Flagstone Re Estimates Losses of $60M to $90M from New Zealand Earthquake

By Benzinga Staff
March 15, 2011 7:43 AM

Symbols: FSR

Flagstone Reinsurance Holdings, S.A. (NYSE: FSR) today announced that its preliminary estimate of losses related to the February 2011 New Zealand earthquake is expected to be between $60 to $90 million, net of reinstatement premiums and retrocession.

The Company's estimated loss is based on an estimated industry loss as a result of the earthquake to be between $8 billion and $12 billion USD.

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Flagstone Re Estimates Losses of $60M to $90M from New Zealand Earthquake

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