<ARTICLE> 7
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CAPSURE
HOLDINGS CORP. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND RELATED
NOTES AND SCHEDULES THERETO INCLUDED IN THIS ANNUAL REPORT ON FORM 10-K AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<DEBT-HELD-FOR-SALE>                           135,895
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                       4,526
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                                 162,532
<CASH>                                           2,736
<RECOVER-REINSURE>                               5,642
<DEFERRED-ACQUISITION>                          28,523
<TOTAL-ASSETS>                                 313,139
<POLICY-LOSSES>                                 38,874
<UNEARNED-PREMIUMS>                             69,570
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                 60,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           790
<OTHER-SE>                                     121,793
<TOTAL-LIABILITY-AND-EQUITY>                   313,139
<PREMIUMS>                                      92,491
<INVESTMENT-INCOME>                             16,444
<INVESTMENT-GAINS>                               1,715
<OTHER-INCOME>                                       0
<BENEFITS>                                      10,054
<UNDERWRITING-AMORTIZATION>                     37,505
<UNDERWRITING-OTHER>                            25,699
<INCOME-PRETAX>                                 21,560
<INCOME-TAX>                                     8,181
<INCOME-CONTINUING>                             13,379
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    13,379
<EPS-PRIMARY>                                     0.82
<EPS-DILUTED>                                     0.81
<RESERVE-OPEN>                                 126,061
<PROVISION-CURRENT>                             23,685
<PROVISION-PRIOR>                             (10,579)
<PAYMENTS-CURRENT>                               3,390
<PAYMENTS-PRIOR>                                12,080
<RESERVE-CLOSE>                                 38,874
<CUMULATIVE-DEFICIENCY>                          7,353