown called “the worst year on record for industry losses resulting from catastrophes”. The Luxembourg-based company, which set up in Bermuda six years ago in the wake of ...

Flagstone Reinsurance Holdings intends to sell its Lloyd’s and Islands Heritage units as part of a cost-cutting, restructuring plan. The Luxembourg-based company, which was launched in Bermuda in 2005 after Hurricane Katrina, has been hit by larger t...

Flagstone Reinsurance Holdings, SA has announced a management shake-up which will see one of its top executives relocate from Bermuda to New York. Gary Prestia has been appointed CEO of Flagstone Representatives (US) Inc, and chairman of Mosaic NY, e...

Flagstone Reinsurance Holdings SA suffered a second-quarter net loss of $20.2 million during the three months to June 30, 2011 as record industry losses from the first quarter carried through and the US storms took their toll. That compared to a prof...

Montpelier Re Holdings Ltd has estimated losses from severe weather events in the US during the second quarter at $35 million. Fellow re/insurer Flagstone Reinsurance Holdings SA also expects to take a hit of $25 million to $30 million for the same ...

Flagstone Reinsurance Holdings SA and its principal subsidiary Flagstone Reassurance Suisse SA’s ratings have been placed under review for a possible downgrade by Moody’s Investors Service. Moody’s action follows a series of natural disasters in the ...

Bermuda ranks as one of the most expensive places in the world to employ people and any increase in the tax burden announced in tomorrow’s Budget would give the Island’s international companies another reason to relocate jobs elsewhere. That is the v...