Hashtag: #PlatinumUnderwritersHoldings
RenaissanceRe Completes Platinum Acquisition
[Updated] Bermuda-based RenaissanceRe Holdings Ltd. today [March 2] announced that it has completed its acquisition of Platinum Underwriters Holdings Ltd. Kevin J. O’Donnell, President and Chief Executive Officer of RenaissanceRe, commented: “The combination of RenaissanceRe and Platinum marks an important milestone for our company, benefiting... Read more of this article
Platinum Shareholders Approve RenRe Deal
Platinum Underwriters Holdings, Ltd. announced that at a special general meeting of shareholders held earlier today [Feb 27], all proposals related to the Company’s pending acquisition by RenaissanceRe Holdings Ltd. were overwhelmingly approved by the Company’s shareholders. “I’d like to thank our shareholders for their support... Read more of this article
RenRe Receives Regulatory Approvals For Deal
RenaissanceRe Holdings Ltd. announced that it has received all regulatory approvals required in connection with its previously announced acquisition of Platinum Underwriters Holdings, Ltd. “The transaction remains subject to approval by the shareholders of Platinum at Platinum’s previously announced shareholder meeting scheduled to be held... Read more of this article
Platinum Underwriters Declares Special Dividend
Platinum Underwriters Holdings, announced today [Feb 10] 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... Read more of this article
Platinum To Hold Special Shareholder Meeting
Platinum Underwriters Holdings, Ltd. has scheduled a special meeting of its shareholders for February 27, 2015, in connection with Platinum’s pending acquisition by RenaissanceRe Holdings Ltd. RenaissanceRe previously announced it will acquire Platinum in a deal worth approximately $1.9 billion, with the transaction between the two Bermuda-based... Read more of this article
Fitch: RenRe Deal Could Spark Further M&A
RenaissanceRe’s agreement to acquire Platinum Underwriters Holdings could spur merger and acquisition activity among reinsurers, Fitch Ratings says. RenaissanceRe recently announced it will acquire Platinum in a deal worth approximately $1.9 billion, with the transaction between the two Bermuda-based re/insurers expected to close in the first... Read more of this article
Platinum & RenRe Ratings Placed Under Review
Following the announcement that RenaissanceRe will purchase Platinum Underwriters, A.M. Best has placed RenaissanceRe under review with “negative implications,” and placed Platinum under review with “developing implications.” The aggregate consideration for the transaction between the two Bermuda-based re/insurers is $1.9 billion,... Read more of this article
RenRe To Acquire Platinum For $1.9 Billion
RenaissanceRe Holdings and Platinum Underwriters Holdings confirmed that RenaissanceRe will acquire Platinum in a deal worth approximately $1.9 billion, with the transaction expected to close in the first half of 2015. The aggregate consideration for the transaction between the two Bermuda-based re/insurers will consist of 7.5 million RenaissanceRe... Read more of this article
Platinum Underwriters Declares $0.08 Dividend
Bermuda-based Platinum Underwriters Holdings, Ltd. announced today that the Board of Directors has declared a quarterly dividend of $0.08 per common share. The dividend is payable on December 31, 2014 to shareholders of record on December 1, 2014. Related Stories Aircare Announces Christmas Sale Somers Share Repurchases For November Premier’s Condolences... Read more of this article
Platinum Underwriters Reports Q3 Results
Bermuda-based Platinum Underwriters Holdings, Ltd. reported net income of $29.1 million and diluted earnings per common share of $1.12 for the quarter ended September 30, 2014. The results for the quarter include net premiums earned of $129.5 million, net favorable development of $23.5 million and net investment income of $17.5 million. Michael D.... Read more of this article
Platinum Declares $0.08 Quarterly Dividend
Bermuda-based Platinum Underwriters Holdings, Ltd. announced that the Board of Directors has declared a quarterly dividend of $0.08 per common share. The dividend is payable on September 30, 2014 to shareholders of record on September 2, 2014. Related Stories Aircare Announces Christmas Sale Somers Share Repurchases For November Premier’s Condolences... Read more of this article
Platinum’s Net Income For Quarter: $36.2 Million
Bermuda-based Platinum Underwriters Holdings, Ltd. reported net income of $36.2 million and diluted earnings per common share of $1.34 for the quarter ended June 30, 2014. The results for the quarter include net premiums earned of $124.8 million, net favorable development of $28.6 million and net investment income of $17.6 million. Michael D. Price,... Read more of this article
