CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS



The Board of Directors
Gryphon Holdings Inc.:

We consent to the incorporation by reference in the registration 
statements (Nos. 333-12775, 33-96922, 33-83630) on Form S-8 of
Gryphon Holdings Inc. of our report dated February 24, 1998,
relating to the consolidated balance sheets of Gryphon Holdings
Inc. and subsidiaries as of December 31, 1997 and 1996, and the
related consolidated statements of income, stockholders' equity,
and cash flows for each of the years in the three-year period
ended December 31, 1997, and all related schedules, which report 
appears in the December 31, 1997 annual report on Form 10-K of 
Gryphon Holdings Inc.


                                        KPMG Peat Marwick LLP


New York, New York
March 27, 1998