Flagstone Re reveals bumper year in IPO prospectus
Class of 2005 Bermudian reinsurance start-up Flagstone Re has filed the prospectus for its upcoming New York flotation with the SEC, revealing a planned sale of 15.4% of the company.
The company also unveiled $282m in net written premiums for the2006 year, producing net earnings of $152m off a combined ratio of 47.6%.
Looking at the current year the firm said it had written gross
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