Company Profile For IPC Holdings, Ltd.

IPC Holdings, Ltd. (IPCR.O) (Nasdaq)

sector: Financials · industry: Reinsurance ·

As of 4 Sep 2009

30.74USD

Price Change

+0.00

Percent Change

+0.00%

Analyst Recommendations

Overview

IPC Holdings, Ltd. (IPC) provides property catastrophe reinsurance and, to a limited extent, property-per-risk excess, aviation (including satellite) and other short-tail reinsurance on a worldwide basis. The Company provides treaty reinsurance principally to insurers of personal and commercial property worldwide. During the year ended December 31, 2008, approximately 93% of the Company’s gross premiums written, excluding reinstatement premiums, covered property catastrophe reinsurance risks. The Company’s principle types of reinsurance products are catastrophe excess of loss reinsurance, risk excess of loss reinsurance, retrocessional reinsurance and aviation reinsurance, including satellite. In September 2009, Validus Holdings, Ltd. completed the acquisition of IPC.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, IPC Holdings, Ltd.'s revenues rose 70% to $279.9M. Net income applicable to Common rose 45% to $182.1M. Revenues reflect an increase in Gross premiums written and the presence of Net gains on investments vs. losses. Net income was partially offset by an increase in gross profit margins. IPC Holdings, Ltd. provides property catastrophe reinsurance and other short-tail reinsurance on a worldwide basis.