Last $76.52 USD
Change Today +0.17 / 0.22%
Volume 1.8M
As of 4:15 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

platinum underwriters hldgs (PTP) Snapshot

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52 Week High
02/13/15 - $76.79
52 Week Low
03/3/14 - $57.73
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platinum underwriters hldgs (PTP) Details

Platinum Underwriters Holdings, Ltd., through its subsidiaries, provides property and marine, casualty, and finite risk reinsurance coverage products to a clientele of insurers and select reinsurers worldwide. It operates through three segments: Property and Marine, Casualty, and Finite Risk. The Property and Marine segment provides reinsurance coverage for damage to property and crops, as well as offers property catastrophe and marine excess-of-loss reinsurance contracts, property and marine per-risk excess-of-loss, and proportional reinsurance contracts. This segment also provides property facultative reinsurance; and reinsurance coverage for marine, offshore energy, and aerospace insurance programs, such as hull damage, protection and indemnity, cargo damage, satellite damage, aviation hull, aviation liability, and general marine liability. The Casualty segment offers reinsurance contracts covering general and product liability, professional liability, umbrella liability, workers’ compensation, accident and health, casualty clash, automobile liability, and financial lines reinsurance products. The Finite Risk segment provides structured reinsurance contracts with ceding companies, as well as offers various categories of finite risk contracts, such as finite quota share, multi-year excess-of-loss, and whole account aggregate stop loss reinsurance contracts. The company primarily markets its products through reinsurance brokers. Platinum Underwriters Holdings, Ltd. was founded in 2002 and is headquartered in Pembroke, Bermuda.

123 Employees
Last Reported Date: 02/11/15
Founded in 2002

platinum underwriters hldgs (PTP) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $930.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $405.0K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $515.0K
Chief Executive Officer of Platinum Underwrit...
Total Annual Compensation: $515.0K
Chief Executive Officer of Platinum Underwrit...
Total Annual Compensation: $515.0K
Compensation as of Fiscal Year 2014.

platinum underwriters hldgs (PTP) Key Developments

Platinum Underwriters Holdings, Ltd. Declares Quarterly Dividend and Special Dividend, Payable on March 31, 2015

Platinum Underwriters Holdings Ltd. announced that its Board of Directors has, subject to certain conditions, declared a quarterly dividend of $0.08 per common share. The quarterly dividend would be payable on March 31, 2015 to shareholders of record on March 2, 2015. The quarterly dividend is conditioned on Platinum's previously announced pending acquisition by RenaissanceRe Holdings Ltd. pursuant to a merger of Platinum with a wholly-owned subsidiary of RenaissanceRe (the Merger) not having been consummated on or prior to March 31, 2015. In addition, Platinum announced that its Board of Directors has, subject to certain conditions, declared a special dividend of $10.00 per common share in connection with its pending acquisition by RenaissanceRe. The special dividend would be payable prior to the effective time of the Merger on the closing date of the acquisition (the Closing Date) to shareholders of record at the close of business on the last business day prior to the Closing Date. The special dividend is conditioned on the Merger having been approved by the shareholders of Platinum at a special meeting of its shareholders on February 27, 2015 (or any adjournment or postponement thereof).

Platinum Underwriters Holdings Ltd., Special/Extraordinary Shareholders Meeting, Feb 27, 2015

Platinum Underwriters Holdings Ltd., Special/Extraordinary Shareholders Meeting, Feb 27, 2015., at 09:00 Atlantic Standard Time. Location: Waterloo House, 100 Pitts Bay Road. Agenda: To approve an amendment to Platinum's bye-laws, the merger agreement with RenaissanceRe and the transactions contemplated thereby.

Platinum Underwriters Holdings, Ltd. Proposes Amendments to Bye-Laws

Platinum Underwriters Holdings Ltd. will proposes amendment to company bye-laws at the special meeting of its shareholders to be held on February 27, 2015.


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