Flagstone Re Estimates Loss of $80M to $130M from Japan Disaster

Flagstone Reinsurance Holdings, S.A. FSR today announced that its preliminary estimate for losses related to the March 2011, earthquake and tsunami in the Tohoku region of Japan is expected to be between $80 to $130 million net of reinstatement premiums and retrocession. The Company's estimated loss is based on an estimated industry loss of between $25 billion and $35 billion.