NU Online News Service, Aug. 5, 12:24 p.m. EDT

Bermuda-based Flagstone Reinsurance Holdings Limited reported second-quarter net income increased 62 percent to $67.8 million, compared with $41.9 million recorded for the period in 2008.

For the first six months of 2009, the company reported net income attributable to common shareholders of $103.6 million compared to $74.8 million in the first half of last year.

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