Flagstone leads sector share price falls
"Class of 2005" reinsurer Flagstone Re experienced the
sharpest share price decline following the Japan quake with its
stock closing down 23 percent last week.
Flagstone - whose share price closed last week at $8.68 against the
$10.99 it traded at before the 11 March quake - has become
embroiled in a war of words today with rating agency Moody's
after the firm put its Flagstone rating under review for a possible
downgrade.
The reinsurer - which is now domiciled...
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