<ARTICLE> 7 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM TERRA NOVA(BERMUDA) HOLDINGS LTD AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 12-MOS <FISCAL-YEAR-END> DEC-31-1999 DEC-31-1999 <PERIOD-START> OCT-01-1999 JAN-01-1999 <PERIOD-END> DEC-31-1999 DEC-31-1999 <DEBT-HELD-FOR-SALE> 1,306,110 1,306,110 <DEBT-CARRYING-VALUE> 0 0 <DEBT-MARKET-VALUE> 0 0 <EQUITIES> 109,900 109,000 <MORTGAGE> 0 0 <REAL-ESTATE> 0 0 <TOTAL-INVEST> 1,416,010 1,416,010 <CASH> 74,798 74,798 <RECOVER-REINSURE> 62,162 62,162 <DEFERRED-ACQUISITION> 99,638 99,638 <TOTAL-ASSETS> 2,631,700 2,631,700 <POLICY-LOSSES> 1,409,968 1,409,968 <UNEARNED-PREMIUMS> 468,178 468,178 <POLICY-OTHER> 0 0 <POLICY-HOLDER-FUNDS> 0 0 <NOTES-PAYABLE> 175,000 175,000 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 151,637 151,637 <OTHER-SE> 292,373 292,373 <TOTAL-LIABILITY-AND-EQUITY> 2,631,700 2,631,700 <PREMIUMS> 125,910 585,281 <INVESTMENT-INCOME> 24,084 93,829 <INVESTMENT-GAINS> (2,747) 26,879 <OTHER-INCOME> 5,275 17,261 <BENEFITS> 177,309 491,243 <UNDERWRITING-AMORTIZATION> 70,171 240,836 <UNDERWRITING-OTHER> 8,431 25,397 <INCOME-PRETAX> (116,515) (72,602) <INCOME-TAX> (35,274) (37,628) <INCOME-CONTINUING> (81,241) (34,974) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (81,241) (34,974) <EPS-BASIC> (3.20) (1.38) <EPS-DILUTED> (3.20) (1.38) <RESERVE-OPEN> 967,911 982,904 <PROVISION-CURRENT> 239,699 569,010 <PROVISION-PRIOR> (29,134) (44,510) <PAYMENTS-CURRENT> 136,609 179,844 <PAYMENTS-PRIOR> (21,618) 264,075 <RESERVE-CLOSE> 1,063,485 1,063,485 <CUMULATIVE-DEFICIENCY> 0 0 <FN> (1) Foreign exchange movement during the year has been allocated to prior year paid claims. (2) Net reserves from reinsurance to close has been included as prior year provision. </FN>