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PRESS RELEASE
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FOR RELEASE AT 8:15 A.M. EASTERN July 10, 2000
IPC NAMES JAMES P. BRYCE NEW PRESIDENT & CEO
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PEMBROKE, BERMUDA, July 10, 2000. IPC Holdings, Ltd. (NASDAQ: IPCR) today
announced that James P. Bryce, currently Senior Vice President of the
company, will become President and Chief Executive Officer of IPC Holdings,
Ltd. and IPCRe Limited with effect from July 25, 2000. Mr. Bryce succeeds
John Dowling, who has announced his intention to take early retirement at
the end of July. "After thirty-seven years in the insurance business, I've
decided to spend more time with my family and friends. The past six and a
half years with IPC in Bermuda have been particularly enjoyable," said John
Dowling.
Prior to joining IPC in 1993, Mr. Bryce served in various senior
underwriting positions with subsidiaries of American International Group,
Inc. in New York, London, Tokyo and Hong Kong. IPC's Chairman of the Board
of Directors, Joseph Johnson, commented: "John has played a pivotal role in
leading IPC, bringing with him a wealth of experience and knowledge of the
insurance business, and we wish him well in his retirement. Jim Bryce has
been IPCRe's chief underwriter since its formation in 1993 and we have every
confidence in his ability to lead the company."
IPC Holdings, Ltd., through its wholly-owned subsidiary IPCRe Limited,
provides property catastrophe reinsurance and, to a limited extent, marine,
aviation, property-per-risk excess and other short-tail property reinsurance
on a worldwide basis.
CONTACT: JOHN DOWLING, PRESIDENT AND CHIEF EXECUTIVE OFFICER OR
JOHN WEALE, VICE PRESIDENT & CHIEF FINANCIAL OFFICER
TELEPHONE: 441-298-5100
