-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Enb0Ts66VXcUYu1IBCTDjgVXgq7O+akDec1E/bCDgWt+Xg3WVRjkOzH8XFNx+gXz DR4WsBg65+J1d8krFwqmzw== 0000899140-02-000816.txt : 20021105 0000899140-02-000816.hdr.sgml : 20021105 20021104200055 ACCESSION NUMBER: 0000899140-02-000816 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20021105 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PLATINUM UNDERWRITERS HOLDINGS LTD CENTRAL INDEX KEY: 0001171500 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-78570 FILM NUMBER: 02809014 BUSINESS ADDRESS: STREET 1: 2 CHURCH STREET CITY: BERMUDA STATE: D0 ZIP: HM 11 BUSINESS PHONE: 4412951422 MAIL ADDRESS: STREET 1: 2 CHURCH STREET CITY: BERMUDA STATE: D0 ZIP: HM 11 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RENAISSANCERE HOLDINGS LTD CENTRAL INDEX KEY: 0000913144 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 980138020 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: RENAISSANCE HOUSE STREET 2: 8-12 EAST BROADWAY CITY: PEMBROKE BERMUDA STATE: D0 ZIP: HM 19 BUSINESS PHONE: 4412954513 MAIL ADDRESS: STREET 1: RENAISSANCE HOUSE STREET 2: 8-12 EAST BROADWAY CITY: PEMBROKE BERMUDA STATE: D0 ZIP: HM 19 SC 13G 1 re1118947.txt INITIAL FILING ON SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 PLATINUM UNDERWRITERS HOLDINGS, LTD. -------------------------------------------------------------- (Name of Issuer) Common Shares, $0.01 par value ------------------------------------------------------ (Title of Class of Securities) G7127P100 ------------------------------------------------------ (CUSIP Number) November 1, 2002 ------------------------------------------------------ (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [x] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes 1 of 6 - -------------------------------------------------------------------------------- 13G CUSIP No. G7127P10 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON RenaissanceRe Holdings Ltd. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 6,460,000(1) NUMBER OF ------------------------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 6,460,000 ------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,460,000 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* Not Applicable - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 14.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT - ---------- (1) Pursuant to the Bye-laws of Platinum Underwriters Holdings, Ltd. ("Platinum"), if RenaissanceRe's ownership of Platinum's Common Shares constitutes 10% or more of the issued Common Shares, the Common Shares owned by RenaissanceRe will have reduced voting rights so that RenaissanceRe is not able to exercise more than 9.9% of the total voting rights attached to all of the then issued Common Shares. 2 of 6 Item 1. (a) Name of Issuer -------------- Platinum Underwriters Holdings, Ltd. (b) Address of Issuer's Principal Executive Officers ------------------------------------------------ Clarendon House 2 Church Street Hamilton HM 11 Bermuda Item 2. (a) Name of Person Filing --------------------- RenaissanceRe Holdings Ltd. ("RenaissanceRe") (b) Address of Principal Business Office or, if none, Residence ----------------------------------------------------------- Renaissance House 8-12 East Broadway Pembroke HM 19 Bermuda (c) Citizenship ----------- Bermuda (d) Title of Class of Securities ---------------------------- Common Shares, $0.01 par value (e) CUSIP Number G7127P100 Item 3. Not applicable. Item 4. Ownership (a) Amount beneficially owned ------------------------- 6,460,000 3 of 6 (b) Percent of class: ----------------- 14.2%. This percentage was calculated based upon 45,504,000 Common Shares, including 43,004,000 Common Shares currently outstanding as described in Platinum's 424(b) Prospectus, filed on October 29, 2002 (including Common Shares subsequently issued pursuant to the exercise of the underwriters' over-allotment option as described in such Prospectus), and 2,500,000 Common Shares issuable to RenaissanceRe upon exercise of options. On a fully diluted basis, RenaissanceRe's percentage ownership is 11.23% based on 57,504,000 Common Shares (as described in such Prospectus). (c) Number of shares as to which the person has: -------------------------------------------- (i) Sole power to vote or to direct the vote: 6,460,000(2) (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 6,460,000 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not Applicable. Item 8. Identification and Classification of Members of the Group Not Applicable. - ---------- (2) Pursuant to Platinum's Bye-laws, if RenaissanceRe's ownership of Platinum's Common Shares constitutes 10% or more of the issued Common Shares, the Common Shares owned by RenaissanceRe will have reduced voting rights so that RenaissanceRe is not able to exercise more than 9.9% of the total voting rights attached to all of the then issued Common Shares. 4 of 6 Item 9. Notice of Dissolution of Group Not Applicable Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 5 of 6 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 4, 2002 RENAISSANCERE HOLDINGS LTD. By: /s/ Stephen H. Weinstein ------------------------------ Name: Stephen H. Weinstein Title: Vice President, General Counsel and Secretary 6 of 6 -----END PRIVACY-ENHANCED MESSAGE-----