Flagstone Re to Hold Third-Quarter 2010 Earnings Call

Flagstone Reinsurance Holdings S.A. (NYSE:FSR) announced today that it will hold an investment community conference call on Tuesday, November 2nd, 2010, at 9:30am Eastern Time to discuss the company’s third-quarter 2010 financial results with interested investors and shareholders. Flagstone will release the results after close of market on Monday, November 1^st, 2010.

Chief Executive Officer David Brown, Chief Financial Officer Patrick Boisvert, and Chief Underwriters Gary Prestia and Guy Swayne will represent the company on the call. The teleconference can be accessed by dialing (800) 901 5226 (US callers) or (617) 786-4513 (International callers) and entering the pass code 91122038 approximately 10-15 minutes in advance of the call. A live, listen-only webcast of the call will be available via the Investor Information section of the Company’s website at www.flagstonere.com

A replay of the teleconference will be available through December 2^nd, 2010 by dialing (888) 286-8010 (US callers) or (617) 801-6888 (International callers) and entering the pass code 64101896. The webcast will be archived on the Company’s website.

About Flagstone Reinsurance Holdings S.A.

Flagstone, through its operating subsidiaries, is a global reinsurance and insurance company that employs a focused and technical approach to the Property Catastrophe, Property, and Specialty reinsurance and insurance businesses. Flagstone Réassurance Suisse has received "A-” financial strength ratings from both A.M. Best and Fitch Ratings, and "A3” ratings from Moody's Investors Service. Flagstone Reinsurance Africa has received an "A-” financial strength rating from A.M. Best.

Flagstone is traded on the New York Stock Exchange under the symbol "FSR” and the Bermuda Stock Exchange under the symbol "FSR BH”. Additional financial information and other items of interest are available at the Company’s website located at www.flagstonere.com.