Bermuda’s RenaissanceRe apparently has a larger stake in Platinum Underwriters than was originally announced, around 14.2 percent rather than the 9.9 percent stated in recent articles (See IJ Website Oct. 29 and Nov. 5)
According to a report from Dow Jones Newswire, RenRe filed a Schedule 13g report with the Securities and Exchange Commission stating that it held 6.46 million shares of Platinum, 2.5 million more than the 3.96 million it bought in a private placement last September before the company’s initial public offering.
As the article states, a 13g filing does not require the company to give any details of what are deemed “passive investments.” RenRe in fact has an option, or right to purchase, the additional 2.5 million shares, but does not appear to have exercised it.
Was this article valuable?
Here are more articles you may enjoy.
Updated: 6 Killed in Private Plane Crash at Maine Airport 
Howden-Driven Talent War Has Cost Brown & Brown $23M in Revenue, CEO Says 
20,000 AI Users at Travelers Prep for Innovation 2.0; Claims Call Centers Cut 
Longtime Alabama Dentist Charged With Insurance Fraud in 2025 Office Explosion 
