EXHIBIT 23.1



                        CONSENT OF INDEPENDENT AUDITORS



TO THE BOARD OF DIRECTORS AND SHAREHOLDERS

MUTUAL RISK MANAGEMENT LTD.



We consent to the incorporation by reference in the Registration Statements on
Form S-8 (Nos. 33-44124, 33-55282 and 333-05008) and Form S-3 (Nos. 33-77850, 
33-80153, 333-02742, 333-64419 and 333-11053) of Mutual Risk Management Ltd. of
our report dated February 15, 1999, with respect to the consolidated financial
statements and schedules of Mutual Risk Management Ltd. included in this Annual
Report (Form 10-K) for the year ended December 31, 1998.
 
/s/ Ernst & Young 

Hamilton, Bermuda
March 26, 1999

 
To The Board of Directors and Shareholders
Mutual Risk Management Ltd.



We have audited the accompanying consolidated balance sheets of Mutual Risk
Management Ltd. and subsidiaries as of December 31, 1998 and 1997, and the
related consolidated statements of income and comprehensive income, changes in
shareholders' equity, and cash flows for each of the three years in the period
ended December 31, 1998. Our audits also included the financial statement
schedules listed in the Index at Item 14(B). These financial statements and
schedules are the responsibility of the Company's management. Our responsibility
is to express an opinion on these financial statements and schedules based on
our audits.

We conducted our audits in accordance with auditing standards generally accepted
in the United States. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our
opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the consolidated financial position of Mutual Risk
Management Ltd. and subsidiaries at December 31, 1998 and 1997, and the
consolidated results of their operations and their cash flows for each of the
three years in the period ended December 31, 1998, in conformity with accounting
principles generally accepted in the United States. Also, in our opinion, the
related financial statement schedules, when considered in relation to the basic
financial statements taken as a whole, present fairly in all material respects
the information set forth therein.

/s/ Ernst & Young LLP

Hamilton, Bermuda
February 15, 1999