Flagstone Re to Present at the Keefe, Bruyette & Woods 2007 Insurance Conference

    HAMILTON, BERMUDA, August 31 /CNW/ - Flagstone Reinsurance Holdings
Limited (NYSE:  FSR) announced today that David Brown, the Company's Chief
Executive Officer, will be presenting at the Keefe, Bruyette & Woods 2007
Insurance Conference at the Waldorf Astoria Hotel, NY on September 5th, 2007
at 9:45am EDT.

    Slides from the presentation, and a live listen-only audio webcast will
be available in the Investor Relations section of the Company's website.
www.flagstonere.bm. A replay of the webcast will be available on the website
until November 1st, 2007.

    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

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