Flagstone Re FY net income rises over $15m
Flagstone Re, the Bermudian (re)insurer, said that full year net income grew to $167.92m (£86.1m) from $152.34m in 2006, thanks to a low level of catastrophe losses during the year.
However, the combined ratio grew to 72.8% from 47.6%, which is mostly due to expenses from the acquisition of Cayman Islands-based Island Heritage.
Net written premiums rose sharply over the course of
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