Flagstone RE.
FLAGSTONE flagstone: see silt. RE, one of the Bermuda-based reinsurers set up after last year's hurricanes, is preparing to launch an IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. and a European subsidiary based in Switzerland. The reinsurer re·in·sure
tr.v. re·in·sured, re·in·sur·ing, re·in·sures
To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company. plans to raise as much as $175 million with a listing on the NewYork Stock Exchange.
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