VOTING SECURITIES AND BENEFICIAL OWNERS

     Only  shareholders  of record as of the close of business on March 21, 1997
will be entitled to vote at the Annual Meeting.  On the Record Date,  there were
10,450,000 shares of Common Stock  outstanding,  the only class of the Company's
stock which is currently outstanding.

     The following  table shows,  as of March 14, 1997 the number and percentage
of shares of Common  Stock held by each  person  known to the  Company who owned
beneficially  more than 5% of the issued  and  outstanding  Common  Stock of the
Company and Goran by the Company's Directors and Named Executive Officers:

                 Symons International              Goran
                     Group, Inc.                 Capital Inc.

Name of         Amount and     Percent     Amount and    Percent
Beneficial      Nature of      of Class    Nature of     of Class
Owner           Beneficial                 Beneficial
                Owernship                  Ownership

G. Gordon
Symons1         385,000          3.4%      2,817,080        46.0%

Alan G.
Symons2         227,500          2.0%        541,557         8.9%

Douglas H.
Symons3         140,500          1.2%        299,368         4.9%

Robert C.
Whiting4         10,000             *         35,900           *

James G.
Torrance5         7,000             *          4,000           *

David R.
Doyle6            10,000            *        - - - -         - -

John K.
McKeating7         7,000            *          2,000           *

Jerome B.
Gordon8          - - - -          - -          3,420           *

Goran Capital
Inc.           7,000,000         62.1%       - - - -         - -

FMR Corp./
Fidelity
Canadian
Growth
Company Fund     - - - -           - -       344,600         5.6%

Symons
International
Group Ltd.9      - - - -           - -     1,646,413        26.9%

David L.
Bates10           15,000             *         4,866           *

Gary P.
Hutchcraft11      12,500             *         1,450           *

All Executive
Officers
and Directors
as a
Group (9
Persons)         814,500           7.2%    3,709,641        60.1%

*Less than 1% of class

1    With respect to Symons  International  Group, Inc., 10,000 shares are owned
     directly  and 375,000 are subject to option.  With respect to the shares of
     Goran Capital Inc.,  890,167  shares are held by trusts of which Mr. Symons
     is the  beneficiary,  280,500  are subject to option and  1,646,413  of the
     shares indicated are owned by Symons International Group Ltd., of which Mr.
     Symons is the controlling shareholder.

2    With respect to Symons  International  Group, Inc., 27,500 shares are owned
     directly  and  200,000  shares are subject to option.  With  respect to the
     shares of Goran  Capital  Inc.,  449,183 are owned  directly and 92,374 are
     subject to option.

3    With respect to Symons  International  Group, Inc., 20,500 shares are owned
     directly  and  120,000  shares are subject to option.  With  respect to the
     shares of Goran  Capital Inc.,  197,483 are owned  directly and 101,885 are
     subject to option.

4    Mr. Whiting owns 5,000 shares of Symons  International Group, Inc. directly
     and 5,000 shares are subject to option. With respect to Goran Capital Inc.,
     all shares indicated are owned directly.

5    Mr. Torrance owns 2,000 shares of Symons International Group, Inc. directly
     and 5,000 shares are subject to option. With respect to Goran Capital Inc.,
     2,000 shares are owned directly and 2,000 shares are subject to option.

6    Mr. Doyle owns 5,000 shares of Symons  International  Group,  Inc. directly
     and 5,000 shares are subject to option. With respect to Goran Capital Inc.,
     all shares indicated are owned directly.

7    Mr.  McKeating  owns  2,000  shares of  Symons  International  Group,  Inc.
     directly  and 5,000  shares are  subject to option.  With  respect to Goran
     Capital Inc., 2,000 shares are subject to option.

8    Mr. Gordon's shares of Goran Capital Inc. are owned directly.

9    Mr. G. Gordon Symons is the controlling shareholder of Symons International
     Group Ltd., a private company.

10   Mr. Bates owns 5,000 shares of Symons  International  Group,  Inc. directly
     and 10,000  shares are  subject to option.  With  respect to Goran  Capital
     Inc.,  997 are held in Mr.  Bates'  401(k)  account  pursuant to the Symons
     International  Group,  Inc.  Retirement  Savings  Plan and 3,869 shares are
     subject to option.

11   Mr.  Hutchcraft  owns  2,500  shares of Symons  International  Group,  Inc.
     directly and 10,000 shares are subject to option.  Mr. Hutchcraft also owns
     450 shares of Goran  Capital Inc.  directly and 1,000 shares are subject to
     option.