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FLAGSTONE REINSURANCE COMPLETES INITIAL CAPITALIZATION.
Publication: AsiaPulse News Publication Date: 28-FEB-06 |
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COPYRIGHT 2006 Asia Pulse Pty Ltd
(Full text of a statement. Contact details below.)
HAMILTON, Bermuda, (BUSINESS WIRE) Feb. 27, 2006 - Flagstone Reinsurance Holdings Limited ("Flagstone Re" or "the Company") announced today that it has completed its initial capitalization of more than $715 million through a private placement of its equity securities.
Flagstone Re, a global reinsurance company, was formed in response to the significant market dislocation and substantial losses experienced by the industry from the 2005 Hurricane season. The Company has been authorized...
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