Flagstone Re Shareholders Approve Acquisition by Validus

Bermuda-based Validus Holdings, Ltd. announced that the shareholders of Flagstone Reinsurance Holdings, S.A. approved all matters required to be approved by Flagstone’s shareholders in order for Validus to acquire Flagstone, with the support of more than 99 percent of the shares voted at an extraordinary general meeting of shareholders, held on Wednesday, November 28.

Validus also noted that the “transaction remains subject to the receipt of regulatory approval and the satisfaction of other customary conditions to closing.”

Source: Validus Holdings