Platinum Underwriters Holdings, Ltd. Announces Shareholder Approval of Nomination...

Platinum Underwriters Holdings, Ltd. Announces Shareholder Approval of
Nomination of KPMG Bermuda as the Company's Accounting Firm

HAMILTON, Bermuda, April 29 /PRNewswire-FirstCall/ -- Platinum Underwriters
Holdings, Ltd. (the "Company") (NYSE: PTP) announced today that at the 2009
Annual General Meeting of Shareholders the shareholders of the Company
approved the nomination of KPMG, a Bermuda partnership ("KPMG Bermuda"), as
the Company's independent registered public accounting firm for the 2009
fiscal year. As previously disclosed, the Audit Committee of the Company's
Board of Directors determined not to renominate KPMG LLP, a U.S. limited
liability partnership, to serve as the independent registered public
accounting firm of the Company, but instead to nominate KPMG Bermuda as the
Company's independent registered public accounting firm for the 2009 fiscal
year, subject to the approval of the shareholders at the Annual Meeting, as
required by Bermuda law. The Audit Committee determined that the Company
would be better served by the geographical proximity of KPMG Bermuda, which is
expected to result in more interaction between the Company's management and
the independent registered public accounting firm.

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.

Safe Harbor Statement Regarding Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 (the "Securities Act") and Section
21E of the Securities Exchange Act of 1934 (the "Exchange Act").
Forward-looking statements are based on our current plans or expectations that
are inherently subject to significant business, economic and competitive
uncertainties and contingencies. These uncertainties and contingencies can
affect actual results and could cause actual results to differ materially from
those expressed in any forward-looking statements made by, or on behalf of,
us. In particular, statements using words such as "may," "should,"
"estimate," "expect," "anticipate," "intend," "believe," "predict,"
"potential," or words of similar import generally involve forward-looking
statements. The inclusion of forward-looking statements in this press release
should not be considered as a representation by us or any other person that
our current plans or expectations will be achieved. Numerous factors could
cause our actual results to differ materially from those in forward-looking
statements, including, but not limited to, severe catastrophic events over
which we have no control, the effectiveness of our loss limitation methods and
pricing models, the adequacy of our liability for unpaid losses and loss
adjustment expenses, our ability to maintain our A.M. Best Company, Inc.
rating, the cyclicality of the property and casualty reinsurance business,
conducting operations in a competitive environment, our ability to maintain
our business relationships with reinsurance brokers, the availability of
retrocessional reinsurance on acceptable terms, market volatility and interest
rate and currency exchange rate fluctuation, tax, regulatory or legal
restrictions or limitations applicable to us or the property and casualty
reinsurance business generally, general political and economic conditions,
including the effects of civil unrest, acts of terrorism, war or a prolonged
United States or global economic downturn or recession; and changes in our
plans, strategies, objectives, expectations or intentions, which may happen at
any time at our discretion. As a consequence, our future financial condition
and results may differ from those expressed in any forward-looking statements
made by or on behalf of us. The foregoing factors should not be construed as
exhaustive. Additionally, forward-looking statements speak only as of the
date they are made, and we undertake no obligation to revise or update
forward-looking statements to reflect new information or circumstances after
the date hereof or to reflect the occurrence of future events.

SOURCE Platinum Underwriters Holdings, Ltd.

Lily Outerbridge, Investor Relations, +1-441-298-0760