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Flagstone Re Announces Completion of Re-Domestication of Holding Company from Bermuda to Luxembourg

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  Published in Business and Finance on Tuesday, May 18th 2010 at 13:20 GMT by Market Wire
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LUXEMBOURG--([ BUSINESS WIRE ])--Flagstone Reinsurance Holdings, S.A. (NYSE:FSR) announced today that it has completed the previously announced change in the companya™s corporate domicile from Bermuda to Luxembourg.

The re-domestication became official following the completion of legal formalities in Bermuda and Luxembourg. The re-domestication was previously approved by Flagstonea™s shareholders at the Annual General Meeting held on May 14^th, 2010.

Flagstonea™s common shares continue to trade on the New York Stock Exchange under the symbol aFSRa and on the Bermuda Stock Exchange under the symbol aFSR BHa. Flagstone continues to be registered with the SEC and prepare its financial statements in U.S. dollars and in accordance with U.S. Generally Accepted Accounting Principles (GAAP).

About Flagstone Reinsurance Holdings, S.A.

Flagstone Reinsurance Holdings, S.A., 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 R©assurance Suisse has received aA-a financial strength ratings from both A.M. Best and Fitch Ratings, and aA3a ratings from Moody's Investors Service. Island Heritage and Flagstone Reinsurance Africa have received aA-a financial strength ratings from A.M. Best.

The Company is traded on the New York Stock Exchange under the symbol aFSRa and the Bermuda Stock Exchange under the symbol aFSR BHa. Additional financial information and other items of interest are available at the Companya™s website located at [ www.flagstonere.com ].