<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM MUTUAL RISK
MANAGEMENT LTD.'S FINANCIAL STATEMENTS AS OF DECEMBER 31, 1998 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000826918
<NAME> MUTUAL RISK MANAGEMENT LTD.
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<EXCHANGE-RATE>                                      1
<DEBT-HELD-FOR-SALE>                           460,624
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                           0
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                                 460,624
<CASH>                                         114,800
<RECOVER-REINSURE>                           1,079,563
<DEFERRED-ACQUISITION>                          27,215
<TOTAL-ASSETS>                               3,041,481
<POLICY-LOSSES>                              1,190,426
<UNEARNED-PREMIUMS>                            241,893
<POLICY-OTHER>                                  79,753
<POLICY-HOLDER-FUNDS>                           37,448
<NOTES-PAYABLE>                                127,330
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           411
<OTHER-SE>                                     341,263
<TOTAL-LIABILITY-AND-EQUITY>                 3,041,481
<PREMIUMS>                                     101,913
<INVESTMENT-INCOME>                             29,467
<INVESTMENT-GAINS>                             (1,003)
<OTHER-INCOME>                                 149,019
<BENEFITS>                                      78,258
<UNDERWRITING-AMORTIZATION>                     26,061
<UNDERWRITING-OTHER>                           103,032
<INCOME-PRETAX>                                 72,045
<INCOME-TAX>                                     8,506
<INCOME-CONTINUING>                             63,539
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    63,632
<EPS-PRIMARY>                                     1.58
<EPS-DILUTED>                                     1.43
<RESERVE-OPEN>                                  85,764
<PROVISION-CURRENT>                             74,476
<PROVISION-PRIOR>                                3,782
<PAYMENTS-CURRENT>                              15,039
<PAYMENTS-PRIOR>                                38,119
<RESERVE-CLOSE>                                110,864
<CUMULATIVE-DEFICIENCY>                              0