Validus Holdings Closes $632M Flagstone Reinsurance Deal
Flagstone sold off Lloyds of London in August
Validus Holding Ltd. (NYSE: VR) has completed its purchase of all of Flagstone Reinsurance Holdings SA’s (NYSE: FSR) outstanding shares for $632.2 million.
Flagstone, headquartered in Hauppauge, N.Y., is a reinsurance company that sold off its Lloyd’s of London segment to ANV Holdings BV for $49.7 million.
The purchase price works out to $2 per share in cash. The deal was announced in August.
Validus is a Bermuda-based insurance underwriter.
For more information on related topics, visit the following: