Hamilton, Bermuda-based Flagstone Reinsurance Holdings Limited said it will restructure its global reinsurance operations, merging two of its wholly owned subsidiaries.

Flagstone said it plans to merge Flagstone Reinsurance Limited of Bermuda into Flagstone R?assurance Suisse SA. The two units will be named Flagstone R?assurance Suisse SA.

The carrier said the change will provide clients and the market a solid, single capital base to support Flagstone's reinsurance business, while offering a choice of either Bermuda or Switzerland underwriting access for full participation in both Bermuda market and the global markets served in Switzerland.

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