ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE
                               COMPANY (COMBINED)

                  SCHEDULE P - ANALYSIS OF LOSSES AND EXPENSES

                          SCHEDULE P - PART 1 - SUMMARY

                                 ($000 Omitted)

<TABLE>
<CAPTION>
====================================================================================================================================
                         Premiums Earned                                   Loss and Loss Expense Payments
     (1)         -------------------------------------------------------------------------------------------------------------------
  Years in            (2)        (3)         (4)           Loss Payments             Allocated Loss              Unallocated Loss   
    Which                                                                            Expense Payments            Expense Payments   
  Premiums                                            ------------------------------------------------------------------------------
 Were Earned                                             (5)          (6)           (7)            (8)             (9)        (10)  
 and Losses          Direct                  Net      Direct And                 Direct And                    Direct And           
Were Incurred        Assumed    Ceded    (Cols. 2-3)    Assumed      Ceded         Assumed        Ceded          Assumed      Ceded
------------------------------------------------------------------------------------------------------------------------------------
<S>               <C>         <C>           <C>        <C>        <C>             <C>            <C>              <C>           <C>
 1.  Prior        XXX         XXX           XXX           2,943      1,273          1,088           323               54          7
 2.  1989          165,195     93,434        71,761     184,831    142,382         16,346         7,595              259         15
 3.  1990          166,056    101,563        64,493     114,017     79,739         12,727         4,601              221         14
 4.  1991          179,573    115,157        64,416      71,183     42,666         10,346         3,053              204         28
 5.  1992          161,162    102,887        58,275      76,344     51,209          5,621         1,563              200         22
 6.  1993          165,180     99,903        65,277      87,702     53,842          5,506         1,984            2,005         30
 7.  1994          180,033    100,778        79,255     128,222     94,945          5,884         3,088            2,463         69
 8.  1995          197,192     93,731       103,461      59,453     27,103          2,701           572            2,287         14
 9.  1996          168,183     71,146        97,037      55,525     22,466          2,644         1,450            2,317         73
10.  1997          135,414     47,877        87,537       2,701     30,663            516           (27)           2,258        196
11.  1998          112,828     62,207        50,621      23,032     15,640            106          (125)             237        157
------------------------------------------------------------------------------------------------------------------------------------
12.  TOTALS       xxx         xxx           xxx         861,715    561,928         63,485        24,077           12,505        625
====================================================================================================================================
                                                          
<CAPTION>
==================================================================
     (1)                                           (13)
  Years in       --------------------------
    Which              (11)        (12)          Number of
  Premiums                        Total           Claims
 Were Earned       Salvage and  Paid (Cols.      Reported
 and Losses        Subrogation   5-6+7-8        Direct and
Were Incurred       Received      -9-10)         Assumed
------------------------------------------------------------------
<S>                   <C>        <C>               <C>
 1.  Prior               173       2,482           XXX
 2.  1989              2,717      51,444           XXX
 3.  1990              2,704      42,611           XXX
 4.  1991              2,112      35,986           XXX
 5.  1992                844      29,371           XXX
 6.  1993              1,099      39,357           XXX
 7.  1994              2,397      38,467           XXX
 8.  1995              1,335      36,752           XXX
 9.  1996              1,066      36,897           XXX
10.  1997                453      30,005           XXX
11.  1998                130       7,703           XXX
------------------------------------------------------------------
12.  TOTALS           15,030     351,075           XXX
==================================================================
</TABLE>

<TABLE>
<CAPTION>
====================================================================================================================================
                           Losses Unpaid                       Allocated Loss Expenses Unpaid       Unallocated Loss Expenses Unpaid
       -----------------------------------------------------------------------------------------------------------------------------
               CASE BASIS               BULK + IBNR               CASE BASIS              BULK + IBNR         (22)          (23)
       --------------------------------------------------------------------------------------------------
           (14)         (15)         (16)        (17)          (18)         (19)      (20)         (21)
       Direct and                 Direct and                Direct and              Direct and             Direct and
         Assumed       Ceded       Assumed      Ceded        Assumed       Ceded     Assumed       Ceded     Assumed        Ceded
------------------------------------------------------------------------------------------------------------------------------------
<S>      <C>          <C>         <C>          <C>               <C>         <C>     <C>          <C>         <C>             <C>
 1.       23,348       13,152       5,739       1,078            0           0          699         362       1,812           0
 2.        3,532        1,725       3,252         960            0           0          539         300         296           0
 3.        7,578        4,157       4,617       1,323            0           0          777         413         171           0
 4.        5,884        3,659       7,251       1,778            0           0          922         459         166           0
 5.        5,356        2,356       7,559       2,084            0           0        1,206         305         194           0
 6.        4,611          740       8,506       2,262            0           0        1,428         306         313           0
 7.       26,075       20,077      12,589       3,672            0           0        2,469         433         383           0
 8.        9,766        5,543      19,360       6,066            0           0        3,451         419         436           0
 9.       12,012        6,019      24,346       7,159            0           0        3,942         338         813           0
10.       30,613       24,972      31,049      11,245            0           0        5,744         831       1,061           0
11.       51,893       38,732      28,132       8,393            0           0        4,612         489         985           0
------------------------------------------------------------------------------------------------------------------------------------
12.      180,668      121,132     152,400      46,020            0           0       25,789       4,655       6,630           0
====================================================================================================================================

<CAPTION>
====================================================
               (24)        (25)            (26)

                                        Number of
                          Total Net       Claims
            Salvage and  Losses and    Outstanding
            Subrogation   Expenses     Direct and
            Anticpated    Unpaid         Assumed
----------------------------------------------------
<S>          <C>             <C>             <C>
 1.            311           17,006          XXX
 2.            131            4,634          XXX
 3.            208            7,250          XXX
 4.            145            8,327          XXX
 5.            182            9,570          XXX
 6.            290           11,550          XXX
 7.            548           17,334          XXX
 8.            699           20,985          XXX
 9.            997           27,597          XXX
10.          1,165           31,419          XXX
11.          1,682           38,008          XXX
----------------------------------------------------
12.          6,358          193,680          XXX
====================================================
</TABLE>

<TABLE>
<CAPTION>
=============================================================================================================================
                                                 Losses and Loss Expenses Percentage        Nontabular            (35)
     Total Losses and Loss Expenses Incurred        (Incurred/Premiums Earned)               Discount
      -----------------------------------------------------------------------------------------------------
                                                                                                              Inter-Company
           (27)         (28)      (29)             (30)          (31)         (32)       (33)        (34)        Pooling
       Direct and                              Direct and                                            Loss      Participation
         Assumed       Ceded       Net           Assumed         Ceded         Net       Loss       Expense     Percentage
-----------------------------------------------------------------------------------------------------------------------------
<S>       <C>        <C>          <C>            <C>             <C>          <C>          <C>        <C>         <C>
 1.       XXX        XXX          XXX            XXX             XXX          XXX          0          0           XXX
 2.       209,055    152,977      56,078         126.6           163.7         78.1        0          0            50.0
 3.       140,108     90,247      49,861          84.4            88.9         77.3        0          0            58.9
 4.        95,956     51,643      44,313          53.4            44.8         68.8        0          0            66.9
 5.        96,480     57,539      38,941          59.9            55.9         66.8        0          0            77.3
 6.       110,071     59,164      50,907          66.6            59.2         78.0        0          0            81.5
 7.       178,085    122,284      55,801          98.9           121.3         70.4        0          0            84.0
 8.        97,454     39,717      57,737          49.4            42.4         55.8        0          0            90.0
 9.       101,999     37,505      64,494          60.6            52.7         66.5        0          0            95.0
10.       129,304     67,880      61,424          95.5           141.8         70.2        0          0            95.0
11.       108,997     63,286      45,711          96.6           101.7         90.3        0          0           100.0
-----------------------------------------------------------------------------------------------------------------------------
12.       XXX        XXX          XXX            XXX             XXX          XXX          0          0           XXX
-----------------------------------------------------------------------------------------------------------------------------

<CAPTION>
====================================
                Net Balance Sheet
             Reserves After Discount
           -------------------------
             (36)         (37)

            Losses    Loss Expenses
            Unpaid        Unpaid
------------------------------------
<S>        <C>           <C>
 1.         14,857       2,149
 2.          4,099         535
 3.          6,715         535
 4.          7,698         629
 5.          8,475       1,095
 6.         10,115       1,435
 7.         14,915       2,419
 8.         17,517       3,468
 9.         23,180       4,417
10.         25,445       5,974
11.         32,900       5,108
------------------------------------
12.        165,916      27,764
------------------------------------
</TABLE>

Note: Parts 2 and 4 are gross of all dicounting,  including tabular discounting.
Part 1 is gross of only nontabular discounting,  which is reported in Columns 33
and 34 of Part 1 The  tabular  discount,  if any,  is  reported  in the Noted to
Financial Statements which will reconcile Part 1 with Parts 2 and 4.


<PAGE>


 ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE
                               COMPANY (COMBINED)

                          SCHEDULE P - PART 2 - SUMMARY

<TABLE>
<CAPTION>
============================================================================================================================
     (1)                                          INCURRED LOSSES AND ALLOCATED EXPENSES REPORTED AT YEAR END ($000 OMITTED)
                 -----------------------------------------------------------------------------------------------------------
Years in Which       (2)         (3)         (4)         (5)          (6)        (7)          (8)          (9)         (10)
Losses Were
  Incurred          1989        1990        1991         1992        1993        1994         1995         1996       1997
----------------------------------------------------------------------------------------------------------------------------
<S>              <C>          <C>         <C>         <C>          <C>         <C>          <C>         <C>         <C>
 1.  Prior        96,569      88,586      86,617       81,234      77,216      72,394       70,776      72,787      72,496
 2.  1989         53,563      54,047      58,399       59,626      60,030      58,538       58,683      57,273      55,566
 3.  1990         XXX         50,795      47,279       49,348      49,352      51,990       50,500      50,210      49,497
 4.  1991         XXX         XXX         45,344       43,866      45,953      46,206       45,467      46,135      45,534
 5.  1992         XXX         XXX         XXX          48,868      46,024      42,127       40,235      40,098      38,462
 6.  1993         XXX         XXX         XXX          XXX         54,969      52,929       52,621      50,223      48,699
 7.  1994         XXX         XXX         XXX          XXX         XXX         64,065       63,601      60,317      55,403
 8.  1995         XXX         XXX         XXX          XXX         XXX         XXX          75,620      67,489      58,128
 9.  1996         XXX         XXX         XXX          XXX         XXX         XXX          XXX         71,753      66,845
10.  1997         XXX         XXX         XXX          XXX         XXX         XXX          XXX         XXX         68,039
11.  1998         XXX         XXX         XXX          XXX         XXX         XXX          XXX         XXX         XXX
----------------------------------------------------------------------------------------------------------------------------

<CAPTION>
=================================================================
     (1)                                    DEVELOPMENT
                 ------------------------------------------------
Years in Which         (11)             (12)           (13)
Losses Were
  Incurred             1998           One Year      Two Year
-----------------------------------------------------------------
<S>                   <C>              <C>            <C>
 1.  Prior            74,118             1,622          1,331
 2.  1989             55,538               (28)        (1,735)
 3.  1990             49,483               (14)          (727)
 4.  1991             43,971            (1,563)        (2,164)
 5.  1992             38,569               107         (1,529)
 6.  1993             48,619               (80)        (1,604)
 7.  1994             53,024            (2,379)        (7,293)
 8.  1995             55,028            (3,100)       (12,461)
 9.  1996             61,437            (5,408)       (10,316)
10.  1997             58,301            (9,738)       XXX
11.  1998             44,646            XXX           XXX
-----------------------------------------------------------------
                 12.  Totals           (20,581)       (36,498)
                                   ------------------------------
</TABLE>

<TABLE>
<CAPTION>
====================================================================================================================================
     (1)                                 CUMULATIVE PAID LOSSES AND ALLOCATED EXPENSES AT YEAR END ($000 OMITTED)
                 -------------------------------------------------------------------------------------------------------------------

