QUOTE AND NEWS
Insurance Journal  Sep 9  Comment 
Standard & Poor's Ratings Services has lowered its counterparty credit rating on Bermuda-based IPC Holdings Ltd. to 'BBB-' from 'BBB' and removed it from CreditWatch, where it was placed on June ...
Insurance Journal  Sep 8  Comment 
Bermuda-based Validus Holdings, Ltd. announced that it has completed its acquisition of IPC Holdings, Ltd., which Validus said, creates, "a leading carrier in the Bermuda short-tail reinsurance ...
Bloomberg  Aug 31  Comment 
(Update1) Warren Buffett’s Berkshire Hathaway Inc. and Munich Re are among reinsurers that benefited in the second quarter as the industry’s surplus in the U.S. expanded for the first time in seven periods on investment gains.
Reuters  Aug 7  Comment 
Shareholders are scheduled to vote on Bermuda reinsurer Validus Holdings acquisition of rival IPC Holdings on Sept. 4, the companies said in a regulatory with the U.S. Securities and Exchange Commission.
TheStreet.com  Aug 6  Comment 
It doesn't take a metereologist to see the growth potential of reinsurer IPC Holdings, which sells catastrophe coverage to other firms.
Insurance Journal  Jul 27  Comment 
IPC Holdings, the Bermuda catastrophe reinsurer that attracted interest from more than a dozen bidders, held out for a storm-proof agreement before agreeing to a sale to rival Validus ...
Reuters  Jul 24  Comment 
IPC Holdings , a Bermuda catastrophe reinsurer that attracted interest from more than a dozen bidders, held out for a storm-proof agreement before agreeing to a sale to rival Validus Holdings .
StreetInsider.com  Jul 24  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/IPC+Holdings+%28IPCR%29+Tops+Q2+View+By+36c/4816562.html for the full story.
Reuters  Jul 17  Comment 
Warren Buffett's Berkshire Hathaway offered $1.7 billion in cash for Bermuda-based reinsurer IPC Holdings , which rejected the bid in favour of a lower offer from Validus , Bloomberg reported, citing two people with knowledge of the bid.
Bloomberg  Jul 16  Comment 
(Update1) Warren Buffett’s Berkshire Hathaway Inc. offered $1.7 billion in cash to buy Bermuda-based reinsurer IPC Holdings Ltd. earlier this month, said two people with knowledge of the bid.
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IPCR AT A GLANCE
P/E 12.7AVG
EV/EBITDA 12.4AVG
ROA 5.1%VERY HIGH
ROE 6.5%AVG
Debt to Equity 0.297VERY LOW
Interest Coverage Ratio 50.8VERY HIGH
 
 
 
 
 
 
 
 

Based in Bermuda, IPC Holdings, Ltd. (IPCR) was formed in 1993 to underwrite catastrophe reinsurance on an excess-of-loss basis in many countries around the world. The company went public in 1996 and American International Group, Inc. (AIG), one of its original sponsors. Other forms of reinsurance coverage provided by IPC Holdings include aviation, marine, property-per-risk excess (reinsurance of risks above the reinsured party's desired level of loss retention on a single risk), and retrocessional (reinsurance coverage to other reinsurance companies). While the majority of IPC Holdings' gross written premiums (GWP) are generated from domestic markets, Europe (including the United Kingdom), Japan, Australia, New Zealand, in addition to other worldwide operations are also substantial contributors to the company's GWP.




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