<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-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<DEBT-HELD-FOR-SALE>                           201,485
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                      13,720
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                                 285,859
<CASH>                                           4,089
<RECOVER-REINSURE>                              40,645
<DEFERRED-ACQUISITION>                          28,570
<TOTAL-ASSETS>                                 506,483
<POLICY-LOSSES>                                125,940
<UNEARNED-PREMIUMS>                             82,385
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                  9,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           770 
<OTHER-SE>                                     260,572
<TOTAL-LIABILITY-AND-EQUITY>                   506,483
<PREMIUMS>                                      23,349
<INVESTMENT-INCOME>                              5,034
<INVESTMENT-GAINS>                                 523
<OTHER-INCOME>                                       1
<BENEFITS>                                       3,396
<UNDERWRITING-AMORTIZATION>                      8,349
<UNDERWRITING-OTHER>                             6,407
<INCOME-PRETAX>                                  8,917
<INCOME-TAX>                                     3,397
<INCOME-CONTINUING>                              5,520
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     5,520
<EPS-PRIMARY>                                      .35
<EPS-DILUTED>                                      .35
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0