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                                 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) - May 6, 2004

                                 _____________

                      Platinum Underwriters Holdings, Ltd.
             (Exact name of registrant as specified in its charter)



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


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


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

                                      N/A

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Item 7.  Financial Statements and Exhibits.

(c) Exhibits.



  Exhibit 99.1  Press release dated May 6, 2004

  Exhibit 99.2  Financial Supplement

Item 12.  Results of Operations and Financial Condition.

     On May 6, 2004 Platinum Underwriters Holdings, Ltd. issued a press release
reporting its financial results as of and for the quarter ended March 31, 2004.
A copy of the press release, as well as a financial supplement, are furnished
herewith as Exhibits 99.1 and 99.2, respectively. The information hereunder is
not deemed to be "filed" for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, is not otherwise subject to the liabilities of that
section and is not incorporated by reference into any filing under the
Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as
amended, except as shall be expressly set forth by specific reference in such a
filing.





                                   SIGNATURE

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


                                           PLATINUM UNDERWRITERS
                                           HOLDINGS, LTD.


                                           By: /s/ Michael E. Lombardozzi
                                               --------------------------
                                               Michael E. Lombardozzi
                                               Executive Vice President, General
                                               Counsel and Secretary

Date:  May 7, 2004







                                 Exhibit Index
                                 -------------

Exhibit Number    Description
-------------     -----------

99.1              Press release dated May 6, 2004
99.2              Financial Supplement