Flagstone finalises start-up capital at $715m
Class of 2005 Bermudian start-up reinsurer Flagstone Re has announced today that it has completed its initial capitalisation of more than $715m through a private placement of equity.
The transaction was led by management, Lehman Brothers merchant banking and private equity investment firm, Lightyear Capital.
Mark Byrne, chairman, and David Brown, president and CEO, lead the senior
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