<ARTICLE> 7 <CURRENCY> U.S. DOLLARS <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <EXCHANGE-RATE> 1<F1> <DEBT-HELD-FOR-SALE> 1,156,334 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 114,641 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 1,270,975 <CASH> 79,883 <RECOVER-REINSURE> 65,767 <DEFERRED-ACQUISITION> 93,033 <TOTAL-ASSETS> 2,615,366 <POLICY-LOSSES> 1,422,527 <UNEARNED-PREMIUMS> 559,075 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 175,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 232,012 <OTHER-SE> 69,820 <TOTAL-LIABILITY-AND-EQUITY> 2,615,366 <PREMIUMS> 154,736 <INVESTMENT-INCOME> 21,621 <INVESTMENT-GAINS> (3,674) <OTHER-INCOME> 3,790 <BENEFITS> 156,791 <UNDERWRITING-AMORTIZATION> 90,103 <UNDERWRITING-OTHER> 8,636 <INCOME-PRETAX> (105,106) <INCOME-TAX> (22,213) <INCOME-CONTINUING> (82,893) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (82,893) <EPS-BASIC> 0 <EPS-DILUTED> 0 <RESERVE-OPEN> 1,063,485 <PROVISION-CURRENT> 22,350 <PROVISION-PRIOR> 134,441 <PAYMENTS-CURRENT> 1,535 <PAYMENTS-PRIOR> 147,352 <RESERVE-CLOSE> 1,071,389 <CUMULATIVE-DEFICIENCY> 0 <FN> <F1>FOREIGN EXCHANGE MOVEMENT DURING THE YEAR HAS BEEN ALLOCATED TO PRIOR YEAR PAID CLAIMS. </FN>