EXHIBIT 23.2

                    [LETTERHEAD OF CONYERS DILL & PEARMAN]

October 29, 1997


Terra Nova (Bermuda) Holdings Ltd
Richmond House
12 Par-la-Ville Road
Hamilton
Bermuda


Dear Sirs,

RE:  REGISTRATION STATEMENT ON FORMS F-4 AND S-4

We have acted as special legal counsel to Terra Nova (Bermuda) Holdings Ltd, a 
Bermuda corporation (the "Company"), in connection with the preparation and 
filing with the Securities and Exchange Commission of a Registration Statement 
on Forms F-4 and S-4 under the Securities Act of 1933, as amended, relating to 
the exchange of $75,000,0000 aggregate principal amount of 7.2% Senior Notes due
2007 of Terra Nova Insurance (UK) Holdings plc, fully and unconditionally 
guaranteed on a senior basis by the Company.

We have examined amendment No. 1 to the Forms F-4 and S-4 Registration Statement
(the "Amendment No. 1") and we consent to the reference made to us under the 
captions "Enforceability of Civil Liability", "Risk Factors--Enforcement of
Judgments", "Certain Tax Considerations" and "Legal Matters" in the prospectus
contained in the Amendment No. 1.


Yours faithfully,


/s/ Conyers Dill & Pearman

CONYERS DILL & PEARMAN