Exhibit 23.2

                          Independent Auditors' Consent

The Board of Directors and Shareholders of
Platinum Underwriters Holdings, Ltd.:

We consent to the incorporation by reference in the registration statement (No.
333-104257) on Form S-8 of Platinum Underwriters Holdings, Ltd. and subsidiaries
("Platinum") of our report dated March 21, 2003, relating to the combined
statements of underwriting results and identifiable underwriting cash flows of
The St. Paul Companies, Inc. Reinsurance Underwriting Segment (Predecessor) for
the period from January 1, 2002 through November 1, 2002 and for the year ended
December 31, 2001, which report appears in the December 31, 2003, annual report
on Form 10-K of Platinum. Our report contains an explanatory paragraph that
states that the combined statements are not intended to be a complete
presentation of Predecessor's or The St. Paul Companies, Inc.'s results of
operations or cash flows.

                                                     /s/ KPMG LLP



Minneapolis, Minnesota
March 11, 2004