Years in Which       (2)         (3)         (4)         (5)          (6)        (7)          (8)          (9)         (10)     (11)
 Losses Were
  Incurred         1989         1990       1991         1992       1993        1994        1995        1996       1997        1998
------------------------------------------------------------------------------------------------------------------------------------
<S>               <C>          <C>         <C>         <C>         <C>         <C>         <C>         <C>        <C>         <C>
 1.  Prior            0        11,740      25,888      29,662      37,210      45,127      51,325      54,684     56,489      58,924
 2.  1989         5,299        16,469      23,496      29,398      38,031      44,021      47,018      49,494     50,584      51,200
 3.  1990         XXX           2,184       8,747      13,360      21,530      29,030      33,343      37,038     40,614      42,404
 4.  1991         XXX           XXX         2,047       5,055      13,818      20,500      24,862      30,416     33,556      35,810
 5.  1992         XXX           XXX         XXX         2,756       9,790      14,140      19,226      23,585     25,752      29,193
 6.  1993         XXX           XXX         XXX         XXX         4,431      17,339      24,714      29,327     34,223      37,382
 7.  1994         XXX           XXX         XXX         XXX         XXX        11,186      21,765      28,937     32,980      36,073
 8.  1995         XXX           XXX         XXX         XXX         XXX         XXX        10,044      24,994     30,016      34,479
 9.  1996         XXX           XXX         XXX         XXX         XXX         XXX         XXX        15,012     27,628      34,653
10.  1997         XXX           XXX         XXX         XXX         XXX         XXX         XXX         XXX       16,913      27,943
11.  1998         XXX           XXX         XXX         XXX         XXX         XXX         XXX         XXX        XXX         7,623
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
====================================================
     (1)                    (12)           (13)
                      ------------------------------
                           Number of     Number of
Years in Which              Claims        Claims
 Losses Were              Closed With     Without
  Incurred                Loss Payment  Loss Payment
----------------------------------------------------
<S>                            <C>         <C>
 1.  Prior                     XXX         XXX
 2.  1989                      XXX         XXX
 3.  1990                      XXX         XXX
 4.  1991                      XXX         XXX
 5.  1992                      XXX         XXX
 6.  1993                      XXX         XXX
 7.  1994                      XXX         XXX
 8.  1995                      XXX         XXX
 9.  1996                      XXX         XXX
10.  1997                      XXX         XXX
11.  1998                      XXX         XXX
----------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
====================================================================================================================================
     (1)                    BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES ALLOCATED EXPENSES AT YEAR END ($000 OMITTED)
               ---------------------------------------------------------------------------------------------------------------------
Years in Which    (2)         (3)         (4)         (5)         (6)        (7)          (8)          (9)         (10)         (11)
Losses Were
  Incurred       1989        1990        1991        1992        1993        1994         1995         1996        1997       1998
------------------------------------------------------------------------------------------------------------------------------------
<S>            <C>          <C>         <C>         <C>         <C>         <C>          <C>         <C>         <C>          <C>
 1.  Prior     54,628       35,379      23,568      16,071      11,112       7,127        6,216       6,675       6,780        4,998
 2.  1989      38,132       24,234      16,024      11,451       8,506       6,589        5,465       4,024       3,035        2,531
 3.  1990      XXX          39,863      26,182      17,966      13,671       9,935        8,107       5,780       4,609        3,658
 4.  1991      XXX          XXX         34,420      25,773      18,745      14,270       12,104       9,247       7,694        5,936
 5.  1992      XXX          XXX         XXX         38,439      26,128      18,334       14,054      10,840       7,981        6,376
 6.  1993      XXX          XXX         XXX         XXX         39,236      24,199       18,552      13,585       9,852        7,366
 7.  1994      XXX          XXX         XXX         XXX         XXX         43,640       30,938      21,375      15,920       10,953
 8.  1995      XXX          XXX         XXX         XXX         XXX         XXX          52,032      35,285      23,200       16,326
 9.  1996      XXX          XXX         XXX         XXX         XXX         XXX          XXX         45,536      30,011       20,791
10.  1997      XXX          XXX         XXX         XXX         XXX         XXX          XXX         XXX         37,936       24,717
11.  1998      XXX          XXX         XXX         XXX         XXX         XXX          XXX         XXX         XXX          23,862
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>


                                       70

<PAGE>


 ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE
                               COMPANY (COMBINED)

                              SCHEDULE P - PART 1C

                     COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL

                                 ($000 Omitted)

<TABLE>
<CAPTION>
====================================================================================================================================
                         Premiums Earned                                   Loss and Loss Expense Payments
     (1)         -------------------------------------------------------------------------------------------------------------------
  Years in            (2)        (3)         (4)           Loss Payments             Allocated Loss              Unallocated Loss   
    Which                                                                            Expense Payments            Expense Payments   
  Premiums                                            ------------------------------------------------------------------------------
 Were Earned                                             (5)          (6)           (7)            (8)             (9)        (10)  
 and Losses          Direct                  Net      Direct And                 Direct And                    Direct And           
Were Incurred        Assumed    Ceded    (Cols. 2-3)    Assumed      Ceded         Assumed        Ceded          Assumed      Ceded
------------------------------------------------------------------------------------------------------------------------------------
<S>                    <C>          <C>         <C>          <C>              <C>         <C>         <C>          <C>         <C>
 1.  Prior             XXX          XXX         XXX           0               0           0           0            0           0
 2.  1989                0            0           0           0               0           0           0            0           0
 3.  1990                0            0           0           0               0           0           0            0           0
 4.  1991                0            0           0           0               0           0           0            0           0
 5.  1992                0            0           0           0               0           0           0            0           0
 6.  1993                0            0           0           0               0           0           0            0           0
 7.  1994                0            0           0           0               0           0           0            0           0
 8.  1995               36            3          33          13               5           2           1            0           0
 9.  1996                4            2           2           1               0           1           0            0           0
10.  1997                0            0           0           0               0           0           0            0           0
11.  1998                0            0           0           0               0           0           0            0           0
------------------------------------------------------------------------------------------------------------------------------------
12.  TOTALS            XXX          XXX         XXX          14               5           3           1            0           0
====================================================================================================================================

<CAPTION>
=======================================================================
     (1)                                                (13)
  Years in          ----------------------------
    Which                   (11)        (12)          Number of
  Premiums                             Total           Claims
 Were Earned            Salvage and   Paid (Cols.     Reported
 and Losses             Subrogation      5-6         Direct and
Were Incurred            Received      +7-8+9-10)     Assumed
-----------------------------------------------------------------------
<S>                        <C>           <C>            <C>
 1.  Prior                 0              0             XXX
 2.  1989                  0              0               0
 3.  1990                  0              0               0
 4.  1991                  0              0               0
 5.  1992                  0              0               0
 6.  1993                  0              0               0
 7.  1994                  0              0               0
 8.  1995                  0              9               3
 9.  1996                  0              2               1
10.  1997                  0              0               0
11.  1998                  0              0               0
-----------------------------------------------------------------------
12.  TOTALS                0             11             XXX
=======================================================================
</TABLE>

<TABLE>
<CAPTION>
====================================================================================================================================
                           Losses Unpaid                       Allocated Loss Expenses Unpaid       Unallocated Loss Expenses Unpaid
       -----------------------------------------------------------------------------------------------------------------------------
               Case Basis               Bulk + IBNR               Case Basis              Bulk + IBNR         (22)          (23)
       --------------------------------------------------------------------------------------------------
           (14)         (15)         (16)        (17)          (18)         (19)      (20)         (21)
       Direct and                 Direct and                Direct and              Direct and             Direct and
         Assumed       Ceded       Assumed      Ceded        Assumed       Ceded     Assumed       Ceded     Assumed        Ceded
------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>            <C>         <C>         <C>           <C>          <C>         <C>          <C>         <C>         <C>
 1.        0              0           0           0             0            0           0            0           0           0
 2.        0              0           0           0             0            0           0            0           0           0
 3.        0              0           0           0             0            0           0            0           0           0
 4.        0              0           0           0             0            0           0            0           0           0
 5.        0              0           0           0             0            0           0            0           0           0
 6.        0              0           0           0             0            0           0            0           0           0
 7.        0              0           0           0             0            0           0            0           0           0
 8.        0              0           0           0             0            0           0            0           0           0
 9.        0              0           0           0             0            0           0            0           0           0
10.        0              0           0           0             0            0           0            0           0           0
11.        0              0           0           0             0            0           0            0           0           0
------------------------------------------------------------------------------------------------------------------------------------
12.        0              0           0           0             0            0           0            0           0           0
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
===============================================
          (24)        (25)            (26)

                                    Number of
                     Total Net       Claims
       Salvage and  Losses and    Outstanding
       Subrogation   Expenses     Direct and
       Anticpated    Unpaid         Assumed
-----------------------------------------------
<S>           <C>         <C>         <C>
 1.           0           0           0
 2.           0           0           0
 3.           0           0           0
 4.           0           0           0
 5.           0           0           0
 6.           0           0           0
 7.           0           0           0
 8.           0           0           0
 9.           0           0           0
10.           0           0           0
11.           0           0           0
-----------------------------------------------
12.           0           0           0
-----------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
====================================================================================================================================
                                                 Losses and Loss Expenses Percentage        Nontabular            (35)
     Total Losses and Loss Expenses Incurred        (Incurred/Premiums Earned)               Discount
     ------------------------------------------------------------------------------------------------------
                                                                                                              Inter-Company
           (27)         (28)      (29)             (30)          (31)         (32)       (33)        (34)        Pooling
       Direct and                              Direct and                                            Loss      Participation
         Assumed       Ceded       Net           Assumed         Ceded         Net       Loss       Expense     Percentage
------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>          <C>         <C>            <C>             <C>         <C>           <C>          <C>       <C>
 1.        XXX          XXX         XXX            XXX             XXX         XXX           0            0         XXX
 2.          0            0           0              0.0             0.0         0.0         0            0           0.0
 3.          0            0           0              0.0             0.0         0.0         0            0           0.0
 4.          0            0           0              0.0             0.0         0.0         0            0           0.0
 5.          0            0           0              0.0             0.0         0.0         0            0           0.0
 6.          0            0           0              0.0             0.0         0.0         0            0           0.0
 7.          0            0           0              0.0             0.0         0.0         0            0           0.0
 8.         15            6           9             41.7           200.0        27.3         0            0         100.0
 9.          2            0           2             50.0             0.0       100.0         0            0         100.0
10.          0            0           0              0.0             0.0         0.0         0            0           0.0
11.          0            0           0              0.0             0.0         0.0         0            0           0.0
------------------------------------------------------------------------------------------------------------------------------------
12.        XXX          XXX         XXX            XXX             XXX         XXX           0            0         XXX
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
==============================
          Net Balance Sheet
       Reserves After Discount
     -------------------------
       (36)         (37)

      Losses    Loss Expenses
      Unpaid        Unpaid
------------------------------
<S>      <C>          <C>
 1.      0            0
 2.      0            0
 3.      0            0
 4.      0            0
 5.      0            0
 6.      0            0
 7.      0            0
 8.      0            0
 9.      0            0
10.      0            0
11.      0            0
------------------------------
12.      0            0
------------------------------
</TABLE>

<PAGE>


 ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE
                               COMPANY (COMBINED)

                    SCHEDULE P - PART 1G - SPECIAL LIABILITY
                     (OCEAN, MARINE, AIRCRAFT (ALL PERILS),
                              BOILER AND MACHINERY)

                                 ($000 Omitted)

<TABLE>
<CAPTION>
====================================================================================================================================
     (1)                    Premiums Earned                                    Losses and Loss Expense Payments
  Years in          ----------------------------------------------------------------------------------------------------------------
    Which             (2)           (3)         (4)             LOSS PAYMENTS       ALLOCATED LOSS EXPENSE PAYMENTS UNALLOCATED LOSS
  Premiums                                               ---------------------------------------------------------------------------
 Were Earned                                                (5)            (6)        (7)            (8)          (9)          (10)
 and Losses        Direct and                  Net       Direct and                Direct and                 Direct and
Were Incurred        Assumed       Ceded    (Cols. 2-3)    Assumed        Ceded      Assumed        Ceded       Assumed        Ceded
------------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>          <C>        <C>         <C>             <C>          <C>           <C>         <C>           <C>
 1.  Prior           XXX          XXX        XXX             448            341         102            (6)         38           0
 2.  1989             90,050      50,496     39,554      122,767         94,530       6,028         2,716         233           6
 3.  1990             83,386      54,096     29,290       69,242         49,744       3,445         1,355         189           0
 4.  1991            105,852      76,884     28,968       51,406         37,883       3,187         1,748         167           2
 5.  1992            102,056      72,237     29,819       50,997         34,733       2,268           982         175           7
 6.  1993            112,791      71,326     41,465       48,812         26,245       2,050           898       1,455           4
 7.  1994            131,909      69,343     62,566       55,600         31,193       1,526           563       1,996          20
 8.  1995            161,865      78,258     83,607       41,474         21,065       1,606           413       2,046           5
 9.  1996            154,620      66,721     87,899       52,533         21,468       2,241         1,410       2,261          62
10.  1997            129,376      46,826     82,550       57,884         30,664         389           (21)      2,163         185
11.  1998            107,915      60,530     47,385       22,989         15,631         103          (120)        229         150
------------------------------------------------------------------------------------------------------------------------------------
12.  TOTALS          XXX          XXX        XXX         574,152        363,497      22,945         9,938      10,952         441
====================================================================================================================================

<CAPTION>
==========================================================
     (1)                                          (13)
  Years in        
    Which             (11)        (12)          Number of
  Premiums                        Total           Claims
 Were Earned       Salvage and  Net Paid         Reported
 and Losses        Subrogation  (Cols.5-6       Direct and
Were Incurred      Received     +7-8+9-10)       Assumed
----------------------------------------------------------
<S>                 <C>         <C>                <C>
 1.  Prior             152          253            XXX
 2.  1989            1,694       31,776            XXX
 3.  1990            1,383       21,777            XXX
 4.  1991            1,532       15,127            XXX
 5.  1992              643       17,718            XXX
 6.  1993              673       25,170            XXX
 7.  1994            2,112       27,346            XXX
 8.  1995            1,109       23,643            XXX
 9.  1996              946       34,095            XXX
10.  1997              429       29,608            XXX
11.  1998              128        7,660            XXX
----------------------------------------------------------
12.  TOTALS         10,801      234,173            XXX
==========================================================
</TABLE>

