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                                                                      EXHIBIT 23





                       CONSENT OF INDEPENDENT ACCOUNTANTS



We consent to the incorporation by reference in the registration statement of
Capsure Holdings Corp. and Subsidiaries on Form S-8 (File No. 33-87048) of our
report dated February 20, 1997, on our audits of the consolidated financial
statements and financial statement schedules of Capsure Holdings Corp. and
Subsidiaries as of December 31, 1996 and 1995, and for the years ended December
31, 1996, 1995, and 1994, which report is included in this Annual Report on Form
10-K.



                                               COOPERS & LYBRAND L.L.P.
Chicago, Illinois
March 12, 1997