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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1347815	Flagstone Reinsurance Holdings S.a.	FSR	Fire, Marine & Casualty Insurance (6331)	980481623

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1181361	James Mark Byrne	48 Par La Ville Road Suite 504 Hamilton D0 HM11		Yes	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Shares	Disposition	2010-05-25	2,000,000	$12.00	5,155,156	No	4	S	Indirect	By Limestone Business Limited

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Limestone Business Limited

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Shares	2,849,719	Indirect	By Haverford (Bermuda) Ltd.
Common Shares	50,000	Indirect	By Rebecca Byrne

Footnotes

On May 25, 2010, Limestone Business Limited ("Limestone") sold 2,000,000 common shares to the issuer for cash consideration of $12.00 per share in a private transaction.
These common shares are held by Limestone, which is owned by a trust, established for the benefit of others, for which the reporting person is the settlor. The reporting person disclaims beneficial ownership of these shares.
The reporting person is the Chairman and CEO of Haverford Bermuda Limited, and therefore has voting control over Haverford (Bermuda) Ltd. ("Haverford"). Approximately 92% of the equity interests of Haverford are held by Limestone, which is owned by a trust, established for the benefit of others, for which the reporting person is the settlor. 2,849,719 common shares represent the indirect proportionate interest of the reporting person in the 3,075,618 common shares of the issuer held by Haverford. The reporting person disclaims beneficial ownership of these shares.
These common shares represent shares purchased in connection with the initial public offering of the issuer and are owned by Rebecca Byrne, the wife of the reporting person. The reporting person disclaims beneficial ownership of these shares.