<TABLE>
<CAPTION>
====================================================================================================================================
                           Losses Unpaid                       Allocated Loss Expenses Unpaid       Unallocated Loss Expenses Unpaid
       -----------------------------------------------------------------------------------------------------------------------------
               Case Basis               Bulk + IBNR               Case Basis              Bulk + IBNR         (22)          (23)
       --------------------------------------------------------------------------------------------------
           (14)         (15)         (16)        (17)          (18)         (19)      (20)         (21)
       Direct and                 Direct and                Direct and              Direct and             Direct and
         Assumed       Ceded       Assumed      Ceded        Assumed       Ceded     Assumed       Ceded     Assumed        Ceded
------------------------------------------------------------------------------------------------------------------------------------
<S>     <C>           <C>         <C>           <C>            <C>          <C>       <C>          <C>         <C>            <C>
 1.       4,314       1,795           893           22         0            0            167           5         608          0
 2.       1,937         608           651          203         0            0             83           2         167          0
 3.       5,019       3,009           867          304         0            0            157           5          72          0
 4.       3,161       2,789         1,250          346         0            0            220           7          79          0
 5.       2,967       2,146         2,054          645         0            0            529          20         106          0
 6.       1,761         351         3,698        1,067         0            0            567          34         170          0
 7.      17,276      14,112         8,213        2,615         0            0          1,415          89         251          0
 8.       8,094       5,471        15,000        4,973         0            0          2,591         174         352          0
 9.       9,819       5,762        20,380        6,159         0            0          3,323         213         718          0
10.      29,864      24,846        28,262       11,001         0            0          4,920         670         954          0
11.      51,297      38,716        25,394        8,178         0            0          3,920         346         943          0
------------------------------------------------------------------------------------------------------------------------------------
12.     135,509      99,605       106,662       35,513         0            0         17,892       1,565       4,420          0
====================================================================================================================================

<CAPTION>
==============================================
          (24)        (25)            (26)

                                  Number of
                     Total Net      Claims
       Salvage and  Losses and    Outstanding
       Subrogation   Expenses     Direct and
       Anticpated    Unpaid         Assumed
----------------------------------------------
<S>     <C>          <C>            <C>
 1.       176          4,160          500
 2.       100          2,025          138
 3.       145          2,797           60
 4.        67          1,568           67
 5.       111          2,845           90
 6.       218          4,744          144
 7.       470         10,339          212
 8.       635         15,419          295
 9.       910         22,106          596
10.     1,125         27,483          792
11.     1,646         34,314          775
----------------------------------------------
12.     5,603        127,800        3,669
==============================================
</TABLE>

<TABLE>
<CAPTION>
====================================================================================================================================
                                                 Loss and Loss Expenses Percentage          Nontabular            (35)
     Total Losses and Loss Expenses Incurred        (Incurred/Premiums Earned)               Discount
      -----------------------------------------------------------------------------------------------------
                                                                                                              Inter-Company
           (27)         (28)      (29)             (30)          (31)         (32)       (33)        (34)        Pooling
       Direct and                              Direct and                                            Loss      Participation
         Assumed       Ceded       Net           Assumed         Ceded         Net       Loss       Expense     Percentage
------------------------------------------------------------------------------------------------------------------------------------
<S>     <C>           <C>         <C>             <C>             <C>          <C>        <C>         <C>         <C>
 1.     XXX           XXX         XXX             XXX             XXX          XXX        0           0           XXX
 2.     131,866       98,065      33,801          146.4           194.2        85.5       0           0            58.9
 3.      78,991       54,417      24,574           94.7           100.6        83.9       0           0            66.9
 4.      59,470       42,775      16,695           56.2            55.6        57.6       0           0            69.7
 5.      59,096       38,533      20,563           57.9            53.3        69.0       0           0            71.5
 6.      58,513       28,599      29,914           51.9            40.1        72.1       0           0            76.5
 7.      86,277       48,592      37,685           65.4            70.1        60.2       0           0            85.7
 8.      71,163       32,101      39,062           44.0            41.0        46.7       0           0            90.0
 9.      91,275       35,074      56,201           59.0            52.6        63.9       0           0            90.0
10.     124,436       67,345      57,091           96.2           143.8        69.2       0           0           100.0
11.     104,875       62,901      41,974           97.2           103.9        88.6       0           0           100.0
------------------------------------------------------------------------------------------------------------------------------------
12.     XXX           XXX         XXX             XXX             XXX          XXX        0           0           XXX
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
==============================
          Net Balance Sheet
       Reserves After Discount
     -------------------------
       (36)         (37)

      Losses    Loss Expenses
      Unpaid        Unpaid
------------------------------
<S>    <C>          <C>
 1.      3,390         770
 2.      1,777         248
 3.      2,573         224
 4.      1,276         292
 5.      2,230         615
 6.      4,041         703
 7.      8,762       1,577
 8.     12,650       2,769
 9.     18,278       3,828
10.     22,279       5,204
11.     29,797       4,517
------------------------------
12.    107,053      20,747
==============================
</TABLE>

<PAGE>


 ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE
                               COMPANY (COMBINED)

                        SCHEDULE P - PART 1H - SECTION 1

                          OTHER LIABILITY - OCCURRENCE

                                 ($000 Omitted)

<TABLE>
<CAPTION>
==============================================================================================================================
     (1)                    Premiums Earned                                Loss and Expense Payments
  Years in          ----------------------------------------------------------------------------------------------------------
    Which             (2)           (3)         (4)         Loss Payments   Allocated Loss Expense Payments  Unallocated Loss
  Premiums                                               ---------------------------------------------------------------------
 Were Earned                                                (5)            (6)        (7)            (8)          (9)
 and Losses        Direct and                   Net       Direct and                Direct and                 Direct and
Were Incurred        Assumed       Ceded    (Cols. 2-3)    Assumed        Ceded      Assumed        Ceded       Assumed
------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>          <C>         <C>         <C>             <C>         <C>          <C>            <C>
 1.  Prior           XXX          XXX         XXX          2,394             848         916         295           11
 2.  1989            30,497       14,177      16,320      14,019           6,411       5,105       1,483           13
 3.  1990            29,819       10,899      18,920      15,110           5,614       6,626       1,818           17
 4.  1991            25,877        5,962      19,915      15,760           3,218       6,051         832           31
 5.  1992            17,471        2,251      15,220       6,322             401       2,302          95           17
 6.  1993            12,003        1,329      10,674       5,301             440       1,964         137           82
 7.  1994             7,739          857       6,882       2,628             111       1,226          90          125
 8.  1995             4,517          224       4,293       1,578               4         480          10           21
 9.  1996             3,305           92       3,213         289               0          68          (9)          21
10.  1997             2,053           36       2,017         123               0           8          (8)          38
11.  1998             1,733           12       1,721          25               0           3          (5)           6
------------------------------------------------------------------------------------------------------------------------------
12.  TOTALS          XXX          XXX         XXX         63,549          17,047      24,749       4,738          382
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
=================================================================================
     (1)                                                                (13)
  Years in        -------------------
    Which          EXPENSE PAYMENTS   (11)            (12)          Number of
  Premiums        -------------------                 Total           Claims
 Were Earned         (10)             Salvage and    Net Paid        Reported
 and Losses                           Subrogation    (Cols.5-6      Direct and
Were Incurred        Ceded            Received       +7-8+9-10)       Assumed
---------------------------------------------------------------------------------
<S>                   <C>               <C>          <C>               <C>
 1.  Prior              7                  16         2,171            XXX
 2.  1989               9                 335        11,234            781
 3.  1990              12                 284        14,309            796
 4.  1991              26                 297        17,766            811
 5.  1992              13                 192         8,132            535
 6.  1993              24                 171         6,746            313
 7.  1994              12                  40         3,766            228
 8.  1995               8                  16         2,057            108
 9.  1996               9                  53           378             76
10.  1997               8                  12           169             38
11.  1998               6                   0            33             42
---------------------------------------------------------------------------------
12.  TOTALS           134               1,416        66,761            XXX
---------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
====================================================================================================================================
                           Losses Unpaid                       Allocated Loss Expenses Unpaid       Unallocated Loss Expenses Unpaid
       -----------------------------------------------------------------------------------------------------------------------------
               Case Basis               Bulk + IBNR               Case Basis              Bulk + IBNR         (22)          (23)
       --------------------------------------------------------------------------------------------------
           (14)         (15)         (16)        (17)          (18)         (19)      (20)         (21)
       Direct and                 Direct and                Direct and              Direct and             Direct and
         Assumed       Ceded       Assumed      Ceded        Assumed       Ceded     Assumed       Ceded     Assumed        Ceded
------------------------------------------------------------------------------------------------------------------------------------
<S>      <C>           <C>          <C>          <C>              <C>         <C>     <C>          <C>         <C>             <C>
 1.      13,929        8,800         4,723         967            0           0         532          357         961           0
 2.         475          170         1,427         263            0           0         387          271          52           0
 3.       1,216          391         2,366         522            0           0         554          389          50           0
 4.       1,555          328         4,649       1,196            0           0         617          433          69           0
 5.       2,350          201         4,315       1,279            0           0         505          244          64           0
 6.       2,497          212         3,540       1,000            0           0         559          160          97           0
 7.       2,819          192         2,765         692            0           0         652          170          76           0
 8.       1,457           17         2,465         607            0           0         293           67          42           0
 9.         631            0         2,043         496            0           0         344           79          37           0
10.         307            0         1,506         155            0           0         559          128          21           0
11.         467            0         1,443         152            0           0         420           99          36           0
------------------------------------------------------------------------------------------------------------------------------------
12.      27,703       10,311        31,244       7,329            0           0       5,422        2,397       1,505           0
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
===============================================
          (24)        (25)            (26)

                                    Number of
                     Total Net       Claims
       Salvage and  Losses and    Outstanding
       Subrogation   Expenses     Direct and
       Anticpated    Unpaid         Assumed
-----------------------------------------------
<S>       <C>         <C>          <C>
 1.        85         10,021         724
 2.        15          1,637          39
 3.        29          2,884          38
 4.        52          4,933          52
 5.        59          5,510          48
 6.        55          5,321          73
 7.        54          5,258          57
 8.        38          3,566          32
 9.        25          2,480          28
10.        19          2,112          16
11.        20          2,115          27
-----------------------------------------------
12.       451         45,837       1,134
-----------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
==============================================================================================================================
                                                 Loss and Loss Expenses Percentage          Nontabular            (35)
     Total Losses and Loss Expenses Incurred        (Incurred/Premiums Earned)               Discount
      -----------------------------------------------------------------------------------------------------
                                                                                                              Inter-Company
           (27)         (28)      (29)             (30)          (31)         (32)       (33)        (34)        Pooling
       Direct and                              Direct and                                            Loss      Participation
         Assumed       Ceded       Net           Assumed         Ceded         Net       Loss       Expense     Percentage
------------------------------------------------------------------------------------------------------------------------------
<S>        <C>           <C>        <C>            <C>        <C>           <C>           <C>          <C>       <C>
 1.        XXX           XXX        XXX            XXX        XXX           XXX           0            0         XXX
 2.        21,478        8,607      12,871          70.4         60.7        78.9         0            0          58.7
 3.        25,939        8,746      17,193          87.0         80.2        90.9         0            0          66.9
 4.        28,732        6,033      22,699         111.0        101.2       114.0         0            0          89.7
 5.        15,875        2,233      13,642          90.9         99.2        89.6         0            0          91.5
 6.        14,040        1,973      12,067         117.0        148.5       113.1         0            0          91.5
 7.        10,291        1,267       9,024         133.0        147.8       131.1         0            0          95.7
 8.         6,336          713       5,623         140.3        318.3       131.0         0            0         100.0
 9.         3,433          575       2,858         103.9        625.0        89.0         0            0         100.0
10.         2,564          283       2,281         124.9        786.1       113.1         0            0         100.0
11.         2,400          252       2,148         138.5      2,100.0       124.8         0            0         100.0
------------------------------------------------------------------------------------------------------------------------------
12.        XXX           XXX        XXX            XXX        XXX           XXX           0            0         XXX
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
=====================================
                Net Balance Sheet
             Reserves After Discount
           -------------------------
             (36)         (37)

            Losses    Loss Expenses
            Unpaid        Unpaid
-------------------------------------
<S>         <C>           <C>
 1.          8,885        1,136
 2.          1,469          168
 3.          2,669          215
 4.          4,680          253
 5.          5,185          325
 6.          4,825          496
 7.          4,700          558
 8.          3,298          268
 9.          2,178          302
10.          1,660          452
11.          1,758          357
-------------------------------------
12.         41,307        4,530
-------------------------------------
</TABLE>

<PAGE>


 ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE
                               COMPANY (COMBINED)

                        SCHEDULE P - PART 1H - SECTION 2
                          OTHER LIABILTY - CLAIMS-MADE

                                 ($000 Omitted)

