<ARTICLE> 7
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CAPSURE
HOLDINGS CORP. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND RELATED
NOTES AND SCHEDULES THERETO INCLUDED IN THIS ANNUAL REPORT ON FORM 10-K AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<DEBT-HELD-FOR-SALE>                           235,625
<DEBT-CARRYING-VALUE>                           10,968
<DEBT-MARKET-VALUE>                             10,326
<EQUITIES>                                      28,205
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                                 301,767
<CASH>                                           4,131
<RECOVER-REINSURE>                              39,582
<DEFERRED-ACQUISITION>                          25,150
<TOTAL-ASSETS>                                 553,370
<POLICY-LOSSES>                                149,041
<UNEARNED-PREMIUMS>                             76,630
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                 71,000
<COMMON>                                           770
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     224,095
<TOTAL-LIABILITY-AND-EQUITY>                   553,370
<PREMIUMS>                                      92,481
<INVESTMENT-INCOME>                             19,129
<INVESTMENT-GAINS>                                 945
<OTHER-INCOME>                                     107
<BENEFITS>                                      23,344
<UNDERWRITING-AMORTIZATION>                     29,390
<UNDERWRITING-OTHER>                            24,514
<INCOME-PRETAX>                                 23,779
<INCOME-TAX>                                     9,401
<INCOME-CONTINUING>                             14,378
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    14,378
<EPS-PRIMARY>                                      .95
<EPS-DILUTED>                                      .95
<RESERVE-OPEN>                                 138,563
<PROVISION-CURRENT>                             46,206
<PROVISION-PRIOR>                              (14,522)
<PAYMENTS-CURRENT>                               3,003
<PAYMENTS-PRIOR>                                18,203
<RESERVE-CLOSE>                                149,041
<CUMULATIVE-DEFICIENCY>                         15,690