Flagstone to buy Imperial Re of South Africa
Bermudian class of 2005 start-up reinsurer Flagstone Re has announced that it is to buy 65% of South African reinsurer Imperial Re, a company it first teamed up with back in October 2007.
The firm said the deal is expected to close in the second quarter of 2008. Imperial Re writes multiple lines of reinsurance in sub-Saharan Africa.
Current owner Imperial Holdings will hold 35% of
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