<TABLE>
<CAPTION>
====================================================================================================================================
     (1)                    Premiums Earned                                Loss and Loss Expense Payments
  Years in          ----------------------------------------------------------------------------------------------------------------
    Which             (2)           (3)         (4)         Loss Payments   Allocated Loss Expense Payments Unallocated Loss Expense
  Premiums                                               ---------------------------------------------------------------------------
 Were Earned                                                (5)            (6)        (7)            (8)          (9)          (10)
 and Losses        Direct and                   Net       Directand                Direct and                 Direct and
Were Incurred        Assumed       Ceded    (Cols. 2-3)    Assumed        Ceded      Assumed        Ceded       Assumed        Ceded
------------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>             <C>         <C>         <C>           <C>         <C>             <C>         <C>           <C>
 1.  Prior          XXX             XXX         XXX             35           16          11               4         1           0
 2.  1989           16,090          6,692       9,398        1,843          654       3,710           2,076         5           0
 3.  1990           15,300          5,893       9,407        3,019          956       1,965             834         7           0
 4.  1991           12,415          3,201       9,214        2,503          317         785             208         5           0
 5.  1992            8,205            993       7,212          718           71         557              54         3           0
 6.  1993            6,218            422       5,796        1,031           92         395              35        26           0
 7.  1994            4,583            262       4,321        1,495          128         648              54        20           0
 8.  1995            3,933            204       3,729           84            7          96               1        20           0
 9.  1996            3,194             52       3,142           74            0         164               0        11           0
10.  1997            2,347             36       2,311           37            0         101               3        32           0
11.  1998            1,799            127       1,672            0            0           0               0         0           0
------------------------------------------------------------------------------------------------------------------------------------
12.  TOTALS          XXX            XXX         XXX         10,839        2,241       8,432           3,269       130           0
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
========================================================================
     (1)                                                         (13)
  Years in         -----------
    Which           Payments    (11)            (12)          Number of
  Premiums         -----------                 Total           Claims
 Were Earned                   Salvage and    Net Paid        Reported
 and Losses                    Subrogation    (Cols.5-6      Direct and
Were Incurred                  Received       +7-8+9-10)       Assumed
------------------------------------------------------------------------
<S>  <C>                         <C>            <C>              <C>
 1.  Prior                           4              27           XXX
 2.  1989                            2           2,828           112
 3.  1990                          701           3,201           154
 4.  1991                          200           2,768           113
 5.  1992                            5           1,153            71
 6.  1993                           72           1,325            59
 7.  1994                          173           1,981            41
 8.  1995                           44             192            50
 9.  1996                            5             249            27
10.  1997                            7             167            28
11.  1998                            0               0             2
------------------------------------------------------------------------
12.  TOTALS                      1,213          13,891           XXX
------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
====================================================================================================================================
                           Losses Unpaid                       Allocated Loss Expenses Unpaid       Unallocated Loss Expenses Unpaid
       -----------------------------------------------------------------------------------------------------------------------------
               Case Basis               Bulk + IBNR               Case Basis              Bulk + IBNR         (22)          (23)
       --------------------------------------------------------------------------------------------------
           (14)         (15)         (16)        (17)          (18)         (19)      (20)         (21)
       Direct and                 Direct and                Direct and              Direct and             Direct and
         Assumed       Ceded       Assumed      Ceded        Assumed       Ceded     Assumed       Ceded     Assumed        Ceded
------------------------------------------------------------------------------------------------------------------------------------
<S>       <C>           <C>         <C>          <C>           <C>          <C>      <C>            <C>        <C>           <C>
 1.       2,898         1,329          26         17           0            0            0           0         153           0
 2.         135            51         432          8           0            0           30           6          34           0
 3.          55            15         641         10           0            0           32           0          23           0
 4.         540            49         995          7           0            0           49           2          17           0
 5.          16             1         956          8           0            0          106           8          23           0
 6.         146            12         948         13           0            0           96           9          45           0
 7.         166            14         989         12           0            0           66           6          51           0
 8.         108             2       1,061         13           0            0          166          12          40           0
 9.         285             1       1,119         15           0            0          181          15          57           0
10.         210             4       1,079         14           0            0          226          20          85           0
11.         101             2       1,162         17           0            0          192          20           5           0
------------------------------------------------------------------------------------------------------------------------------------
12.       4,660         1,480       9,408        134           0            0        1,144          98         533           0
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
===============================================
          (24)        (25)            (26)

                                    Number of
                     Total Net       Claims
       Salvage and  Losses and    Outstanding
       Subrogation   Expenses     Direct and
       Anticpated    Unpaid         Assumed
-----------------------------------------------
<S>         <C>      <C>              <C>
 1.          16       1,731           20
 2.           5         566            6
 3.           6         726            4
 4.          16       1,543            3
 5.           9       1,084            4
 6.          11       1,201            8
 7.          12       1,240            9
 8.          12       1,348            7
 9.          14       1,611           10
10.          13       1,562           15
11.          13       1,421            1
-----------------------------------------------
12.         127      14,033           87
-----------------------------------------------
</TABLE>


<TABLE>
<CAPTION>
====================================================================================================================================
                                                 Loss and Loss Expenses Percentage          Nontabular            (35)
     Total Losses and Loss Expenses Incurred        (Incurred/Premiums Earned)               Discount
      -----------------------------------------------------------------------------------------------------
                                                                                                              Inter-Company
           (27)         (28)      (29)             (30)          (31)         (32)       (33)        (34)        Pooling
       Direct and                              Direct and                                            Loss      Participation
         Assumed       Ceded       Net           Assumed         Ceded         Net       Loss       Expense     Percentage
------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>         <C>         <C>             <C>             <C>        <C>         <C>         <C>        <C>
 1.        XXX         XXX         XXX             XXX            XXX         XXX         0           0          XXX
 2.        6,189       2,795       3,394            38.5           41.8        36.1       0           0           58.9
 3.        5,742       1,815       3,927            37.5           30.8        41.7       0           0           66.9
 4.        4,894         583       4,311            39.4           18.2        46.8       0           0           89.7
 5.        2,379         142       2,237            29.0           14.3        31.0       0           0           91.5
 6.        2,687         161       2,526            43.2           38.2        43.6       0           0           91.5
 7.        3,435         214       3,221            75.0           81.7        74.5       0           0           95.7
 8.        1,575          35       1,540            40.0           17.2        41.3       0           0          100.0
 9.        1,891          31       1,860            59.2           59.6        59.2       0           0          100.0
10.        1,710          41       1,729            75.4          113.9        74.8       0           0          100.0
11.        1,460          39       1,421            81.2           30.7        85.0       0           0          100.0
------------------------------------------------------------------------------------------------------------------------------------
12.        XXX         XXX         XXX             XXX            XXX         XXX         0           0          XXX
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
==============================
          NET BALANCE SHEET
       RESERVES AFTER DISCOUNT
     -------------------------
       (36)         (37)

      Losses    Loss Expenses
      Unpaid        Unpaid
------------------------------
<S>     <C>          <C>
 1.      1,578         153
 2.        508          58
 3.        671          55
 4.      1,479          64
 5.        963         121
 6.      1,069         132
 7.      1,129         111
 8.      1,154         194
 9.      1,388         223
10.      1,271         291
11.      1,244         177
------------------------------
12.     12,454       1,579
------------------------------
</TABLE>

<PAGE>


      ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL
                          INSURANCE COMPANY (COMBINED)

              SCHEDULE P - PART 1I - SPECIAL PROPERTY (FIRE, ALLIED
               LINES, INLAND MARINE, EARTHQUAKE, BURGLARY & THEFT)

                                 ($000 omitted)

<TABLE>
<CAPTION>
====================================================================================================================================
                         Premiums Earned                                   Loss and Loss Expense Payments
     (1)         -------------------------------------------------------------------------------------------------------------------
  Years in            (2)        (3)         (4)           Loss Payments             Allocated Loss              Unallocated Loss   
    Which                                                                            Expense Payments            Expense Payments   
  Premiums                                            ------------------------------------------------------------------------------
 Were Earned                                             (5)          (6)           (7)            (8)             (9)        (10)  
 and Losses          Direct                  Net      Direct And                 Direct And                    Direct And           
Were Incurred        Assumed    Ceded    (Cols. 2-3)    Assumed      Ceded         Assumed        Ceded          Assumed      Ceded
------------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>           <C>           <C>         <C>           <C>         <C>          <C>          <C>          <C>
1. Prior             XXX           XXX           XXX         3,339         3,059       295          272           0           (9)
2. 1997              1,594           979          615           19            (1)       18           (1)         25            3
3. 1998              1,144         1,539         (395)          18             9         0            0           2            1
------------------------------------------------------------------------------------------------------------------------------------
4. TOTALS            XXX           XXX           XXX         3,376         3,067       313          271          27           (5)
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
===================================================================
     (1)                                            (13)
  Years in        --------------------------
    Which               (11)        (12)          Number of
  Premiums                         Total           Claims
 Were Earned        Salvage and  Paid (Cols.      Reported
 and Losses         Subrogation   5-6+7-8        Direct and
Were Incurred        Received      -9-10)         Assumed
-------------------------------------------------------------------
<S>                     <C>          <C>             <C>
1. Prior                194          312             XXX
2. 1997                   5           61             XXX
3. 1998                   2           10             XXX
-------------------------------------------------------------------
4. TOTALS               201          383             XXX
-------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
====================================================================================================================================
                           Losses Unpaid                       Allocated Loss Expenses Unpaid       Unallocated Loss Expenses Unpaid
       -----------------------------------------------------------------------------------------------------------------------------
               Case Basis               Bulk + IBNR               Case Basis              Bulk + IBNR         (22)          (23)
       --------------------------------------------------------------------------------------------------
           (14)         (15)         (16)        (17)          (18)         (19)      (20)         (21)
       Direct and                 Direct and                Direct and              Direct and             Direct and
         Assumed       Ceded       Assumed      Ceded        Assumed       Ceded     Assumed       Ceded     Assumed        Ceded
------------------------------------------------------------------------------------------------------------------------------------
<S>      <C>           <C>           <C>         <C>               <C>         <C>     <C>          <C>        <C>            <C>
1.        12,536       9,600       4,753          2,923            0           0       1,212        558        170            0
2.           232         122         200             75            0           0          39         13          1            0
3.            28          14         133             46            0           0          80         24          1            0
------------------------------------------------------------------------------------------------------------------------------------
4.        12,796       9,736       5,086          3,044            0           0       1,331        595        172            0
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
==============================================
         (24)        (25)            (26)

                                   Number of
                    Total Net       Claims
      Salvage and  Losses and    Outstanding
      Subrogation   Expenses     Direct and
      Anticpated     Unpaid         Assumed
----------------------------------------------
<S>      <C>       <C>              <C>
1.       166       5,590            661
2.         8         262              3
3.         3         158              5
----------------------------------------------
4.       177       6,010            669
-----------------------------------------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
====================================================================================================================================
                                                 Loss and Loss Expenses Percentage          Nontabular            (35)
     Total Losses and Loss Expenses Incurred        (Incurred/Premiums Earned)               Discount
      -----------------------------------------------------------------------------------------------------
                                                                                                              Inter-Company
           (27)         (28)      (29)             (30)          (31)         (32)       (33)        (34)        Pooling
       Direct and                              Direct and                                            Loss      Participation
         Assumed       Ceded       Net           Assumed         Ceded         Net       Loss       Expense     Percentage
------------------------------------------------------------------------------------------------------------------------------------
<S>     <C>            <C>         <C>            <C>             <C>           <C>         <C>        <C>     <C>
1.      XXX            XXX         XXX            XXX             XXX          XXX          0          0       XXX
2.      534            211         323            33.5            21.6          52.5        0          0       100.0
3.      262             94         168            22.9             6.1         (42.5)       0          0       100.0
------------------------------------------------------------------------------------------------------------------------------------
4.      XXX            XXX         XXX            XXX             XXX          XXX          0          0       XXX
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
==============================
          Net Balance Sheet
       Reserves After Discount
     -------------------------
       (36)         (37)

      Losses    Loss Expenses
      Unpaid        Unpaid
------------------------------
<S>   <C>            <C>
1.    4,766          824
2.      235           27
3.      101           57
------------------------------
4.    5,102          908
------------------------------
</TABLE>


                                       81

<PAGE>


      ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL
                          INSURANCE COMPANY (COMBINED)

                   SCHEDULE P - PART 1J - AUTO PHYSICAL DAMAGE

                                 ($000 omitted)

<TABLE>
<CAPTION>
====================================================================================================================================
                            Premiums Earned                                 Loss and Loss Expense Payments
     (1)            ----------------------------------------------------------------------------------------------------------------
  Years in                                                                             Allocated Loss             Unallocated Loss
    Which             (2)           (3)         (4)           Loss Payments           Expense Payments            Expense Payments
  Premiums                                               ---------------------------------------------------------------------------
 Were Earned                                                (5)            (6)        (7)            (8)          (9)          (10)
 and Losses        Direct and                  Net       Direct and                Direct and                 Direct and
Were Incurred        Assumed       Ceded    (Cols. 2-3)    Assumed        Ceded      Assumed        Ceded       Assumed        Ceded
------------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>           <C>          <C>            <C>             <C>          <C>          <C>         <C>         <C>
1. Prior             XXX           XXX          XXX            0               0            0            0           0           0
2. 1997                0             0            0            0               0            0            0           0           0
3. 1998                0             0            0            0               0            0            0           0           0
------------------------------------------------------------------------------------------------------------------------------------
4. TOTALS            XXX           XXX          XXX            0               0            0            0           0           0
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
===================================================================
     (1)                                            (13)
  Years in        --------------------------
    Which               (11)        (12)          Number of
  Premiums                         Total           Claims
 Were Earned        Salvage and  Paid (Cols.      Reported
 and Losses         Subrogation   5-6+7-8        Direct and
Were Incurred        Received      -9-10)         Assumed
-------------------------------------------------------------------
<S>                         <C>      <C>               <C>
1. Prior                    0        0                 XXX
2. 1997                     0        0                   0
3. 1998                     0        0                   0
-------------------------------------------------------------------
4. TOTALS                   0        0                 XXX
-------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
====================================================================================================================================
                           Losses Unpaid                       Allocated Loss Expenses Unpaid       Unallocated Loss Expenses Unpaid
       -----------------------------------------------------------------------------------------------------------------------------
               Case Basis               Bulk + IBNR               Case Basis              Bulk + IBNR         (22)          (23)
       --------------------------------------------------------------------------------------------------
           (14)         (15)         (16)        (17)          (18)         (19)      (20)         (21)
       Direct and                 Direct and                Direct and              Direct and             Direct and
         Assumed       Ceded       Assumed      Ceded        Assumed       Ceded     Assumed       Ceded     Assumed        Ceded
------------------------------------------------------------------------------------------------------------------------------------
<S>      <C>           <C>           <C>         <C>               <C>         <C>       <C>         <C>         <C>            <C>
1.       0             0             0           0                 0           0         0           0           0              0
2.       0             0             0           0                 0           0         0           0           0              0
3.       0             0             0           0                 0           0         0           0           0              0
------------------------------------------------------------------------------------------------------------------------------------
4.       0             0             0           0                 0           0         0           0           0              0
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
==============================================
         (24)        (25)            (26)

