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Best affirms Flagstone Re's A- rating

Flagstone Reassurance Suisse SA has had its A- financial strength rating affirmed by ratings agency AM Best Co. The outlook for all ratings of the Luxembourg-based company, which redomiciled from Bermuda, is stable.Best said the ratings reflected Flagstone Re's excellent level of risk-based capitalisation, solid underwriting performance, experienced management team, its well developed business franchise and its reasonably diversified business profile.