<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>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               SEP-30-1995
<DEBT-HELD-FOR-SALE>                           234,569
<DEBT-CARRYING-VALUE>                           11,177
<DEBT-MARKET-VALUE>                             11,241
<EQUITIES>                                      22,958
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                                 298,673
<CASH>                                           4,846
<RECOVER-REINSURE>                              39,174
<DEFERRED-ACQUISITION>                          27,265
<TOTAL-ASSETS>                                 540,587
<POLICY-LOSSES>                                151,395
<UNEARNED-PREMIUMS>                             78,540
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                 34,000
<COMMON>                                           770
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     245,721
<TOTAL-LIABILITY-AND-EQUITY>                   540,587
<PREMIUMS>                                      73,219
<INVESTMENT-INCOME>                             15,384
<INVESTMENT-GAINS>                               (152)
<OTHER-INCOME>                                       6
<BENEFITS>                                      13,475
<UNDERWRITING-AMORTIZATION>                     26,741
<UNDERWRITING-OTHER>                            18,829
<INCOME-PRETAX>                                 21,490
<INCOME-TAX>                                     8,398
<INCOME-CONTINUING>                             13,092
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    13,092
<EPS-PRIMARY>                                      .85
<EPS-DILUTED>                                      .85
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0