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Member, Beacon International Group, Ltd.
IPCRe Ltd.
American International Building, 29 Richmond Road, Pembroke HM 08, Bermuda; 441-298-5100; fax: 441-292-8085
www.ipcreinsurance.com
1997 1996
Prem. written $117,050,000 $111,569,000
Prem. earned $112,486,000 $113,642,000
Capital/surplus $529,163,000 $496,848,000
Net income $101,743,000 $95,741,000
Losses $14,708,000 $32,732,000
Loss ratio 13.1% 28.8%
Expenses $20,759,000 $18,505,000
Expense ratio 18.5% 16.3%
Combined ratio 31.6% 45.1%
Treaty 100% 100%
Foreign 100% 100%
Non-life 100% 100%
Founded: 1993.
Parent: IPC Holdings Ltd.
Employees: 16.
Specialties: Property catastrophe excess-of-loss reinsurance, marine, aviation, property-per-risk excess and other short-tail property reinsurance on a worldwide basis.
Officers: John Dowling, president/CEO; James Bryce, senior vp/chief underwriting officer; John Weale, vp/CFO; Peter Cozens, Stephen Fallon, vps; Dennis Higginbottom, vp/secretary.
IRB-Brasil Re
Av. Marechai Camara, 171-Castelo, 20023-900 Rio de Janeiro, Brazil; 55/21/272-0200; fax: 55/21/240-8775
1997 1996
Prem. written $557,039,930 $527,471,010
Prem. earned $560,291,116 $536,321,610
Capital/surplus $473,300,824 $467,003,790
Net income $47,863,088 $72,373,950
Losses $438,073,006 $327,459,330
Loss ratio 78.2% 61.1%
Expenses $158,087,646 $263,012,310
Expense ratio 28.2% 49.0%
Combined ratio 106.4% 110.1%
Treaty 75% 75%
Facultative 25% 25%
Domestic 99.3% 99.4%
Foreign 0.7% 0.6%
Life 7.6% 7%
Non-life 92.4% 93%
Founded: 1939.
Employees: 560.
Locations: Four domestic, one foreign.
Officers: Demosthenes Madureira de Pinho Filho, president; Paulo Oscar Franca, executive vp; Francisco Aldenor A. Andrade, commercial director; Francisco Antonio Pinho de Barros, technical director; Marcio Netto Baeta, financial director; Hugo Rocha Braga, administrative director.
Contact: Joao Carlos Gahyva Rodrigues, president-United American Insurance Co., 212-486-0700.