Managing Uncertainty.

Flagstone Reinsurance Holdings Limited was formed in December 2005, in response to the significant market dislocation and substantial losses experienced in the industry from the 2005 Hurricane season.  The transaction was led by management and a select group of experienced private equity and institutional investors.  Mark Byrne, Chairman, and David Brown, President and CEO, led the senior management team.  Flagstone’s vision at formation was to leverage world class analytical resources and underwriting experience to create a premier global short tail reinsurer.

The management team strongly believes that there is a need in the market for a first rate, experienced team with a narrow focus and conservative operating principles.  These principles are to have an absolute limit on exposure by zone ensuring long term financial stability, and PML’s below industry norms.  Operating target returns in mid-teens in low loss years and modest negative returns in exceptional high loss years would provide a highly stable partner for clients and ratings agencies, as well being safe for shareholders.  The preservation and stability of capital through loss events is a core operating principle.