Convert a list to list of dictionaries in Python 3

I have a dictionary in Python as follows:

result = {"name":"testipgroup",
          "ips": ["10.1.1.7","10.1.1.8"],
          "team_name": "avengers"}

The output I need is in this format :

result = {"name":"testipgroup",
          "ips": [{"name":"IP_10.1.1.7", "value":"10.1.1.7"}],
          "team_name": "avengers"}

My implementation involves popping the 'ips' list from the result dict, iterating over the list, doing transformations and then appending the new list of dicts to the result dict as follows:

a = result.pop("ips")
result["ips"] = []
for item in a:
    ip_dict = {}
    ip_dict.update({"name": "IP_" + str(item), "value": str(item)})
    result["ips"].append(ip_dict)

Is there a cleaner way of doing this without popping and creating a new array and doing this directly on the result dict