Platinum Increases Share Repurchase Program
Bermuda-based Platinum Underwriters Holdings, Ltd. has increased the authorized amount under its existing share repurchase program to a total of up to $250.0 million of its common shares. Repurchases under the program may be made in open market or privately negotiated transactions or otherwise, from time to time, depending on market conditions.
The Company also announced today that the Board of Directors has declared a quarterly dividend of $0.08 per common share. The dividend is payable on September 30, 2013 to shareholders of record on September 3, 2013.
