Exhibit 23.1

                        CONSENT OF INDEPENDENT AUDITORS


We consent to the use in this Amendment No. 6 to the Registration Statement on
Form F-3 of Kingsway Financial Services Inc. of our auditors' reports dated
February 6, 2003 on the consolidated balance sheets of Kingsway Financial
Services Inc. as at December 31, 2002 and 2001, and the consolidated statements
of operations, retained earnings and cash flows for each of the years in the
three-year period ended December 31, 2002, and the related consolidated
financial statement schedules, which appear in such Registration Statement. We
also consent to the reference to our firm under the heading "Experts" in such
Registration Statement.


KPMG LLP

Toronto, Canada
August 13, 2003