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IPC HOLDINGS, LTD. APPOINTS NEW DIRECTOR

PEMBROKE, BERMUDA: 04 December, 2008 - IPC Holdings, Ltd. (NASDAQ: IPCR) announced the appointment of Mr. Michael J. Cascio, formerly President and Chief Executive Officer of Overseas Partners US Reinsurance Company Ltd., to the Board as of 28 November, 2008.  IPC's Chairman, Mr. Kenneth L. Hammond, welcomed Mr. Cascio to the Board.

 

IPC Holdings, Ltd., through its wholly-owned subsidiary IPCRe Limited, provides property catastrophe reinsurance and, to a limited extent, aviation, property-per-risk excess and other short-tail reinsurance on a worldwide basis.

 

CONTACT:  Jim Bryce, President and Chief Executive Officer or

                     John Weale, Executive VP & CFO

                     Telephone:            441-298-5100