                                   Number of
                    Total Net       Claims
      Salvage and  Losses and    Outstanding
      Subrogation   Expenses     Direct and
      Anticpated     Unpaid         Assumed
----------------------------------------------
<S>         <C>       <C>              <C>
1.          0         0                0
2.          0         0                0
3.          0         0                0
----------------------------------------------
4.          0         0                0
-----------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
====================================================================================================================================
                                                 Loss and Loss Expenses Percentage          Nontabular            (35)
     Total Losses and Loss Expenses Incurred        (Incurred/Premiums Earned)               Discount
      -----------------------------------------------------------------------------------------------------
                                                                                                              Inter-Company
           (27)         (28)      (29)             (30)          (31)         (32)       (33)        (34)        Pooling
       Direct and                              Direct and                                            Loss      Participation
         Assumed       Ceded       Net           Assumed         Ceded         Net       Loss       Expense     Percentage
------------------------------------------------------------------------------------------------------------------------------------
<S>     <C>          <C>         <C>            <C>             <C>           <C>          <C>         <C>          <C>
1.      XXX          XXX         XXX            XXX             XXX           XXX          0           0            XXX
2.        0            0           0              0.0             0.0           0.0        0           0            0.0
3.        0            0           0              0.0             0.0           0.0        0           0            0.0
------------------------------------------------------------------------------------------------------------------------------------
4.      XXX          XXX         XXX            XXX             XXX           XXX          0           0            XXX
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
==============================
          Net Balance Sheet
       Reserves After Discount
     -------------------------
       (36)         (37)

      Losses    Loss Expenses
      Unpaid        Unpaid
------------------------------
<S>   <C>            <C>
1.    0              0
2.    0              0
3.    0              0
------------------------------
4.    0              0
------------------------------
</TABLE>


                                       82

<PAGE>

      ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL
                          INSURANCE COMPANY (COMBINED)

                      SCHEDULE P - PART 1N - REINSURANCE A

                 Nonproportional Assumed Property ($000 omitted)


<TABLE>
<CAPTION>
====================================================================================================================================
                         Premiums Earned                                   Loss and Loss Expense Payments
     (1)         -------------------------------------------------------------------------------------------------------------------
  Years in            (2)        (3)         (4)           Loss Payments             Allocated Loss              Unallocated Loss   
    Which                                                                            Expense Payments            Expense Payments   
  Premiums                                            ------------------------------------------------------------------------------
 Were Earned                                             (5)          (6)           (7)            (8)             (9)        (10)  
 and Losses          Direct                  Net      Direct And                 Direct And                    Direct And           
Were Incurred        Assumed    Ceded    (Cols. 2-3)    Assumed      Ceded         Assumed        Ceded          Assumed      Ceded
------------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>          <C>         <C>           <C>             <C>         <C>         <C>          <C>        <C>
 1.  Prior           XXX          XXX         XXX             0             0           0           0            0           0
 2.  1989              0            0           0             0             0           0           0            0           0
 3.  1990              0            0           0             0             0           0           0            0           0
 4.  1991              0            0           0             0             0           0           0            0           0
 5.  1992              0            0           0             0             0           0           0            0           0
 6.  1993              0            0           0             0             0           0           0            0           0
 7.  1994             25            0          25           143             0           0           0            4           0
 8.  1995            110            1         109             0             0           0           0            0           0
 9.  1996            282            2         280             0             0           0           0            0          (1)
10.  1997             44            0          44             0             0           0           0            0           0
11.  1998            237           (1)        238             0             0           0           0            0           0
------------------------------------------------------------------------------------------------------------------------------------
12.  TOTALS          XXX          XXX         XXX           143             0           0           0            4          (1)
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
=======================================================================
     (1)                                                (13)
  Years in          ----------------------------
    Which                   (11)        (12)          Number of
  Premiums                             Total           Claims
 Were Earned            Salvage and   Paid (Cols.     Reported
 and Losses             Subrogation      5-6         Direct and
Were Incurred            Received      +7-8+9-10)     Assumed
-----------------------------------------------------------------------
<S>                        <C>          <C>             <C>
 1.  Prior                 0              0             XXX
 2.  1989                  0              0             XXX
 3.  1990                  0              0             XXX
 4.  1991                  0              0             XXX
 5.  1992                  0              0             XXX
 6.  1993                  0              0             XXX
 7.  1994                  0            147             XXX
 8.  1995                  0              0             XXX
 9.  1996                  0              1             XXX
10.  1997                  0              0             XXX
11.  1998                  0              0             XXX
-----------------------------------------------------------------------
12.  TOTALS                0            148             XXX
-----------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
====================================================================================================================================
                           Losses Unpaid                       Allocated Loss Expenses Unpaid       Unallocated Loss Expenses Unpaid
       -----------------------------------------------------------------------------------------------------------------------------
               Case Basis               Bulk + IBNR               Case Basis              Bulk + IBNR         (22)          (23)
       --------------------------------------------------------------------------------------------------
           (14)         (15)         (16)        (17)          (18)         (19)      (20)         (21)
       Direct and                 Direct and                Direct and              Direct and             Direct and
         Assumed       Ceded       Assumed      Ceded        Assumed       Ceded     Assumed       Ceded     Assumed        Ceded
------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>            <C>         <C>         <C>           <C>          <C>         <C>          <C>         <C>         <C>
 1.        0              0           0           0             0            0           0            0           0           0
 2.        0              0           0           0             0            0           0            0           0           0
 3.        0              0           0           0             0            0           0            0           0           0
 4.        0              0           0           0             0            0           0            0           0           0
 5.        0              0           0           0             0            0           0            0           0           0
 6.        0              0           0           0             0            0           0            0           0           0
 7.        0              0           0           0             0            0           0            0           0           0
 8.        0              0           0           0             0            0           0            0           0           0
 9.        0              0           0           0             0            0           0            0           0           0
10.        0              0           0           0             0            0           0            0           0           0
11.        0              0           0           0             0            0           0            0           0           0
------------------------------------------------------------------------------------------------------------------------------------
12.        0              0           0           0             0            0           0            0           0           0
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
===============================================
          (24)        (25)            (26)

                                    Number of
                     Total Net       Claims
       Salvage and  Losses and    Outstanding
       Subrogation   Expenses     Direct and
       Anticpated    Unpaid         Assumed
-----------------------------------------------
<S>           <C>         <C>         <C>
 1.           0           0           XXX
 2.           0           0           XXX
 3.           0           0           XXX
 4.           0           0           XXX
 5.           0           0           XXX
 6.           0           0           XXX
 7.           0           0           XXX
 8.           0           0           XXX
 9.           0           0           XXX
10.           0           0           XXX
11.           0           0           XXX
-----------------------------------------------
12.           0           0           XXX
-----------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
====================================================================================================================================
                                                 Loss and Loss Expenses Percentage          Nontabular            (35)
     Total Losses and Loss Expenses Incurred        (Incurred/premiums Earned)               Discount
      -----------------------------------------------------------------------------------------------------
                                                                                                              Inter-Company
           (27)         (28)      (29)             (30)          (31)         (32)       (33)        (34)        Pooling
       Direct and                              Direct and                                            Loss      Participation
         Assumed       Ceded       Net           Assumed         Ceded         Net       Loss       Expense     Percentage
------------------------------------------------------------------------------------------------------------------------------------
<S>       <C>         <C>         <C>           <C>             <C>         <C>             <C>          <C>      <C>
 1.       XXX         XXX         XXX           XXX             XXX         XXX             0            0        XXX
 2.         0           0           0             0.0             0.0         0.0           0            0          0.0
 3.         0           0           0             0.0             0.0         0.0           0            0          0.0
 4.         0           0           0             0.0             0.0         0.0           0            0          0.0
 5.         0           0           0             0.0             0.0         0.0           0            0          0.0
 6.         0           0           0             0.0             0.0         0.0           0            0          0.0
 7.       147           0         147           588.0             0.0       588.0           0            0          0.0
 8.         0           0           0             0.0             0.0         0.0           0            0        100.0
 9.         0          (1)          1             0.0           (50.0)        0.0           0            0        100.0
10.         0           0           0             0.0             0.0         0.0           0            0        100.0
11.         0           0           0             0.0             0.0         0.0           0            0        100.0
------------------------------------------------------------------------------------------------------------------------------------
12.       XXX         XXX         XXX           XXX             XXX         XXX             0            0        XXX
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
==============================
          Net Balance Sheet
       Reserves After Discount
     -------------------------
       (36)         (37)

      Losses    Loss Expenses
      Unpaid        Unpaid
------------------------------
<S>      <C>          <C>
 1.      0            0
 2.      0            0
 3.      0            0
 4.      0            0
 5.      0            0
 6.      0            0
 7.      0            0
 8.      0            0
 9.      0            0
10.      0            0
11.      0            0
------------------------------
12.      0            0
------------------------------
</TABLE>

<PAGE>


<TABLE>
<CAPTION>
                 ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE COMPANY (COMBINED)

                                           SCHEDULE P -- PART 2A -- HOMEOWNERS/FARMOWNERS
====================================================================================================================================
    (1)                  INCURRED LOSSES AND ALLOCATED EXPENSES AT YEAR END ($000 OMITTED)                    Development
 Years in       ---------------------------------------------------------------------------------------   ------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)       (12)        (13)
Losses Were
  Incurred      1989     1990     1991     1992     1993     1994     1995     1996     1997     1998      One Year   Two Year
------------------------------------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior           0        0        0        0        0        0        0        0          0       0        0            0
 2. 1989            0        0        0        0        0        0        0        0          0       0        0            0
 3. 1990        X X X        0        0        0        0        0        0        0          0       0        0            0
 4. 1991        X X X    X X X        0        0        0        0        0        0          0       0        0            0
 5. 1992        X X X    X X X    X X X        0   N O N E       0        0        0          0       0        0            0
 6. 1993        X X X    X X X    X X X    X X X        0        0        0        0          0       0        0            0
 7. 1994        X X X    X X X    X X X    X X X    X X X        0        0        0          0       0        0            0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X        0        0          0       0        0            0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X        0          0       0        0            0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X          0       0        0        X X X
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X      X X X       0    X X X        X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. Totals       0            0
                                                                                                          --------------------------

<CAPTION>
                                                        SCHEDULE P -- PART 2B
                                             PRIVATE PASSENGER AUTO LIABILITY/MEDICAL
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>        <C>
 1. Prior           0        0        0        0        0        0        0        0          0       0        0            0
 2. 1989            0        0        0        0        0        0        0        0          0       0        0            0
 3. 1990        X X X        0        0        0        0        0        0        0          0       0        0            0
 4. 1991        X X X    X X X        0        0        0        0        0        0          0       0        0            0
 5. 1992        X X X    X X X    X X X        0   N O N E       0        0        0          0       0        0            0
 6. 1993        X X X    X X X    X X X    X X X        0        0        0        0          0       0        0            0
 7. 1994        X X X    X X X    X X X    X X X    X X X        0        0        0          0       0        0            0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X        0        0          0       0        0            0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X        0          0       0        0            0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X          0       0        0        X X X
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X      X X X       0    X X X        X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. Totals       0            0
                                                                                                          --------------------------

<CAPTION>
                                                        SCHEDULE P -- PART 2C
                                              COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior           0        0        0        0        0        0        0        0          0       0        0            0
 2. 1989            0        0        0        0        0        0        0        0          0       0        0            0
 3. 1990        X X X        0        0        0        0        0        0        0          0       0        0            0
 4. 1991        X X X    X X X        0        0        0        0        0        0          0       0        0            0
 5. 1992        X X X    X X X    X X X        0        0        0        0        0          0       0        0            0
 6. 1993        X X X    X X X    X X X    X X X        0        0        0        0          0       0        0            0
 7. 1994        X X X    X X X    X X X    X X X    X X X        0        0        0          0       0        0            0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X       37       24          9       9        0          (15)
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X        2          2       2        0            0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X          0       0        0        X X X
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X      X X X       0    X X X        X X X

------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. Totals       0          (15)
                                                                                                          --------------------------

<CAPTION>
                                           SCHEDULE P -- PART 2D -- WORKER'S COMPENSATION
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior           0        0        0        0        0        0        0        0          0       0        0            0
 2. 1989            0        0        0        0        0        0        0        0          0       0        0            0
 3. 1990        X X X        0        0        0        0        0        0        0          0       0        0            0
 4. 1991        X X X    X X X        0        0        0        0        0        0          0       0        0            0
 5. 1992        X X X    X X X    X X X        0   N O N E       0        0        0          0       0        0            0
 6. 1993        X X X    X X X    X X X    X X X        0        0        0        0          0       0        0            0
 7. 1994        X X X    X X X    X X X    X X X    X X X        0        0        0          0       0        0            0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X        0        0          0       0        0            0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X        0          0       0        0            0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X          0       0        0        X X X
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X      X X X       0    X X X        X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. Totals       0            0
                                                                                                          --------------------------

