Exhibit 24.3

                                POWER OF ATTORNEY


         KNOW ALL MEN BY THESE PRESENTS that Richard Lutenski, an Executive Vice
President and the principal financial officer and the principal accounting
officer of Enhance Financial Services Group Inc. ("Enhance Financial"), whose
signature appears below constitutes and appoints Daniel Gross and Samuel
Bergman, and each of them, his true and lawful attorney-in-fact and agent, with
full power of substitution and resubstitution, to act, without the other, for
him and in his name, place, and stead, in any and all capacities, to sign
Amendment No. 1 to Registration Statement on Form S-3 of Enhance Financial, and
any or all amendments (including post-effective amendments) thereto, relating to
the offering of shares of its debt securities, common stock or contracts to
purchase common stock, and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents full power and
authority to do and perform each and every act and thing requisite and necessary
to be done in and about the premises, as full to all intents and purposes as he
might or could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents, or any of them, their substitute or substitutes
may lawfully do or cause to be done by virtue hereof.

         IN  WITNESS  WHEREOF,  the  undersigned  has  executed  this  Power  of
Attorney,  in his  capacity as a director of Enhance  Financial  Services  Group
Inc., as of the 8th day of December, 1999.


/s/ Richard Lutenski
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Richard Lutenski