IPCRE pleased with “disciplined” class of 2005
In a first quarter results announcement Bermudian reinsurer IPC Re has welcomed the caution and discipline of the latest batch of entrants to the reinsurance market.
Reporting net income for the first quarter of $62.6m, compared to $44m a year earlier, IPC President and CEO Jim Bryce pointed to the first proper hard US Cat market since the early nineties, whilst
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