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EX-99.1 - PRESS RELEASE - Flagstone Reinsurance Holdings, S.A.exhib99_1.htm

 
 

 

 
UNITED STATES
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, DC 20549
 
 
FORM 8-K
 
 
CURRENT REPORT
 
 
Pursuant to Section 13 or 15(d) of
 
 
the Securities Exchange Act of 1934
 
Date of Report (Date of Earliest Event Reported): December 23, 2010
________________________________
Flagstone Reinsurance Holdings, S.A.
 
(Exact name of registrant as specified in its charter)
 
Luxembourg
 
001-33364
 
98-0481623
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)

 
37, Val St. André
 
L-1128 Luxembourg
 
Grand Duchy of Luxembourg
 
(Address of principal executive offices, including zip code)
 
Registrant’s telephone number, including area code:  +352 273 515 30
 
(Former name or former address, if changed since last report)
 
________________________________
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
o
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
o
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
o
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

ITEM 8.01                      OTHER EVENTS
 
Flagstone Reinsurance Holdings, S.A. announced on December 23, 2010 that Flagstone Reassurance Suisse SA has purchased three years of fully collateralized retrocessional coverage from Montana Re Ltd. (“Montana Re”), a special-purpose reinsurer established in the Cayman Islands.  Montana Re issued variable rate notes in an aggregate principal amount of US$ 210 million to collateralize its obligations under the retrocession agreements.  Montana Re was formed as a program structure enabling further issuance of additional series of notes in the future.  This transaction marks the second issuance of notes from this structure.
 
ITEM 9.01                      FINANCIAL STATEMENTS AND EXHIBITS
 
(d)           Exhibits
 
Exhibit No.
 
Description______________________________________________
99.1
 
Press Release dated as of December 23, 2010
     

 

 
 

 

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
FLAGSTONE REINSURANCE HOLDINGS, S.A.
   
     
 
By:
/s/ William F. Fawcett
   
Name: William F. Fawcett
   
Title:  General Counsel
Date: December 27, 2010
   



Exhibit Index:

Exhibit No.
 
Description______________________________________________
99.1
 
Press Release dated as of December 23, 2010