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Flagstone Reinsurance Holdings Limited Receives BSX Approval For Secondary Listing Of 85,309,107 Common Shares
Hamilton, Bermuda: December 12, 2007 - The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the listing of 85,309,107 Common Shares of Flagstone Reinsurance Holdings Limited.
Flagstone Reinsurance Holdings Limited (NYSE: FSR and BSX: FSR.BH), through its operating subsidiaries, is a global reinsurance company headquartered in Bermuda. Flagstone Re employs a focused, technical approach to the Property Catastrophe, Property, and Specialty reinsurance business. Flagstone Re and Flagstone Réassurance Suisse have received "A-" financial strength ratings from both A.M. Best and Fitch Ratings, and "A3" ratings from Moody's Investors Service.
The listing of the Common Shares of Flagstone Reinsurance Holdings Limited was sponsored by CAPITAL G BSX Services Limited.
Greg Wojciechowski, President & CEO of the BSX stated, "I am delighted to welcome Flagstone Reinsurance Holdings Limited to secondary listing on the BSX. The addition of Flagstone Reinsurance brings the number of prestigious Bermuda based insurers listed on the BSX to 11.
He went on to note, "At the BSX, we have worked very hard to deploy a state of the art internationally recognized listing and trading platform in Bermuda. As the insurance and capital market industries continue to move closer together, it is very apparent that Bermuda and the BSX should be the facilitator or intersection point. That said, I look forward to working with the Bermuda insurance industry to bring to market new and exciting products that are listed and traded exclusively on the BSX in Bermuda."
David Brown, Flagstone CEO, added: "We are extremely pleased to add a secondary listing on the BSX and show our support for the continued development of the local marketplace."
Kirk Davis, representing CAPITAL G BSX Services Limited stated "We are pleased to have been able to assist Flagstone Reinsurance Holdings Limited with their listing on the BSX".
For further information on Flagstone Reinsurance Holdings Limited, please visit the Company's website at: www.flagstonere.bm or contact Investor Relations at (441) 278-4300.