Flagstone Re to Hold Third-Quarter 2007 Earnings Call

    HAMILTON, BERMUDA, October 29 /CNW/ - Flagstone Reinsurance Holdings
Limited (NYSE:  FSR) today announced that it will hold an investment community
conference call on Thursday, November 8, 2007, at 9:30am Eastern Time to
discuss the company's third-quarter 2007 financial results with interested
parties. Flagstone will release the results after the close of market on
Wednesday, November 7, 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 +1 (800) 510-9836 (US
callers) or +1 (617) 614-3670 (International callers) and entering the pass
code 14873173, approximately 10-15 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 December 8th,
2007 by dialing +1 (888) 286-8010 (US callers) or +1 (617) 801-6888
(International callers) and entering the pass code 16683218. 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 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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