BNY Mellon Asset Servicing awarded IPCRe global custody mandate

Source: BNY Mellon Asset Servicing

BNY Mellon Asset Servicing, the global leader in asset servicing, has been selected by IPCRe Limited, a Bermuda-based reinsurance provider, as global custodian for its $2.5 billion portfolio.

"BNY Mellon's presence in Bermuda and its ability to provide full-service solutions for our growing needs were important factors when we made our selection," said John Weale, senior vice president and chief financial officer of IPCRe. "We look forward to creating a successful partnership."

"We have been building our asset servicing capabilities in Bermuda for more than 20 years and now support a wide range of off-shore financial services companies." said Patrick E Curtin, executive vice president, and head of financial institutions at BNY Mellon Asset Servicing. "We continue to enhance the services that we provide to the insurance industry."

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