<CAPTION>
                                         SCHEDULE P -- PART 2E -- COMMERCIAL MULTIPLE PERIL
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior           0        0        0        0        0        0        0        0          0       0        0            0
 2. 1989            0        0        0        0        0        0        0        0          0       0        0            0
 3. 1990        X X X        0        0        0        0        0        0        0          0       0        0            0
 4. 1991        X X X    X X X        0        0        0        0        0        0          0       0        0            0
 5. 1992        X X X    X X X    X X X        0   N O N E       0        0        0          0       0        0            0
 6. 1993        X X X    X X X    X X X    X X X        0        0        0        0          0       0        0            0
 7. 1994        X X X    X X X    X X X    X X X    X X X        0        0        0          0       0        0            0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X        0        0          0       0        0            0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X        0          0       0        0            0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X          0       0        0        X X X
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X      X X X       0    X X X        X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. Totals       0            0
                                                                                                          --------------------------
</TABLE>


                                       87

<PAGE>


<TABLE>

<CAPTION>
                 ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE COMPANY (COMBINED)

                                                 SCHEDULE P -- PART 2F -- SECTION 1
                                                 MEDICAL MALPRACTICE -- OCCURRENCE
====================================================================================================================================
    (1)                  INCURRED PAID LOSSES AND ALLOCATED EXPENSES AT YEAR END ($000 OMITTED)               DEVELOPMENT
 Years in       ---------------------------------------------------------------------------------------   ------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)       (12)        (13)
Losses Were
  Incurred      1989     1990     1991     1992     1993     1994     1995     1996     1997      1998     One Year   Two Year
------------------------------------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior           0        0        0        0        0        0        0        0          0       0        0            0
 2. 1989            0        0        0        0        0        0        0        0          0       0        0            0
 3. 1990        X X X        0        0        0        0        0        0        0          0       0        0            0
 4. 1991        X X X    X X X        0        0        0        0        0        0          0       0        0            0
 5. 1992        X X X    X X X    X X X        0   N O N E       0        0        0          0       0        0            0
 6. 1993        X X X    X X X    X X X    X X X        0        0        0        0          0       0        0            0
 7. 1994        X X X    X X X    X X X    X X X    X X X        0        0        0          0       0        0            0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X        0        0          0       0        0            0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X        0          0       0        0            0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X          0       0        0        X X X
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X      X X X       0    X X X        X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. Totals       0            0
                                                                                                          --------------------------

<CAPTION>
                                                 SCHEDULE P -- PART 2F -- SECTION 2
                                                 MEDICAL MALPRACTICE -- CLAIMS-MADE
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior           0        0        0        0        0        0        0        0          0       0        0            0
 2. 1989            0        0        0        0        0        0        0        0          0       0        0            0
 3. 1990        X X X        0        0        0        0        0        0        0          0       0        0            0
 4. 1991        X X X    X X X        0        0        0        0        0        0          0       0        0            0
 5. 1992        X X X    X X X    X X X        0   N O N E       0        0        0          0       0        0            0
 6. 1993        X X X    X X X    X X X    X X X        0        0        0        0          0       0        0            0
 7. 1994        X X X    X X X    X X X    X X X    X X X        0        0        0          0       0        0            0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X        0        0          0       0        0            0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X        0          0       0        0            0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X          0       0        0        X X X
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X      X X X       0    X X X        X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. Totals       0            0
                                                                                                          --------------------------

<CAPTION>
                                             SCHEDULE P -- PART 2G -- SPECIAL LIABILITY
                                               (OCEAN MARINE, AIRCRAFT (ALL PERILS),
                                                       BOILER AND MACHINERY)
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>        <C>        <C>
 1. Prior       59,798   56,993   56,172   52,668   49,047   43,359   41,206   40,426   39,186   39,134         (52)    (1,292)
 2. 1989        27,432   28,864   32,921   33,399   34,410   33,157   33,756   33,640   33,088   33,407         319       (233)
 3. 1990        X X X    23,560   22,663   25,224   25,219   25,952   24,621   24,769   23,959   24,313         354       (456)
 4. 1991        X X X    X X X    20,396   20,130   21,867   19,201   17,859   17,226   16,947   16,451        (496)      (775)
 5. 1992        X X X    X X X    X X X    24,000   23,447   21,007   20,515   20,509   20,252   20,289          37       (220)
 6. 1993        X X X    X X X    X X X    X X X    34,720   32,498   32,593   30,094   28,629   28,293        (336)    (1,801)
 7. 1994        X X X    X X X    X X X    X X X    X X X    45,604   44,788   41,388   37,742   35,458      (2,284)    (5,930)
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X    56,863   48,119   40,008   36,669      (3,339)   (11,450)
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X    63,413   58,460   53,284      (5,176)   (10,129)
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    63,153   54,159      (8,994)     X X X
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    40,952       X X X      X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. Totals    (19,967)   (32,286)
                                                                                                          --------------------------

<CAPTION>
                                                 SCHEDULE P -- PART 2H -- SECTION 1
                                                   OTHER LIABILITY -- OCCURRENCE
====================================================================================================================================
<S>            <C>       <C>     <C>      <C>       <C>     <C>      <C>        <C>       <C>       <C>       <C>      <C>
 1. Prior      15,441    16,958  16,643   16,789    17,458  18,786   19,447     22,580    23,351    25,054     1,703    2,474
 2. 1989       13,135    12,692  12,877   13,859    14,138  14,888   14,792     14,000    12,916    12,815      (101)  (1,185)
 3. 1990        X X X    13,267  13,545   14,918    16,148  17,082   16,932     16,848    16,926    17,138       212      290
 4. 1991        X X X     X X X  15,891   17,084    18,229  21,968   23,002     23,999    23,863    22,625    (1,238)  (1,374)
 5. 1992        X X X     X X X   X X X   14,934    13,605  13,214   13,269     14,177    13,239    13,574       335     (603)
 6. 1993        X X X     X X X   X X X    X X X    10,653   9,823    9,759     10,811    10,805    11,912     1,107    1,101
 7. 1994        X X X     X X X   X X X    X X X     X X X   6,665    6,850      8,053     8,095     8,835       740      782
 8. 1995        X X X     X X X   X X X    X X X     X X X   X X X    4,956      4,470     4,369     5,568     1,199    1,098
 9. 1996        X X X     X X X   X X X    X X X     X X X   X X X    X X X      3,093     2,813     2,809        (4)    (284)
10. 1997        X X X     X X X   X X X    X X X     X X X   X X X    X X X      X X X     2,664     2,230      (434)   X X X
11. 1998        X X X     X X X   X X X    X X X     X X X   X X X    X X X      X X X     X X X     2,112     X X X    X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. Totals       3,519    2,299
                                                                                                          --------------------------

<CAPTION>
                                                 SCHEDULE P -- PART 2H -- SECTION 2
                                                   OTHER LIABILITY -- CLAIMS-MADE
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>        <C>
 1. Prior       10,738   7,221    6,039    4,895    4,044    4,258    4,045    3,846    4,456     4,140     (316)       294
 2. 1989         7,069   5,706    5,760    5,683    4,556    3,979    3,857    3,637    3,482     3,355     (127)      (282)
 3. 1990         X X X   7,126    5,868    4,697    3,768    4,788    4,558    4,221    4,198     3,897     (301)      (324)
 4. 1991         X X X   X X X    6,302    4,570    4,179    3,734    3,726    4,194    4,040     4,289      249         95
 5. 1992         X X X   X X X    X X X    5,206    4,867    4,423    3,536    2,730    2,434     2,211     (223)      (519)
 6. 1993         X X X   X X X    X X X    X X X    3,314    3,578    3,366    3,024    2,875     2,455     (420)      (569)
 7. 1994         X X X   X X X    X X X    X X X    X X X    2,877    3,530    3,979    3,547     3,150     (397)      (829)
 8. 1995         X X X   X X X    X X X    X X X    X X X    X X X    2,820    2,176    1,790     1,480     (310)      (696)
 9. 1996         X X X   X X X    X X X    X X X    X X X    X X X    X X X    2,591    1,994     1,792     (202)      (799)
10. 1997         X X X   X X X    X X X    X X X    X X X    X X X    X X X    X X X    1,913     1,612     (301)     X X X
11. 1998         X X X   X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X     1,416    X X X      X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. Totals  (2,348)    (3,629)
                                                                                                          --------------------------
</TABLE>


                                       93

<PAGE>


<TABLE>

                 ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE COMPANY (COMBINED)

                                          SCHEDULE P -- PART 2I -- SPECIAL PROPERTY (FIRE,
                                              ALLIED LINES, INLAND MARINE, EARTHQUAKE,
                                                    GLASS, BURGLARY, AND THEFT)
<CAPTION>
====================================================================================================================================
    (1)             INCURRED PAID LOSSES AND ALLOCATED EXPENSES REPORTED AT YEAR END ($000 OMITTED)           DEVELOPMENT
 Years in       ---------------------------------------------------------------------------------------   ------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)       (12)        (13)
Losses Were
  Incurred      1989     1990     1991     1992     1993     1994     1995     1996     1997      1998     One Year   Two Year
------------------------------------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior       X X X    X X X    X X X    X X X    X X X    X X X    X X X    9,219    8,132    6,209    (1,923)     (3,010)
 2. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X      309      300        (9)      X X X
 3. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X      166     X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                               4. Totals   (1,932)    (3,010)
                                                                                                          --------------------------

<CAPTION>
                                            SCHEDULE P -- PART 2J -- AUTO PHYSICAL DAMAGE
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior       X X X    X X X    X X X    X X X    X X X    X X X    X X X        0        0        0         0           0
 2. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        0        0         0       X X X
 3. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        0     X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                               4. Totals        0          0
                                                                                                          --------------------------

<CAPTION>
                                              SCHEDULE P -- PART 2K - FIDELITY, SURETY
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior       X X X    X X X    X X X    X X X    X X X    X X X    X X X        0        0        0         0           0
 2. 1997        X X X    X X X    X X X    X X X    X X X  N O N E    X X X    X X X        0        0         0       X X X
 3. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        0     X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                               4. Totals       0           0
                                                                                                          --------------------------

<CAPTION>
                                                   SCHEDULE P -- PART 2L -- OTHER
                                               (INCLUDING CREDIT, ACCIDENT AND HEALTH)
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior       X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0         0           0
 2. 1997        X X X    X X X    X X X    X X X    X X X  N O N E    X X X    X X X         0        0         0      X X X
 3. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                               4. Totals        0           0
                                                                                                          --------------------------

<CAPTION>
                                               SCHEDULE P -- PART 2M -- INTERNATIONAL
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior           0        0        0        0        0        0        0        0          0       0        0            0
 2. 1989            0        0        0        0        0        0        0        0          0       0        0            0
 3. 1990        X X X        0        0        0        0        0        0        0          0       0        0            0
 4. 1991        X X X    X X X        0        0        0        0        0        0          0       0        0            0
 5. 1992        X X X    X X X    X X X        0   N O N E       0        0        0          0       0        0            0
 6. 1993        X X X    X X X    X X X    X X X        0        0        0        0          0       0        0            0
 7. 1994        X X X    X X X    X X X    X X X    X X X        0        0        0          0       0        0            0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X        0        0          0       0        0            0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X        0          0       0        0            0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X          0       0        0        X X X
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X      X X X       0    X X X        X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. Totals       0           0
                                                                                                          --------------------------
</TABLE>


                                       94

<PAGE>


<TABLE>

                 ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE COMPANY (COMBINED)

                                               SCHEDULE P -- PART 2N -- REINSURANCE A
                                                  Nonproportional Assumed Property
<CAPTION>
====================================================================================================================================
    (1)                    INCURRED LOSSES AND ALLOCATED EXPENSES AT YEAR END ($000 OMITTED)                  DEVELOPMENT
 Years in       ---------------------------------------------------------------------------------------   ------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)       (12)        (13)
Losses Were
  Incurred      1989     1990     1991     1992     1993     1994     1995     1996     1997       1998    One Year   Two Year
------------------------------------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0         0           0
 2. 1989             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1990        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1992        X X X    X X X    X X X         0        0        0        0        0        0        0         0           0
 6. 1993        X X X    X X X    X X X    X X X         0        0        0        0        0        0         0           0
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0      143       143         143
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0         0           0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0         0           0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0         0      X X X
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. Totals      143         143
                                                                                                          --------------------------

<CAPTION>
                                               SCHEDULE P -- PART 2O -- REINSURANCE B
                                                  Nonproportional Assumed Liability
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0         0           0
 2. 1989             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1990        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1992        X X X    X X X    X X X         0        0        0        0        0        0        0         0           0
 6. 1993        X X X    X X X    X X X    X X X         0   N O N E       0        0        0        0         0           0
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0         0           0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0         0           0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0         0      X X X
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. Totals        0           0
                                                                                                          --------------------------

