Flagstone Re links with South African firm

North America

Flagstone Re’s subsidiary Flagstone Réassurance Suisse SA has entered into an underwriting agreement with South African firm Imperial Reinsurance Company Limited. Flagstone Re will provide technical underwriting, modelling, and actuarial support to Imperial Re’s underwriting operations in South Africa and in addition it has provided a quota share arrangement to develop Imperial Re’s portfolio. Flagstone’s chairman Mark Byrne said South Africa is an increasingly important market and it wanted to expand its knowledge of the market. Imperial Re is a subsidiary of South African mobility company Imperial Holdings Ltd.