<TABLE> <S> <C>
<ARTICLE> 7
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> Dec-31-2000
<PERIOD-START> Jan-01-2000
<PERIOD-END> Sep-30-2000
<DEBT-HELD-FOR-SALE> 1,738,500
<DEBT-CARRYING-VALUE> 0
<DEBT-MARKET-VALUE> 0
<EQUITIES> 117,843
<MORTGAGE> 0
<REAL-ESTATE> 0
<TOTAL-INVEST> 2,020,258<F2>
<CASH> 198,278<F3>
<RECOVER-REINSURE> 723,359<F1>
<DEFERRED-ACQUISITION> 96,790
<TOTAL-ASSETS> 4,012,338
<POLICY-LOSSES> 2,253,360
<UNEARNED-PREMIUMS> 499,129
<POLICY-OTHER> 0
<POLICY-HOLDER-FUNDS> 0
<NOTES-PAYABLE> 266,944
86,900
0
<COMMON> 3,667
<OTHER-SE> 628,803
<TOTAL-LIABILITY-AND-EQUITY> 4,012,338
82,739
<INVESTMENT-INCOME> 27,778
<INVESTMENT-GAINS> (1,916)
<OTHER-INCOME> (53)
<BENEFITS> 69,190
<UNDERWRITING-AMORTIZATION> 16,269
<UNDERWRITING-OTHER> 10,387
<INCOME-PRETAX> 2,732
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 2,732
<EPS-BASIC> .17
<EPS-DILUTED> .17
<RESERVE-OPEN> 0
<PROVISION-CURRENT> 0
<PROVISION-PRIOR> 0
<PAYMENTS-CURRENT> 0
<PAYMENTS-PRIOR> 0
<RESERVE-CLOSE> 0
<CUMULATIVE-DEFICIENCY> 0
<FN>
1 Represents net reinsurance recoverable balances after offset of funds held
and reinsurance balances payable.
2 Total investments include investments held by managed syndicates of
$163,915.
3 Cash includes cash and cash equivalents held by managed syndicates of
$75,992.
</FN>
</TABLE>