<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF McM CORPORATION FOR THE THREE MONTHS ENDED MARCH 31,
1999, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               MAR-31-1999
<DEBT-HELD-FOR-SALE>                            24,681
<DEBT-CARRYING-VALUE>                            3,045
<DEBT-MARKET-VALUE>                              3,140
<EQUITIES>                                      23,825
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                                  59,764
<CASH>                                           5,528
<RECOVER-REINSURE>                              33,459
<DEFERRED-ACQUISITION>                           2,500
<TOTAL-ASSETS>                                 116,694
<POLICY-LOSSES>                                 57,621
<UNEARNED-PREMIUMS>                             11,443
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                            5,789
<NOTES-PAYABLE>                                      0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     26,468
<COMMON>                                         4,706
<OTHER-SE>                                      (1,866)
<TOTAL-LIABILITY-AND-EQUITY>                   116,694
<PREMIUMS>                                      10,351
<INVESTMENT-INCOME>                                559
<INVESTMENT-GAINS>                               1,149
<OTHER-INCOME>                                     105
<BENEFITS>                                       7,578
<UNDERWRITING-AMORTIZATION>                          0
<UNDERWRITING-OTHER>                             4,072
<INCOME-PRETAX>                                    514
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                514
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       514
<EPS-PRIMARY>                                     0.11
<EPS-DILUTED>                                     0.11
<RESERVE-OPEN>                                  33,305
<PROVISION-CURRENT>                              7,262
<PROVISION-PRIOR>                                  316
<PAYMENTS-CURRENT>                               2,878
<PAYMENTS-PRIOR>                                 6,807
<RESERVE-CLOSE>                                 31,198
<CUMULATIVE-DEFICIENCY>                            316