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Market moves.

Publication: Business Insurance
Publication Date: 21-APR-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: Market moves.(Flagstone Reinsurance Holdings Ltd. has reached an agreement to acquire a 65% stake in Imperial Reinsurance Co. Ltd.)(Hanover Insurance Group Inc. acquired Verlan Holdings Inc.)(product introduction of Unum Group)

Article Excerpt
Flagstone buys stake in Imperial Re

BEDFORDVIEW, South Africa-Flagstone Reinsurance Holdings Ltd. said it has reached an agreement to acquire a 65% stake in Imperial Reinsurance Co. Ltd. in Bedfordview, South Africa.

Flagstone Re Chairman Mark Byrne will become chairman of Imperial Re, which is licensed for all classes of short-term coverage and writes proportional and nonproportional business on both a treaty and facultative basis.

Hamilton, Bermuda-based Flagstone said the deal is expected to close in the second quarter of this year.

Madison assumes broker responsibilities

TORRANCE, Calif.-In an agreement with Torrance, Calif.-based Keenan HealthCare, Madison Healthcare Insurance...

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