NU Online News Service, May 24, 1:48 p.m. EDT

Less than a week after announcing completion of a domicile change–from Bermuda to London–Flagstone Reinsurance Holdings, S.A. announced that co-founder Mark Byrne has decided to step down from his role as chairman of the board.

Mr. Byrne will continue to serve as a non-executive member of the board of directors, while Daniel James will succeed Mr. Byrne as chairman, the company said.

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