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17 May 2012

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Flagstone seeks back-up covers ahead of US wind season

30 March 2011

Flagstone Re has been out in the retro market looking to buy second and third event covers to help reinforce its capital position before the North Atlantic hurricane season starts, The Insurance Insider can reveal.

The class of 2005 company has already secured $100mn of back-up cover in the retro market, according to sources.

It is also thought to be looking at options to enter quota share arrangements with collateralised reinsurance writers to further ease any capital concerns caused by...

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