Flagstone Reinsurance Holdings Ltd. said it has entered into an agreement to acquire Marlborough Underwriting Agency Ltd. from the Berkshire Hathaway Group. Transaction terms were not released.
The Hamilton, Bermuda-based insurance and reinsurance company said Marlborough Underwriting is the managing agency for Lloyd's Syndicate 1861, a Lloyd's syndicate underwriting a specialist portfolio of short-tail insurance and reinsurance.
Flagstone said the acquisition does not include the existing corporate Lloyd's member or any liability for business written in 2008 or prior.
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