NU Online News Service, Aug. 2, 3:17 p.m. EDT

While catastrophes took a toll on Flagstone Reinsurance Holdings' second-quarter earnings, the company's chief executive says the carrier is seeing signs of premium increases sticking as this year's renewal rates averaged 9 percent across the board.

During a conference call with financial analysts today, David Brown, Flagstone Re's CEO, calls the second quarter a “very active” period for catastrophes, but says the company's balance sheet remains strong “and the outlook for Flagstone remains positive.”

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