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HAMILTON, Bermuda--Flagstone Reinsurance Holdings Ltd. has appointed several industry executives to senior underwriting positions for noncatastrophe and specialty lines of business.
Three of the new executives, who will hold unspecified positions at Hamilton, Bermuda-based Flagstone Re or a subsidiary, previously had top underwriting positions with other companies. Another executive previously held an executive position with a financial services oversight authority in the Middle East.
Flagstone Re reinsures property catastrophe, property and specialty risks, but one of its midterm objectives is to build its noncatastrophe book of business "toward 50% of the total," Flagstone Re Chairman Mark Byrne said in a statement. "The growth in noncat property business and specialty lines, which these new team members will accelerate, should help us achieve our financial goal of solid profitability with below-average volatility."