UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): March 27, 2008

Platinum Underwriters Holdings, Ltd.

(Exact name of registrant as specified in its charter)

Bermuda		001-31341		98-0416483
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

The Belvedere Building
69 Pitts Bay Road
Pembroke, Bermuda		HM 08
(Address of principal executive offices)		(Zip Code)

(441) 295-7195
(Registrant’s telephone number, including area code)

N/A
(Former name or address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 8.01		Other Events.

     The Annual Report on Form 10-K for the fiscal year ended December 31, 2007 (the “2007 Form 10-K”) filed by Platinum Underwriters Holdings, Ltd. (the “Company”) with the Securities and Exchange Commission (the “SEC”) on February 29, 2008 contained a typographical error in Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations. On page 53 of the 2007 Form 10-K filed with the SEC, under the caption “Financial Condition, Liquidity and Capital Resources — Financial Condition,” the Company included a table showing the breakdown of its mortgage-backed and asset-backed securities as of December 31, 2007 and the amounts shown in that table for “U.S. Government agency mortgage-backed securities” and “Residential mortgage-backed bonds” were transposed. The corrected table is as follows ($ amounts in thousands):

		Amortized				Fair				Weighted Average
		Cost				Value				Credit Rating
U.S. Government agency mortgage-backed securities		$	631,437			$	633,245			Aaa
Commercial mortgage-backed securities			374,592				369,011			Aaa
Asset-backed securities			219,851				214,004			Aaa
Residential mortgage-backed bonds			175,606				171,982			Aa
Total mortgage-backed and asset-backed securities		$	1,401,486			$	1,388,242			Aaa

     Correct versions of the above table appear on page 64 in the 2007 Form 10-K mailed to the Company’s shareholders with the proxy materials for the Annual General Meeting of Shareholders to be held on April 23, 2008 and in the 2007 Form 10-K appearing on the Company’s website (www.platinumre.com).

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     Date: March 27, 2008