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Flagstone Re Announces Appointment Of Miguel Barrales As CEO Of Flagstone Underwriters Latin America Ltd. A.I.
Hamilton, Bermuda, December 28, 2007 - December 28, 2007 - Flagstone Reinsurance Holdings Limited (NYSE: FSR) announced today that Miguel Barrales has been appointed CEO of Flagstone Underwriters Latin America Ltd. A.I. Mr. Barrales joins Flagstone from Swiss Re where he was Vice President, Client Management for P & C and L & H Reinsurance business covering Global companies in Latin America and the Spanish speaking Caribbean. Flagstone also announced the hiring of Edward Herrera as Senior Underwriter for the Puerto Rico office. Mr. Herrera joins from Everest Re where he was Property Treaty Underwriting Manager for the Latin American Region. Prior to joining Everest Re, Mr. Herrera was a Property Treaty Underwriter for Le Mans Re, covering the Central America and Panama region. Rafael Saer, who previously occupied the CEO role, will be leaving the company in January to pursue other interests.
David Brown, CEO of Flagstone Re, commented: "We are pleased to have Miguel and Edward join us. The high caliber of these two industry professionals reinforces our long term commitment to Puerto Rico and to the Latin American and Caribbean markets."
About Flagstone Reinsurance Holdings Limited
Flagstone Reinsurance Holdings Limited, 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.
Contact:
Flagstone Reinsurance Holdings Limited, Hamilton
Brenton Slade, 441-278-4303