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

<TABLE> <S> <C>


                                                                    Exhibit 27.1


<ARTICLE>  7

<LEGEND>

    THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REPORT ON FORM 10-Q OF IPC HOLDINGS, LTD. FOR THE SIX MONTHS ENDED JUNE 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>                                             6-MOS
<FISCAL-YEAR-END>                                         DEC-31-1997
<PERIOD-START>                                            JAN-01-1997
<PERIOD-END>                                              JUN-30-1997
<DEBT-HELD-FOR-SALE>                                      428,926
<DEBT-CARRYING-VALUE>                                     0
<DEBT-MARKET-VALUE>                                       0
<EQUITIES>                                                78,594
<MORTGAGE>                                                0
<REAL-ESTATE>                                             0
<TOTAL-INVEST>                                            507,520
<CASH>                                                    11,586
<RECOVER-REINSURE>                                        0
<DEFERRED-ACQUISITION>                                    5,592
<TOTAL-ASSETS>                                            594,219
<POLICY-LOSSES>                                           28,082
<UNEARNED-PREMIUMS>                                       55,744
<POLICY-OTHER>                                            0
<POLICY-HOLDER-FUNDS>                                     0
<NOTES-PAYABLE>                                           0
<COMMON>                                                  250
<PREFERRED-MANDATORY>                                     0
<PREFERRED>                                               0
<OTHER-SE>                                                507,527
<TOTAL-LIABILITY-AND-EQUITY>                              594,219
<PREMIUMS>                                                55,728
<INVESTMENT-INCOME>                                       15,603
<INVESTMENT-GAINS>                                        (2,176)
<OTHER-INCOME>                                            0
<BENEFITS>                                                5,182
<UNDERWRITING-AMORTIZATION>                               5,949
<UNDERWRITING-OTHER>                                      4,046
<INCOME-PRETAX>                                           53,040
<INCOME-TAX>                                              0
<INCOME-CONTINUING>                                       53,040
<DISCONTINUED>                                            0
<EXTRAORDINARY>                                           0
<CHANGES>                                                 0
<NET-INCOME>                                              53,040
<EPS-PRIMARY>                                             2.01
<EPS-DILUTED>                                             2.01
<RESERVE-OPEN>                                            0
<PROVISION-CURRENT>                                       0
<PROVISION-PRIOR>                                         0
<PAYMENTS-CURRENT>                                        0
<PAYMENTS-PRIOR>                                          0
<RESERVE-CLOSE>                                           0
<CUMULATIVE-DEFICIENCY>                                   0
        




</TABLE>