<TABLE> <S> <C>



<ARTICLE>                                              7

<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE REPORT ON FORM 10-Q OF IPC HOLDINGS, LTD. FOR THE NINE MONTHS ENDED
SEPTEMBER 30, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
THE FINANCIAL STATEMENTS (AND THE NOTES THERETO) CONTAINED IN SUCH REPORT.


</LEGEND>
<MULTIPLIER>                                                 1000

       
<S>                                                  <C>
<PERIOD-TYPE>                                              9-MOS
<FISCAL-YEAR-END>                                    DEC-31-1997
<PERIOD-START>                                       JAN-01-1997
<PERIOD-END>                                         SEP-30-1997
<DEBT-HELD-FOR-SALE>                                     449,513
<DEBT-CARRYING-VALUE>                                          0
<DEBT-MARKET-VALUE>                                            0
<EQUITIES>                                                84,044
<MORTGAGE>                                                     0
<REAL-ESTATE>                                                  0
<TOTAL-INVEST>                                           533,557
<CASH>                                                    18,582
<RECOVER-REINSURE>                                             0
<DEFERRED-ACQUISITION>                                     4,885
<TOTAL-ASSETS>                                           614,978
<POLICY-LOSSES>                                           27,477
<UNEARNED-PREMIUMS>                                       48,906
<POLICY-OTHER>                                                 0
<POLICY-HOLDER-FUNDS>                                          0
<NOTES-PAYABLE>                                                0
<COMMON>                                                     250
<PREFERRED-MANDATORY>                                          0
<PREFERRED>                                                    0
<OTHER-SE>                                               535,952
<TOTAL-LIABILITY-AND-EQUITY>                             614,978
<PREMIUMS>                                                84,287
<INVESTMENT-INCOME>                                       22,694
<INVESTMENT-GAINS>                                        (3,490)
<OTHER-INCOME>                                                 0
<BENEFITS>                                                 8,039
<UNDERWRITING-AMORTIZATION>                                9,336
<UNDERWRITING-OTHER>                                       6,026
<INCOME-PRETAX>                                           78,574
<INCOME-TAX>                                                   0
<INCOME-CONTINUING>                                       78,574
<DISCONTINUED>                                                 0
<EXTRAORDINARY>                                                0
<CHANGES>                                                      0
<NET-INCOME>                                              78,574
<EPS-PRIMARY>                                               2.97
<EPS-DILUTED>                                               2.97
<RESERVE-OPEN>                                                 0
<PROVISION-CURRENT>                                            0
<PROVISION-PRIOR>                                              0
<PAYMENTS-CURRENT>                                             0
<PAYMENTS-PRIOR>                                               0
<RESERVE-CLOSE>                                                0
<CUMULATIVE-DEFICIENCY>                                        0
        


</TABLE>