Bermuda-based Flagstone Reinsurance Holdings Limited announced that Nicholas Brumm, a Director since the founding of the company in 2005, will not stand for reelection to the Board at the company’s July Annual General Meeting.
Chairman Mark Byrne praised Brumm’s efforts on behalf of Flagstone, calling him an “energetic and independent Director.” He also noted Brumm’s timely counsel, especially “around our recent IPO,” and said Flagstone would “miss his sound advice. We wish him well.”
Byrne also noted that with Brumm’s departure “Flagstone will have 11 Directors, of whom 9 are independent. We are actively recruiting a twelfth independent Director.”
Was this article valuable?
Here are more articles you may enjoy.
Banking Watchdogs Ramp Up AI Scrutiny as Stability Fears Mount, Sources Say 
Europe’s Insurers Cut Coverage of Weather Losses, Report Says 
AI’s Water Strain Includes Surging Demand From Electricity Use 
All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery 
