WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>




<ARTICLE> 7

     <LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL
REPORT ON FORM 10-K OF IPC HOLDINGS, LTD. FOR THE YEAR ENDED DECEMBER 31, 1996
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO THE FINANCIAL STATEMENTS (AND
THE NOTES THERETO) CONTAINED OR INCORPORATED BY REFERENCE IN SUCH REPORT.
</LEGEND>
<MULTIPLIER>                                               1000


<S>                                                        <C>

<PERIOD-START>                                             JAN-01-1996
<PERIOD-TYPE>                                              12-MOS
<PERIOD-END>                                               DEC-31-1996
<DEBT-HELD-FOR-SALE>                                       250,992
<DEBT-CARRYING-VALUE>                                      229,057
<DEBT-MARKET-VALUE>                                        229,464
<EQUITIES>                                                       0
<MORTGAGE>                                                       0
<REAL-ESTATE>                                                    0
<TOTAL-INVEST>                                             480,456
<CASH>                                                      23,797
<RECOVER-REINSURE>                                               0
<DEFERRED-ACQUISITION>                                       2,354
<TOTAL-ASSETS>                                             548,081
<POLICY-LOSSES>                                             28,483
<UNEARNED-PREMIUMS>                                         21,898
<POLICY-OTHER>                                                   0
<POLICY-HOLDER-FUNDS>                                            0
<NOTES-PAYABLE>                                                  0
<PREFERRED-MANDATORY>                                            0
<PREFERRED>                                                      0
<COMMON>                                                       250
<OTHER-SE>                                                 495,885
<TOTAL-LIABILITY-AND-EQUITY>                               548,081
<PREMIUMS>                                                 113,642
<INVESTMENT-INCOME>                                         28,883
<INVESTMENT-GAINS>                                           3,871
<OTHER-INCOME>                                                   0
<BENEFITS>                                                  32,732
<UNDERWRITING-AMORTIZATION>                                 11,849
<UNDERWRITING-OTHER>                                         9,934
<INCOME-PRETAX>                                             92,565
<INCOME-TAX>                                                     0
<INCOME-CONTINUING>                                         92,565
<DISCONTINUED>                                                   0
<EXTRAORDINARY>                                                  0
<CHANGES>                                                        0
<NET-INCOME>                                                92,565
<EPS-PRIMARY>                                                 3.55
<EPS-DILUTED>                                                 3.55
<RESERVE-OPEN>                                              24,717
<PROVISION-CURRENT>                                         32,192
<PROVISION-PRIOR>                                              540
<PAYMENTS-CURRENT>                                          15,670
<PAYMENTS-PRIOR>                                            13,274
<RESERVE-CLOSE>                                             28,483
<CUMULATIVE-DEFICIENCY>                                          0




</TABLE>