Flagstone Re to Present at the 2010 KBW Insurance Conference

Flagstone Reinsurance Holdings, S.A. (NYSE: FSR) announced today that Guy Swayne, the Company’s Chief Underwriting Officer - International, will be presenting at the 2010 KBW Insurance Conference at the Waldorf Astoria Hotel, New York City on September 8^th, 2010 at 9:00am EDT.

Slides from the presentation, and a live listen-only audio webcast will be available in the Investor Relations section of the Company’s website www.flagstonere.com. A replay of the webcast will be available on the website 24 hours after the presentation and will remain available until November 7^th, 2010.

About Flagstone Reinsurance Holdings, S.A.

Flagstone Reinsurance Holdings, S.A., 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. Island Heritage and Flagstone Reinsurance Africa have received "A-” financial strength ratings from A.M. Best.

The Company 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.