<CAPTION>
                                               SCHEDULE P -- PART 2P -- REINSURANCE C
                                               Nonproportional Assumed Financial Lines
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0         0           0
 2. 1989             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1990        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1992        X X X    X X X    X X X         0        0        0        0        0        0        0         0           0
 6. 1993        X X X    X X X    X X X    X X X         0   N O N E       0        0        0        0         0           0
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0         0           0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0         0           0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0         0      X X X
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. Totals        0           0
                                                                                                          --------------------------
</TABLE>


                                       95

<PAGE>


<TABLE>
                 ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE COMPANY (COMBINED)

                                           SCHEDULE P -- PART 3A -- HOMEOWNERS/FARMOWNERS
<CAPTION>
====================================================================================================================================
                         CUMULATIVE PAID LOSSES AND ALLOCATED EXPENSES AT YEAR END ($000 OMITTED)            (12)           (13)
    (1)         ---------------------------------------------------------------------------------------   --------------------------
 Years in                                                                                                  Number of     Number of
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)        Claims        Claims
Losses Were                                                                                                Closed With     Without
  Incurred       1989     1990     1991     1992     1993     1994     1995     1996     1997     1998    Loss Payment  Loss Payment
------------------------------------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior        0 0 0        0        0        0        0        0        0        0        0        0         0           0
 2. 1989             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1990        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1992        X X X    X X X    X X X         0        0   N O N E       0        0        0        0         0           0
 6. 1993        X X X    X X X    X X X    X X X         0        0        0        0        0        0         0           0
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0         0           0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0         0           0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0         0           0
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0         0           0
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                                        SCHEDULE P -- PART 3B
                                             PRIVATE PASSENGER AUTO LIABILITY/MEDICAL
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior      0 0 0        0        0        0        0        0        0        0        0        0         0           0
 2. 1989           0        0        0        0        0        0        0        0        0        0         0           0
 3. 1990       X X X        0        0        0        0        0        0        0        0        0         0           0
 4. 1991       X X X    X X X        0        0        0        0        0        0        0        0         0           0
 5. 1992       X X X    X X X    X X X        0        0   N O N E       0        0        0        0         0           0
 6. 1993       X X X    X X X    X X X    X X X        0        0        0        0        0        0         0           0
 7. 1994       X X X    X X X    X X X    X X X    X X X        0        0        0        0        0         0           0
 8. 1995       X X X    X X X    X X X    X X X    X X X    X X X        0        0        0        0         0           0
 9. 1996       X X X    X X X    X X X    X X X    X X X    X X X    X X X        0        0        0         0           0
10. 1997       X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        0        0         0           0
11. 1998       X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        0         0           0
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                                        SCHEDULE P -- PART 3C
                                              COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior        0 0 0        0        0        0        0        0       0        0        0        0         0           0
 2. 1989             0        0        0        0        0        0       0        0        0        0         0           0
 3. 1990        X X X         0        0        0        0        0       0        0        0        0         0           0
 4. 1991        X X X    X X X         0        0        0        0       0        0        0        0         0           0
 5. 1992        X X X    X X X    X X X         0        0        0       0        0        0        0         0           0
 6. 1993        X X X    X X X    X X X    X X X         0        0       0        0        0        0         0           0
 7. 1994        X X X    X X X    X X X    X X X    X X X         0       0        0        0        0         0           0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X        9        9        9        9         3           0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X        2        2        2         1           0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        0        0         0           0
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        0         0           0
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                           SCHEDULE P -- PART 3D -- WORKER'S COMPENSATION
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior      0 0 0        0        0        0        0        0        0        0        0        0         0           0
 2. 1989           0        0        0        0        0        0        0        0        0        0         0           0
 3. 1990       X X X        0        0        0        0        0        0        0        0        0         0           0
 4. 1991       X X X    X X X        0        0        0        0        0        0        0        0         0           0
 5. 1992       X X X    X X X    X X X        0        0   N O N E       0        0        0        0         0           0
 6. 1993       X X X    X X X    X X X    X X X        0        0        0        0        0        0         0           0
 7. 1994       X X X    X X X    X X X    X X X    X X X        0        0        0        0        0         0           0
 8. 1995       X X X    X X X    X X X    X X X    X X X    X X X        0        0        0        0         0           0
 9. 1996       X X X    X X X    X X X    X X X    X X X    X X X    X X X        0        0        0         0           0
10. 1997       X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        0        0         0           0
11. 1998       X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        0         0           0
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                         SCHEDULE P -- PART 3E -- COMMERCIAL MULTIPLE PERIL
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior      0 0 0        0        0        0        0        0        0        0        0        0         0           0
 2. 1989           0        0        0        0        0        0        0        0        0        0         0           0
 3. 1990       X X X        0        0        0        0        0        0        0        0        0         0           0
 4. 1991       X X X    X X X        0        0        0        0        0        0        0        0         0           0
 5. 1992       X X X    X X X    X X X        0        0   N O N E       0        0        0        0         0           0
 6. 1993       X X X    X X X    X X X    X X X        0        0        0        0        0        0         0           0
 7. 1994       X X X    X X X    X X X    X X X    X X X        0        0        0        0        0         0           0
 8. 1995       X X X    X X X    X X X    X X X    X X X    X X X        0        0        0        0         0           0
 9. 1996       X X X    X X X    X X X    X X X    X X X    X X X    X X X        0        0        0         0           0
10. 1997       X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        0        0         0           0
11. 1998       X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        0         0           0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>


                                       97

<PAGE>


<TABLE>

                 ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE COMPANY (COMBINED)

                                                 SCHEDULE P -- PART 3F -- SECTION 1
                                                 MEDICAL MALPRACTICE -- OCCURRENCE
<CAPTION>
====================================================================================================================================
                         CUMULATIVE PAID LOSSES AND ALLOCATED EXPENSES AT YEAR END ($000 OMITTED)            (12)           (13)
    (1)         ---------------------------------------------------------------------------------------
 Years in                                                                                                  Number of     Number of
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)        Claims        Claims
Losses Were                                                                                                Closed With     Without
  Incurred      1989     1990     1991     1992     1993     1994     1995     1996     1997       1998   Loss Payment  Loss Payment
------------------------------------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior      0 0 0        0        0        0        0        0        0        0        0        0         0           0
 2. 1989           0        0        0        0        0        0        0        0        0        0         0           0
 3. 1990       X X X        0        0        0        0        0        0        0        0        0         0           0
 4. 1991       X X X    X X X        0        0        0        0        0        0        0        0         0           0
 5. 1992       X X X    X X X    X X X        0        0   N O N E       0        0        0        0         0           0
 6. 1993       X X X    X X X    X X X    X X X        0        0        0        0        0        0         0           0
 7. 1994       X X X    X X X    X X X    X X X    X X X        0        0        0        0        0         0           0
 8. 1995       X X X    X X X    X X X    X X X    X X X    X X X        0        0        0        0         0           0
 9. 1996       X X X    X X X    X X X    X X X    X X X    X X X    X X X        0        0        0         0           0
10. 1997       X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        0        0         0           0
11. 1998       X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        0         0           0
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                                 SCHEDULE P -- PART 3F -- SECTION 2
                                               MEDICAL MALPRACTICE -- CLAIMS -- MADE
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior      0 0 0        0        0        0        0        0        0        0        0        0         0           0
 2. 1989           0        0        0        0        0        0        0        0        0        0         0           0
 3. 1990       X X X        0        0        0        0        0        0        0        0        0         0           0
 4. 1991       X X X    X X X        0        0        0        0        0        0        0        0         0           0
 5. 1992       X X X    X X X    X X X        0        0   N O N E       0        0        0        0         0           0
 6. 1993       X X X    X X X    X X X    X X X        0        0        0        0        0        0         0           0
 7. 1994       X X X    X X X    X X X    X X X    X X X        0        0        0        0        0         0           0
 8. 1995       X X X    X X X    X X X    X X X    X X X    X X X        0        0        0        0         0           0
 9. 1996       X X X    X X X    X X X    X X X    X X X    X X X    X X X        0        0        0         0           0
10. 1997       X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        0        0         0           0
11. 1998       X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        0         0           0
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                             SCHEDULE P -- PART 3G -- SPECIAL LIABILITY
                                               (OCEAN MARINE, AIRCRAFT (ALL PERILS),
                                                       BOILER AND MACHINERY)
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior       X X X     9,922   19,724   22,154   26,202   30,386   33,753   35,016   35,367   35,582    X X X       X X X
 2. 1989        4,687    13,043   18,129   21,312   25,434   27,928   29,299   30,676   31,146   31,549    X X X       X X X
 3. 1990        X X X     1,188    6,363   10,243   14,125   18,219   19,797   20,804   21,235   21,588    X X X       X X X
 4. 1991        X X X     X X X    1,933    4,862    9,849   11,471   12,863   14,249   14,700   14,962    X X X       X X X
 5. 1992        X X X     X X X    X X X    1,781    6,642    9,583   12,285   14,372   15,440   17,550    X X X       X X X
 6. 1993        X X X     X X X    X X X    X X X    4,093   12,546   17,525   20,223   22,675   23,719    X X X       X X X
 7. 1994        X X X     X X X    X X X    X X X    X X X    7,897   16,212   20,381   23,521   25,370    X X X       X X X
 8. 1995        X X X     X X X    X X X    X X X    X X X    X X X    6,667   13,978   18,206   21,602    X X X       X X X
 9. 1996        X X X     X X X    X X X    X X X    X X X    X X X    X X X   13,287   25,299   31,896    X X X       X X X
10. 1997        X X X     X X X    X X X    X X X    X X X    X X X    X X X    X X X   16,834   27,630    X X X       X X X
11. 1998        X X X     X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    7,581    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                                 SCHEDULE P -- PART 3H -- SECTION 1
                                                   OTHER LIABILITY -- OCCURRENCE
====================================================================================================================================
<S>            <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior      0 0 0      612    3,137    2,982    5,282    8,098    10,842   12,250   13,827   15,994        0           0
 2. 1989          39      222    1,101    1,733    4,631    7,689     9,440   10,555   11,061   11,230      457         285
 3. 1990       X X X       41      332      313    3,833    6,630     8,410   10,244   13,238   14,304      373         385
 4. 1991       X X X    X X X       56     (215)   2,985    7,392    10,285   14,191   16,151   17,761      377         382
 5. 1992       X X X    X X X    X X X     (100)     712    1,282     3,597    5,827    6,845    8,128      221         266
 6. 1993       X X X    X X X    X X X    X X X       20      169       841    2,637    4,863    6,688      143          97
 7. 1994       X X X    X X X    X X X    X X X    X X X       42       175    1,654    2,620    3,653       84          87
 8. 1995       X X X    X X X    X X X    X X X    X X X    X X X       438      674    1,026    2,044       58          18
 9. 1996       X X X    X X X    X X X    X X X    X X X    X X X     X X X       18      102      366       23          25
10. 1997       X X X    X X X    X X X    X X X    X X X    X X X     X X X    X X X       44      139       11          11
11. 1998       X X X    X X X    X X X    X X X    X X X    X X X     X X X    X X X    X X X       33        6           9
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                                 SCHEDULE P -- PART 3H -- SECTION 2
                                                   OTHER LIABILITY -- CLAIMS MADE
====================================================================================================================================
<S>            <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>      <C>      <C>       <C>         <C>
 1. Prior      0 0 0      187      882    1,657    2,013    2,234    2,198     2,494     2,536   2,562         0           0
 2. 1989           0       45      573    2,094    2,486    2,764    2,788     2,794     2,795   2,823        43          63
 3. 1990       X X X       13       81      401      920    1,058    1,762     2,502     2,749   3,194        43         107
 4. 1991       X X X    X X X        4      175      621    1,259    1,397     1,654     2,382   2,763        36          74
 5. 1992       X X X    X X X    X X X       55      349      974    1,016     1,052     1,099   1,150        25          42
 6. 1993       X X X    X X X    X X X    X X X        9      456      997     1,095     1,301   1,299        34          17
 7. 1994       X X X    X X X    X X X    X X X    X X X        8      513     1,609     1,803   1,961        16          16
 8. 1995       X X X    X X X    X X X    X X X    X X X    X X X       30        80       130     172        10          33
 9. 1996       X X X    X X X    X X X    X X X    X X X    X X X    X X X       125       196     238         7          10
10. 1997       X X X    X X X    X X X    X X X    X X X    X X X    X X X     X X X         1     135         2          11
11. 1998       X X X    X X X    X X X    X X X    X X X    X X X    X X X     X X X     X X X       0         0           1
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>


                                       98

<PAGE>


<TABLE>

                 ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE COMPANY (COMBINED)

