A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Sweden’s Sirius International Insurance Corporation (publ) and the ICR of “bbb” of its upstream intermediate …
A.M. Best Co. has removed from under review with developing implications and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Flagstone Reassurance Suisse S.A., based in Martigny, Switzerland, and Flagstone Alliance Insurance …
Bermuda-based Validus Holdings, Ltd. announced that the shareholders of Flagstone Reinsurance Holdings, S.A. approved all matters required to be approved by Flagstone’s shareholders in order for Validus to acquire Flagstone, with the support of more than 99 percent of the …
Reinsurer Validus Holdings Ltd said it will buy Flagstone Reinsurance Holdings for about $600 million in cash and stock to boost its property reinsurance business. The deal comes after Validus unsuccessfully tried to buy another reinsurer Transatlantic Holdings Inc last …
Luxembourg-based Flagstone Reinsurance Holdings, S.A. announced that it has completed the planned sale of its Lloyd’s segment to a wholly-owned subsidiary of ANV Holdings BV for approximately $49.7 million in cash. “As a result of the transaction, the Company is …
Selected earnings highlights from the Bermuda-based Argo Group for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $474.20 mn $406.70 mn Net premiums written ————— $361.50 mn …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Flagstone Reassurance Suisse S.A. and Flagstone Alliance Insurance and Reinsurance PLC, which is based on Cyprus, as well as the …
Selected earnings highlights from Luxembourg-based Flagstone Re for the first quarter of 2012 are as follows: Q1 2012 Q1 2011 Gross premiums written ———— $170.2 mn $352.7 mn Net premiums written ————— $ 85.329 mn $233.925 mn Net premiums earned …
Flagstone Reinsurance Holdings has announced a number of strategic initiatives, which it said are “designed to realign the Company’s strategy and core capabilities.” Flagstone said it “intends to refocus its underwriting strategy to leverage its existing strengths, and streamline its …
Flagstone Re announced that its preliminary estimates for losses occurring in the third quarter of 2011 are expected to total around $45 million. The losses that impacted its reinsurance segment were related to Hurricane Irene, floods in Denmark, and the …
