Flagstone Reinsurance shareholder Marathon continues to reduce stake

By Lisa Kerner

Charlotte, N.C., Nov. 6 - Marathon Asset Management, LP sold 1,511,817 shares of Flagstone Reinsurance Holdings Ltd. between Sept. 9 and Sept. 25 at prices from $10.4603 to $10.9657 per share, according to a schedule 13D/A filed with the Securities and Exchange Commission on Friday.

Between Aug. 20 and Sept. 8, Marathon sold 864,769 shares priced from $10.53 to $10.92 for a 4.9% stake in the company, a prior SEC filing said.

The investor beneficially owns 2,275,127 shares, or 2.7%, of the Hamilton, Bermuda-based reinsurance and insurance company.

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