<ARTICLE> 7
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CAPSURE
HOLDINGS CORP. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND RELATED
NOTES THERETO INCLUDED IN THIS QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               MAR-31-1995
<DEBT-HELD-FOR-SALE>                           236,362
<DEBT-CARRYING-VALUE>                           14,971
<DEBT-MARKET-VALUE>                             14,443
<EQUITIES>                                      26,117
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                                 304,845
<CASH>                                           5,743
<RECOVER-REINSURE>                              39,929
<DEFERRED-ACQUISITION>                          26,863
<TOTAL-ASSETS>                                 559,027
<POLICY-LOSSES>                                151,875
<UNEARNED-PREMIUMS>                             80,887
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                 59,000
<COMMON>                                           771
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     231,705
<TOTAL-LIABILITY-AND-EQUITY>                   559,027
<PREMIUMS>                                      24,496
<INVESTMENT-INCOME>                              5,093
<INVESTMENT-GAINS>                                (54)
<OTHER-INCOME>                                       4
<BENEFITS>                                       5,375
<UNDERWRITING-AMORTIZATION>                      8,393
<UNDERWRITING-OTHER>                             5,965
<INCOME-PRETAX>                                  6,968
<INCOME-TAX>                                     2,731
<INCOME-CONTINUING>                              4,237
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,237
<EPS-PRIMARY>                                      .28
<EPS-DILUTED>                                      .28
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0