Flagstone Re to hold Second-Quarter 2007 Earnings Call

    HAMILTON, BERMUDA, August 1 /CNW/ - Flagstone Reinsurance Holdings
Limited (NYSE:  FSR) today announced that it will hold an investment community
conference call on Thursday, August 9, 2007, at 9:30am Eastern Time to discuss
the company's second-quarter 2007 financial results with interested investors
and shareholders. Flagstone will release the results prior to the opening of
market on Thursday, August 9, 2007.

    Executive Chairman Mark Byrne, Chief Executive Officer David Brown, and
Chief Financial Officer James O'Shaughnessy will represent the company on the
call. The teleconference can be accessed by dialing (866) 510-0705 (US
callers) or (617) 597-5363 (International callers) and entering the pass code
81764076 approximately 10 minutes in advance of the call. A live, listen-only
webcast of the call will be available via the Investor Information section of
the Company's website at www.flagstonere.bm

    A replay of the teleconference will be available through September 9th,
2007 by dialing (888) 286-8010 (US callers) or (617) 801-6888 (International
callers) and entering the pass code 23637203. The webcast will be archived on
the Company's website.

    About Flagstone Reinsurance Holdings Limited

    Flagstone Reinsurance Holdings Limited, through its operating
subsidiaries, is a global reinsurance company formed and 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

For further information:

For further information: Flagstone Reinsurance Holdings Limited,
Hamilton Brenton Slade, +1(441) 278-4303 bslade@flagstonere.bm

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