Platinum Increase Share Repurchase Amount
Bermuda-based Platinum Underwriters Holdings has increased the authorized amount under its existing share repurchase program to a total of up to $250.0 million of its common shares.
This represents an increase of approximately $154.8 million from the approximately $95.2 million remaining in the program through April 22, 2014. 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 June 30, 2014 to shareholders of record on June 2, 2014.
