EXHIBIT 23



                   [Letterhead of PricewaterhouseCoopers LLP]

                       CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the incorporation by reference in the Registration
Statement on Form S-3 (Registration No. 33-34499) and Registration Statements on
Form S-8 (Registration No. 33-99974 and 333-86145) of Risk Capital Holdings,
Inc. of our report dated February 1, 2000, except as to Note 14, which is as of
March 2, 2000, appearing on page F-2 of the Company's Annual Report on Form 10-K
for the year ended December 31, 1999. We also consent to the incorporation by
reference of our report on the Financial Statement Schedules, also dated
February 1, 2000, except as to Note 14, which is as of March 2, 2000, which
appears on page S-1 of the Company's Annual Report on Form 10-K for the year
ended December 31, 1999. We also consent to the reference to us under the
heading "Experts" in such Registration Statement.



/s/ PricewaterhouseCoopers LLP
New York, New York
March 29, 2000