0000950123-01-509388 Sample Contracts

EXHIBIT C
American International Group Inc • December 19th, 2001 • Fire, marine & casualty insurance

The undersigned understands that Morgan Stanley & Co. Incorporated ("MORGAN STANLEY") proposes to enter into an Underwriting Agreement (the "UNDERWRITING AGREEMENT") with IPC Holdings, Ltd., a Bermuda company (the "COMPANY") providing for the public offering (the "PUBLIC OFFERING") by the several Underwriters, including Morgan Stanley (the "UNDERWRITERS"), OF 15,200,000 shares (the "SHARES") of the Common Shares, $.01 par value per share, of the Company (the "COMMON STOCK").

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EXHIBIT B
Purchase Agreement • December 19th, 2001 • American International Group Inc • Fire, marine & casualty insurance • New York
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