Flagstone slashed renewals to $4mn in Q3
Flagstone Re made a twenty-fold reduction in the gross written premium that it wrote in the third quarter, slashing its top line to just $4mn.
By comparison Flagstone wrote $92.2mn of gross premiums in Q3 2011 and $186mn for the same period of 2010, before it began retrenching in the wake of devastating 2011 cat losses.
This means the Luxembourg-domiciled reinsurer wrote only minimal business at the significant 1 July property cat renewals, as the group's auction process reached its...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
