IPC Holdings, Ltd. Elects New Officers

February 17, 2004

Bermuda-based IPC Holdings, Ltd. announced that Peter J.A. Cozens has been elected Senior Vice President of IPC Holdings, Ltd. and IPCRe Limited.

Bermuda-based IPC Holdings, Ltd. announced that Peter J.A. Cozens has been elected Senior Vice President of IPC Holdings, Ltd. and IPCRe Limited.

He joined the Company at its inception in June 1993 as its London representative and transferred to Bermuda in March 1995 as Vice President of IPCRe Limited.

It also announced that Stephen F. Fallon has been elected Senior Vice President of IPC Holdings, Ltd. He joined IPCRe Limited in October 1997 as Vice President and was elected Senior Vice President of IPCRe in December 2001.

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