<ARTICLE> 7
<LEGEND>
The schedule contains summary financial information extracted from the
consolidated financial statements and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
                           
<PERIOD-TYPE>                 YEAR
<FISCAL-YEAR-END>             DEC-31-1995
<PERIOD-END>                  DEC-31-1995
<DEBT-HELD-FOR-SALE>          68,630
<DEBT-CARRYING-VALUE>         0
<DEBT-MARKET-VALUE>           70,370
<EQUITIES>                    14,287
<MORTGAGE>                    0
<REAL-ESTATE>                 0
<TOTAL-INVEST>                84,657
<CASH>                        596
<RECOVER-REINSURE>            67,476
<DEFERRED-ACQUISITION>        3,102
<TOTAL-ASSETS>                155,831
<POLICY-LOSSES>               107,275
<UNEARNED-PREMIUMS>           25,916
<POLICY-OTHER>                12,624
<POLICY-HOLDER-FUNDS>         0
<NOTES-PAYABLE>               4,000
<PREFERRED-MANDATORY>         111
<PREFERRED>                   0
<COMMON>                      5,905
<OTHER-SE>                    0
<TOTAL-LIABILITY-AND-EQUITY>  155,831
<PREMIUMS>                    37,533
<INVESTMENT-INCOME>           6,067
<INVESTMENT-GAINS>            960
<OTHER-INCOME>                1,552
<BENEFITS>                    0
<UNDERWRITING-AMORTIZATION>   4,852
<UNDERWRITING-OTHER>          50,764
<INCOME-PRETAX>               (9,504)
<INCOME-TAX>                  0
<INCOME-CONTINUING>           0
<DISCONTINUED>                (6)
<EXTRAORDINARY>               0
<CHANGES>                     0
<NET-INCOME>                  (9,510)
<EPS-PRIMARY>                 16.97
<EPS-DILUTED>                 0
<RESERVE-OPEN>                0
<PROVISION-CURRENT>           0
<PROVISION-PRIOR>             0
<PAYMENTS-CURRENT>            0
<PAYMENTS-PRIOR>              0

<RESERVE-CLOSE>               0
<CUMULATIVE-DEFICIENCY>       0