Flagstone Reinsurance Holdings Limited
News and overview for Flagstone Reinsurance Holdings Limited
Flagstone Re Reports Diluted Book Value Per Share of $13.20 for End of Third Quarter 2009 [Press Release]
Business Wire | 20 days 11 hours 2 minutes ago
Flagstone Reinsurance Holdings Limited (NYSE:FSR) today announced third quarter 2009 basic book value per share of $13.69 and diluted book value per share of $13.20, up 6.6% and 6.5%, respectively, for the quarter (percentages inclusive of dividends). Net income attributable to Flagstone’s common shareholders for the quarter ended September 30, 2009, was $67.1 million, or $0.80 per diluted share, compared to a net loss of $(186.5) million, or $(2.18) per diluted share, for the quarter ended S...
Flagstone Re to Hold Third-Quarter 2009 Earnings Call [Press Release]
Business Wire | 38 days 19 hours 3 minutes ago
Flagstone Reinsurance Holdings Limited (NYSE:FSR) announced today that it will hold an investment community conference call on Tuesday, November 3rd, 2009, at 9:30am Eastern Time to discuss the company’s third-quarter 2009 financial results with interested investors and shareholders. Flagstone will release the results after close of market on Monday, November 2nd, 2009.
Flagstone Re Rebounds: Q3 Net $67.1 Million; $170.7 Million 9 Months
Insurance Journal | 18 days 21 hours 9 minutes ago
Bermuda-based Flagstone Reinsurance Holdings Limited announced that its net income attributable to common shareholders for the quarter ended September 30, 2009, was $67.1 million, or $0.80 per diluted share, compared to a net loss of $186.5 million, or $2.18 per diluted share, for the quarter ended September 30, 2008.
Best Affirms Flagstone Re's Ratings
Insurance Journal | 31 days 22 hours 10 minutes ago
A.M. Best Co. has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating (ICR) of "a-" of Flagstone Reassurance Suisse SA and the ICR of "bbb-" of Bermuda-based Flagstone Reinsurance Holdings Limited (collectively referred to as Flagstone Re).
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Company Overview
| Company: | Flagstone Reinsurance Holdings Limited |
|---|---|
| Industry: | Reinsurance |
| Website: | http://www.flagstonere.bm |
Flagstone Reinsurance provides a clear path out of catastrophic events. The Bermuda-based global reinsurer writes property and property catastrophe reinsurance, as well as specialty and some short-tail casualty reinsurance. It also operates a Lloyd's syndicate managing agency and writes a bit of property insurance in the Caribbean through Island Heritage. Founded in the wake of the disastrous hurricane season of 2005, the firm mainly reinsures catastrophe policies on an excess of loss basis (that is, it covers losses over a certain amount). Flagstone diversifies its risk by geography and type of peril (hurricane, earthquake, etc.), so that a single catastrophe can't wipe it out.
Key Numbers
| Sales in U.S. Dollars (mil.) | 453.2 (2008) |
|---|---|
| One-year % Growth in Sales | -19.7 (2008) |
| Net Income in U.S. Dollars (mil.) | -187.3 (2008) |
| One-year % Growth in Net Income | 0.0 (2008) |
| Number of Employees | 437 (2008) |
| One-year % Growth in Number of Employees | 61.9 (2008) |
| Fiscal Year-End | December |