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IPC Holdings Announces Dividend
Commenting on the announcement, President and Chief Executive Officer Jim Bryce said "Our return to paying a periodic dividend is a reflection of our earnings over the past five quarters, combined with the fact that we have completed our January 1 renewals, which are much in line with our expectations. We feel it is appropriate to provide a cash return to our shareholders. At the same time, a dividend of this size will not impair our financial integrity and strength, or our capacity to write additional premiums".
IPC Holdings, Ltd., through its wholly-owned subsidiary IPCRe Limited, provides property castastrophe reinsurance and, to a limited extent, marine, aviation, property-per-risk excess and other short-tail reinsurance on a worldwide basis.