U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
RenaissanceRe Holdings Ltd.
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(Last) (First) (Middle)
Renaissance House, 8-12 East Broadway
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(Street)
Pembroke HM 19 Bermuda
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
11/01/2002
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
98-013-8020
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4. Issuer Name and Ticker or Trading Symbol
Platinum Underwriters Holdings, Ltd. (NYSE: PTP)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form Filed by One Reporting Person
[_] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
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Common Shares, $.01 par value(1) 3,960,000 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v).
Persons who respond to the collection of information contained in this form are not required to respond unless the form
displays a currently valid OMB control number.
(Over)
SEC 1473 (3-99)
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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Options(1) 11/01/2002 11/01/2012 Common Shares, $.01 2,500,000 $27.00 D
par value
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Explanation of Responses:
(1) Concurrently with the closing of the initial public offering of Platinum Underwriters Holdings, Ltd. ("Platinum"),
RenaissanceRe Holdings Ltd. ("RenaissanceRe") purchased 3,960,000 common shares of Platinum in a private placement transaction.
In connection with its investment, RenaissanceRe also received a ten-year option to purchase up to 2,500,000 common shares of
Platinum at a per share price of $27.00.
By: /s/ Stephen H. Weinstein 11/04/02
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Name: Stephen H. Weinstein Date
Title: Vice President, General Counsel & Secretary
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for
procedure.
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