Executive Chairman Mark Byrne, Chief Executive Officer David Brown, and Chief Financial Officer Patrick Boisvert will represent the company on the call.  The teleconference can be accessed by dialing (800) 659-2056 (US callers) or (617) 614-2714 (International callers) and entering the pass code 65842891 approximately 10-15 minutes in advance of the call.  A live, listen-only webcast of the call will be available via the Investor Information section of the Company's website at www.flagstonere.com

A replay of the teleconference will be available through 3 December, 2009 by dialing (888) 286-8010 (US callers) or (617) 801-6888 (International callers) and entering the pass code 27964827.  The webcast will be archived on the Company's website.

About Flagstone Reinsurance Holdings Limited

Flagstone, through its operating subsidiaries, is a global reinsurance and insurance company that employs a focused and technical approach to the Property Catastrophe, Property, and Specialty reinsurance and insurance businesses. Flagstone Réassurance Suisse has received "A-" financial strength ratings from both A.M. Best and Fitch Ratings, and "A3" ratings from Moody's Investors Service.  Flagstone Reinsurance Africa has received an "A-" financial strength rating from A.M. Best.

Flagstone is traded on the New York Stock Exchange under the symbol "FSR" and the Bermuda Stock Exchange under the symbol "FSR.BH". Additional financial information and other items of interest are available at the Company's website located at www.flagstonere.com.

CONTACT:

Flagstone Reinsurance Holdings Limited, Hamilton

Brenton Slade +1(441) 278-4303

bslade@flagstonere.bm

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