Flagstone Re to buy Marlborough Underwriting
Flagstone Re, the Bermudian (re)insurer has confirmed it has entered into an agreement to acquire Marlborough Underwriting Agency, the managing agency for Lloyd's Syndicate 1861 - a Lloyd's syndicate underwriting a specialist portfolio of short tail insurance and reinsurance, from the Berkshire Hathaway Group.
The acquisition does not include the existing corporate Lloyd's member or any liability for business written in 2008 or prior; Flagstone is in the process of licensing its own corporate capital
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