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Monday, November 24, 2014

REFILE-RenaissanceRe to purchase Platinum Underwriters for about $1.9 bln, (NYSE: PTP), (NYSE: RNR)

RenaissanceRe Holdings Ltd said it would purchase fellow Bermuda-based reinsurer Platinum Underwriters Holdings Ltd for about $1.9 billion in stock and cash.

Platinum Underwriters Holdings, Ltd. (Platinum Holdings) is a holding company. Shares of PTP traded higher by 0.02% or $0.01/share to $61.27. In the past year, the shares have traded as low as $55.03 and as high as $66.57. On average, 133978 shares of PTP exchange hands on a given day and today's volume is recorded at 101917.

RenaissanceRe Holdings Ltd. (RenaissanceRe) is a global provider of reinsurance and insurance coverages and related services. Shares of RNR traded higher by 0.03% or $0.03/share to $101.46. In the past year, the shares have traded as low as $89.64 and as high as $108.99. On average, 307426 shares of RNR exchange hands on a given day and today's volume is recorded at 183841.



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