Flagstone Renews Commitment to Nova Scotia
Wednesday, March 11, 2009
Flagstone has been growing in
The province, through NSBI, will support Flagstone's growth with a new three-year payroll rebate to a maximum of $1,310,400. The rebate is an earned incentive and will be applied to as many as 80 new positions over the term of the agreement.
Premier Rodney MacDonald made the announcement today, March 11, with Murray Scott, Minister of Economic and Rural Development, David Brown, CEO of Flagstone, and Stephen Lund, president and CEO of NSBI.
"The province has been a committed partner in Flagstone's growth over the years," said Premier MacDonald. "Building and maintaining strong relationships is at the heart of doing great business."
The company hires people with graduate degrees, doctorate degrees, and highly specialized technical skills for jobs in finance and IT infrastructure.
Since 2005, Flagstone has expanded its global footprint in the insurance and reinsurance areas of the financial services industry. Reinsurance allows insurance companies to protect themselves against the risk of losses.
Flagstone intends to hire professionals from within the
Because of the higher costs of recruiting new residents, NSBI is also providing a recruitment incentive of up to $156,000. The incentive can apply to up to 15 of Flagstone's new positions.
team has been working closely with Flagstone since 2005," said Stephen Lund, president and CEO of
NSBI. "Today's announcement speaks to the quality of
Flagstone Reinsurance Holdings Limited, through its operating subsidiaries, is a global reinsurance and insurance company that employs a focused, technical approach to the property, property catastrophe, and specialty reinsurance and insurance business. Flagstone Reassurance Suisse SA has an A- financial strength rating from both A.M. Best and Fitch ratings, and an A3 rating from Moody's Investors Service.
Nova Scotia Business Inc. is