Bermuda-based IPC Holdings Ltd. announced that its CEO and CFO would voluntarily comply with the U.S. Securities and Exchange Commission’s new certification requirements.
On June 27, the SEC issued an order mandating that the principal executive officers and principal financial officers of certain large, publicly traded U.S. companies certify the accuracy of their latest report on Form 10-K and subsequent reports and proxy statements filed with the SEC.
IPC Holdings Ltd. was not among those companies subject to the SEC’s order.
Jim Bryce, IPC Holdings Ltd. president and CEO, noted “We believe that it’s a benefit to our shareholders to give this extra assurance and, therefore, IPC’s Chief Financial Officer, John Weale, and I have decided to voluntarily file the newly required certifications.”
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.
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