Platinum Underwriters Holdings, Ltd. (NYSE: PTP) announced recently that the Board of Directors has declared a quarterly dividend of $0.08 per common share. The dividend is payable on December 31, 2009 to shareholders of record on December 1, 2009.
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Platinum Underwriters Holdings, Ltd. (NYSE: PTP) is a leading provider of property, casualty and finite risk reinsurance coverages, through reinsurance intermediaries, to a diverse clientele on a worldwide basis. Platinum operates through its principal subsidiaries in Bermuda and the United States. The Company has a financial strength rating of A (Excellent) from A.M. Best Company, Inc
Platinum Underwriters Holdings, Ltd. (NYSE: PTP) is a leading provider of property, casualty and finite risk reinsurance coverages, through reinsurance intermediaries, to a diverse clientele on a worldwide basis. Platinum operates through its principal subsidiaries in Bermuda and the United States. Platinum has a financial strength rating of A (Excellent) from A.M. Best Company, Inc.. Mr. Price added, "We found relatively more attractive underwriting conditions for property and marine reinsurance this year and have accordingly shifted our mix of business toward this segment. While we did not repurchase any shares or debt this particular quarter, we intend to continue practice of returning excess capital in a cost effective manner for the benefit of our shareholders."
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