Platinum increases share repurchase programme

Platinum Underwriters Holdings has increased the authorised amount under its existing share repurchase programme to a total of up to $250 million of its common shares. This represents an increase of approximately $154.8 million from the approximately $95.2 million remaining in the programme 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 has also announced 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.