Flagstone Re Announces Appointment of Miguel Barrales as CEO of Flagstone Underwriters Latin America Ltd. A.I.



    HAMILTON, BERMUDA, December 28 /CNW/ - Flagstone Reinsurance Holdings
Limited (NYSE:  FSR) announced today that Miguel Barrales has been appointed CEO
of Flagstone Underwriters Latin America Ltd. A.I. Mr. Barrales joins Flagstone
from Swiss Re where he was Vice President, Client Management for P & C and L &
H Reinsurance business covering Global companies in Latin America and the
Spanish speaking Caribbean. Flagstone also announced the hiring of Edward
Herrera as Senior Underwriter for the Puerto Rico office. Mr. Herrera joins
Flagstone from Everest Re where he was Property Treaty Underwriting Manager
for the Latin American Region. Prior to joining Everest Re, Mr. Herrera was a
Property Treaty Underwriter for Le Mans Re, covering the Central America and
Panama region. Rafael Saer, who previously occupied the CEO role, will be
leaving the company in January to pursue other interests.

    David Brown, CEO of Flagstone Re, commented: "We are pleased to have
Miguel and Edward join us. The high caliber of these two industry
professionals reinforces our long term commitment to Puerto Rico and to the
Latin American and Caribbean markets."

    About Flagstone Reinsurance Holdings Limited

    Flagstone Reinsurance Holdings Limited, through its operating
subsidiaries, is a global reinsurance company headquartered in Bermuda.
Flagstone Re employs a focused, technical approach to the Property
Catastrophe, Property, and Specialty reinsurance business. Flagstone Re and
Flagstone Reassurance Suisse have received "A-" financial strength ratings
from both A.M. Best and Fitch Ratings, and "A3" ratings from Moody's Investors
Service.




For further information:

For further information: Flagstone Reinsurance Holdings Limited,
Hamilton Brenton Slade, 441-278-4303

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FLAGSTONE REINSURANCE HOLDINGS LIMITED

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