While much has changed for two members of the Bermuda Class of 2005, underwriting discipline grounded in analytical models remains a central strategy of both Flagstone Reinsurance Holdings S.A. and Ariel Holdings Ltd., their executives say.
Like their peers in the group of reinsurers launched in late 2005 in the wake of Hurricanes Katrina, Rita and Wilma, the two have diversified beyond U.S. property-catastrophe reinsurance business and have established presences beyond Bermuda–with Flagstone even moving its place of domicile.
They remain, however, smaller than their classmates in terms of overall capital, which has nearly doubled for the group overall.
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