Thursday, March 1, 2012

Investopedia: Flagstone A Multi-Year Rebuilding Story

Insurance is a mixed bag these days. Rates seem to be firming up, but many reinsurance companies have had to absorb losses tied to several disasters. Unfortunately, underwriting discipline has apparently become a problem at Flagstone Reinsurance (NYSE:FSR), and investors are looking at a multi-year rebuilding story with this insurer.

Fourth Quarter Results More of the Same, Only More so  
Flagstone ended the year on pretty weak footing. Gross written premiums dropped 3%, while net written premiums fell 18%. To a certain extent, this was not very surprising - not only have many reinsurers seen iffy premium growth, but Flagstone has been actively looking to cut its risk exposure.

Please click here for more:
http://stocks.investopedia.com/stock-analysis/2012/Flagstone-A-Multi-Year-Rebuilding-Story-FSR-ACGL-AON-MMC0301.aspx

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