HAMILTON, Bermuda, Jan. 14 /PRNewswire-FirstCall/ -- Platinum Underwriters Holdings, Ltd. (NYSE: PTP) announced today that a dividend of $0.4525 per preferred share will be paid on its Series A Mandatory Convertible Preferred Shares on February 17, 2009 to shareholders of record on February 2, 2009.

About Platinum

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. For further information, please visit Platinum's website at www.platinumre.com.

    Contact:  Lily Outerbridge
              Investor Relations
              441-298-0760

SOURCE Platinum Underwriters Holdings, Ltd.