                                          SCHEDULE P -- PART 3I -- SPECIAL PROPERTY (FIRE,
                                              ALLIED LINES, INLAND MARINE, EARTHQUAKE,
                                                    GLASS, BURGLARY, AND THEFT)
<CAPTION>
====================================================================================================================================
                         CUMULATIVE PAID LOSSES AND ALLOCATED EXPENSES AT YEAR END ($000 OMITTED)            (12)           (13)
    (1)         ---------------------------------------------------------------------------------------   --------------------------
 Years in                                                                                                  Number of     Number of
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)        Claims        Claims
Losses Were                                                                                                Closed With     Without
  Incurred       1989     1990     1991     1992     1993     1994     1995     1996     1997    1998     Loss Payment  Loss Payment
------------------------------------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>      <C>             <C>
 1. Prior       X X X    X X X    X X X    X X X    X X X    X X X    X X X    0 0 0      485      789    X X X            X X X
 2. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X       34       39    X X X            X X X
 3. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        9    X X X            X X X
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                            SCHEDULE P -- PART 3J -- AUTO PHYSICAL DAMAGE
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>              <C>
 1. Prior       X X X    X X X    X X X    X X X    X X X    X X X    X X X     0 0 0        0        0         0                0
 2. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0         0                0
 3. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0         0                0
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                              SCHEDULE P -- PART 3K - FIDELITY/SURETY
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>              <C>
 1. Prior       X X X    X X X    X X X    X X X    X X X    X X X    X X X     0 0 0        0        0    X X X            X X X
 2. 1997        X X X    X X X    X X X    X X X    X X X  N O N E    X X X    X X X         0        0    X X X            X X X
 3. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0    X X X            X X X
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                                   SCHEDULE P -- PART 3L -- OTHER
                                               (INCLUDING CREDIT, ACCIDENT AND HEALTH)
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>              <C>
 1. Prior       X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0    X X X            X X X
 2. 1997        X X X    X X X    X X X    X X X    X X X  N O N E    X X X    X X X         0        0    X X X            X X X
 3. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0    X X X            X X X
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                               SCHEDULE P -- PART 3M -- INTERNATIONAL
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>         <C>
 1. Prior       0 0 0        0        0        0        0        0        0        0        0        0    X X X            X X X
 2. 1989            0        0        0        0        0        0        0        0        0        0    X X X            X X X
 3. 1990        X X X        0        0        0        0        0        0        0        0        0    X X X            X X X
 4. 1991        X X X    X X X        0        0        0        0        0        0        0        0    X X X            X X X
 5. 1992        X X X    X X X    X X X        0        0   N O N E       0        0        0        0    X X X            X X X
 6. 1993        X X X    X X X    X X X    X X X        0        0        0        0        0        0    X X X            X X X
 7. 1994        X X X    X X X    X X X    X X X    X X X        0        0        0        0        0    X X X            X X X
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X        0        0        0        0    X X X            X X X
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X        0        0        0    X X X            X X X
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        0        0    X X X            X X X
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        0    X X X            X X X
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>


                                       99

<PAGE>
<TABLE>

                 ANNUAL STATEMENT FOR THE YEAR 1997 OF THE NEW YORK MARINE AND GENERAL INSURANCE COMPANY (COMBINED)

                                               SCHEDULE P -- PART 3N -- REINSURANCE A
                                                  Nonproportional Assumed Property
<CAPTION>
====================================================================================================================================
                         CUMULATIVE PAID LOSSES AND ALLOCATED EXPENSES AT YEAR END ($000 OMITTED)            (12)           (13)
    (1)         ---------------------------------------------------------------------------------------   --------------------------
 Years in                                                                                                  Number of     Number of
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)        Claims        Claims
Losses Were                                                                                               Closed With Closed Without
  Incurred      1989     1990     1991     1992     1993     1994     1995     1996     1997      1998    Loss Payment  Loss Payment
------------------------------------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>              <C>
 1. Prior       0 0 0         0        0        0        0        0        0        0        0        0    X X X            X X X
 2. 1989             0        0        0        0        0        0        0        0        0        0    X X X            X X X
 3. 1990        X X X         0        0        0        0        0        0        0        0        0    X X X            X X X
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0    X X X            X X X
 5. 1992        X X X    X X X    X X X         0        0        0        0        0        0        0    X X X            X X X
 6. 1993        X X X    X X X    X X X    X X X         0        0        0        0        0        0    X X X            X X X
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0      143    X X X            X X X
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0    X X X            X X X
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0    X X X            X X X
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0    X X X            X X X
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0    X X X            X X X
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                               SCHEDULE P -- PART 3O -- REINSURANCE B
                                                  Nonproportional Assumed Liability
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>              <C>
 1. Prior       0 0 0         0        0        0        0        0        0        0        0        0    X X X            X X X
 2. 1989             0        0        0        0        0        0        0        0        0        0    X X X            X X X
 3. 1990        X X X         0        0        0        0        0        0        0        0        0    X X X            X X X
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0    X X X            X X X
 5. 1992        X X X    X X X    X X X         0        0   N O N E       0        0        0        0    X X X            X X X
 6. 1993        X X X    X X X    X X X    X X X         0        0        0        0        0        0    X X X            X X X
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0    X X X            X X X
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0    X X X            X X X
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0    X X X            X X X
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0    X X X            X X X
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0    X X X            X X X
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                               SCHEDULE P -- PART 3P -- REINSURANCE C
                                               Nonproportional Assumed Financial Lines
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>              <C>
 1. Prior       0 0 0         0        0        0        0        0        0        0        0        0    X X X            X X X
 2. 1989             0        0        0        0        0        0        0        0        0        0    X X X            X X X
 3. 1990        X X X         0        0        0        0        0        0        0        0        0    X X X            X X X
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0    X X X            X X X
 5. 1992        X X X    X X X    X X X         0        0   N O N E       0        0        0        0    X X X            X X X
 6. 1993        X X X    X X X    X X X    X X X         0        0        0        0        0        0    X X X            X X X
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0    X X X            X X X
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0    X X X            X X X
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0    X X X            X X X
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0    X X X            X X X
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0    X X X            X X X
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>


                                      100

<PAGE>


<TABLE>

                 ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE COMPANY (COMBINED)

                                  SCHEDULE P -- PART 4A -- HOMEOWNERS/FARMOWNERS
<CAPTION>
====================================================================================================================
    (1)         BULK AND INCURRED BUT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END ($000 OMITTED)
 Years in       ----------------------------------------------------------------------------------------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
Losses Were
  Incurred      1989     1990     1991     1992     1993     1994     1995     1996     1997     1998
--------------------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1989             0        0        0        0        0        0        0        0        0        0
 3. 1990        X X X         0        0        0        0        0        0        0        0        0
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1992        X X X    X X X    X X X         0   N O N E       0        0        0        0        0
 6. 1993        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
--------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                        SCHEDULE P -- PART 4B
                             PRIVATE PASSENGER AUTO LIABILITIES/MEDICAL
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1989             0        0        0        0        0        0        0        0        0        0
 3. 1990        X X X         0        0        0        0        0        0        0        0        0
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1992        X X X    X X X    X X X         0   N O N E       0        0        0        0        0
 6. 1993        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
-------------------------------------------------------------------------------------------------------

<CAPTION>
                                        SCHEDULE P -- PART 4C
                              COMMERCIAL AUTO/TRUCK LIABILITIES/MEDICAL
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prio            0        0        0        0        0        0        0        0        0        0
 2. 1989            0        0        0        0        0        0        0        0        0        0
 3. 1990       X X X         0        0        0        0        0        0        0        0        0
 4. 1991       X X X    X X X         0        0        0        0        0        0        0        0
 5. 1992       X X X    X X X    X X X         0        0        0        0        0        0        0
 6. 1993       X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1994       X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1995       X X X    X X X    X X X    X X X    X X X    X X X        25       15        0        0
 9. 1996       X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
10. 1997       X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
11. 1998       X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
-------------------------------------------------------------------------------------------------------

<CAPTION>
                           SCHEDULE P -- PART 4D -- WORKER'S COMPENSATION
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1989             0        0        0        0        0        0        0        0        0        0
 3. 1990        X X X         0        0        0        0        0        0        0        0        0
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1992        X X X    X X X    X X X         0   N O N E       0        0        0        0        0
 6. 1993        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
-------------------------------------------------------------------------------------------------------

<CAPTION>
                         SCHEDULE P -- PART 4E -- COMMERCIAL MULTIPLE PERIL
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1989             0        0        0        0        0        0        0        0        0        0
 3. 1990        X X X         0        0        0        0        0        0        0        0        0
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1992        X X X    X X X    X X X         0   N O N E       0        0        0        0        0
 6. 1993        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
-------------------------------------------------------------------------------------------------------
</TABLE>


                                      102

<PAGE>


<TABLE>

          ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE COMPANY (COMBINED)

                                    SCHEDULE P -- PART 4F -- SECTION 1
                                     MEDICAL MALPRACTICE -- OCCURRENCE
<CAPTION>
===================================================================================================================
    (1)      BULK AND INCURRED BUT NOT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END ($000 OMITTED)
 Years in    ------------------------------------------------------------------------------------------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
Losses Were
  Incurred      1989     1990     1991     1992     1993     1994     1995     1996     1997      1998
-------------------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1989             0        0        0        0        0        0        0        0        0        0
 3. 1990        X X X         0        0        0        0        0        0        0        0        0
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1992        X X X    X X X    X X X         0   N O N E       0        0        0        0        0
 6. 1993        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
-------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                 SCHEDULE P -- PART 4F -- SECTION 2
                                 MEDICAL MALPRACTICE -- CLAIMS-MADE
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1989             0        0        0        0        0        0        0        0        0        0
 3. 1990        X X X         0        0        0        0        0        0        0        0        0
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1992        X X X    X X X    X X X         0   N O N E       0        0        0        0        0
 6. 1993        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
-------------------------------------------------------------------------------------------------------

<CAPTION>
                             SCHEDULE P -- PART 4G -- SPECIAL LIABILITY
                               (OCEAN MARINE, AIRCRAFT (ALL PERILS),
                                       BOILER AND MACHINERY)
=======================================================================================================
<S>            <C>      <C>      <C>      <C>       <C>      <C>      <C>      <C>      <C>       <C>
 1. Prior      26,471   15,953   10,075    6,222    3,834     1,756    1,301    1,227    1,324    1,033
 2. 1989       16,022    8,493    4,840    3,132    2,089     1,349      982      746      645      529
 3. 1990        X X X   16,059    8,978    5,512    3,984     2,382    1,707    1,199    1,046      715
 4. 1991        X X X    X X X   12,294    9,238    6,650     4,330    3,028    2,099    1,480    1,117
 5. 1992        X X X    X X X    X X X   18,114   11,250     7,551    5,441    3,691    2,497    1,918
 6. 1993        X X X    X X X    X X X    X X X   23,771    14,120   10,131    7,170    4,959    3,164
 7. 1994        X X X    X X X    X X X    X X X    X X X    30,864   21,693   14,830   10,634    6,924
 8. 1995        X X X    X X X    X X X    X X X    X X X     X X X   42,478   29,027   18,381   12,444
 9. 1996        X X X    X X X    X X X    X X X    X X X     X X X    X X X   39,947   25,862   17,331
10. 1997        X X X    X X X    X X X    X X X    X X X     X X X    X X X    X X X   33,677   21,511
11. 1998        X X X    X X X    X X X    X X X    X X X     X X X    X X X    X X X    X X X   20,790
-------------------------------------------------------------------------------------------------------

<CAPTION>
                                 SCHEDULE P -- PART 4H -- SECTION 1
                                    OTHER LIABILITY -- OCCURRENCE
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior       11,120   10,558    7,101    6,279    4,997   4,026    3,693    4,553    4,874    3,931
 2. 1989        11,967    9,390    6,440    5,509    4,456   3,769    3,182    2,290    1,468    1,280
 3. 1990         X X X   12,350   10,020    8,344    6,754   5,495    4,734    3,403    2,426    2,009
 4. 1991         X X X    X X X   14,040   11,686    8,350   7,474    7,263    5,864    4,832    3,637
 5. 1992         X X X    X X X    X X X   13,717   10,061   7,397    6,087    5,415    4,059    3,297
 6. 1993         X X X    X X X    X X X    X X X    9,575   6,742    5,858    4,511    3,240    2,939
 7. 1994         X X X    X X X    X X X    X X X    X X X   6,240    4,489    3,493    2,991    2,555
 8. 1995         X X X    X X X    X X X    X X X    X X X   X X X    3,917    2,609    2,024    2,084
 9. 1996         X X X    X X X    X X X    X X X    X X X   X X X    X X X    2,923    2,246    1,812
10. 1997         X X X    X X X    X X X    X X X    X X X   X X X    X X X    X X X    2,409    1,784
11. 1998         X X X    X X X    X X X    X X X    X X X   X X X    X X X    X X X    X X X    1,612
-------------------------------------------------------------------------------------------------------

<CAPTION>
                                 SCHEDULE P -- PART 4H -- SECTION 2
                                   OTHER LIABILITY -- CLAIMS-MADE
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior       9,499    5,015    3,340    1,912    1,221      767      770      577      452        9
 2. 1989        6,541    4,189    3,326    1,904    1,317      855      847      621      567      448
 3. 1990        X X X    6,600    5,006    2,866    2,002    1,317    1,117      792      759      663
 4. 1991        X X X    X X X    5,743    3,288    2,627    1,721    1,403    1,029    1,159    1,035
 5. 1992        X X X    X X X    X X X    4,680    3,340    2,400    2,012    1,414    1,272    1,046
 6. 1993        X X X    X X X    X X X    X X X    3,213    2,137    1,744    1,350    1,285    1,022
 7. 1994        X X X    X X X    X X X    X X X    X X X    2,213    1,816    1,491    1,354    1,037
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X    2,465    1,906    1,547    1,202
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X    2,090    1,535    1,270
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    1,712    1,271
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    1,317
-------------------------------------------------------------------------------------------------------
</TABLE>


                                      103

<PAGE>


<TABLE>

      ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE COMPANY (COMBINED)

                          SCHEDULE P -- PART 4I -- SPECIAL PROPERTY (FIRE,
                              ALLIED LINES, INLAND MARINE, EARTHQUAKE,
                                     GLASS, BURGLARY, AND THEFT)
<CAPTION>
===================================================================================================================
    (1)      BULK AND INCURRED NOT BUT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END ($000 OMITTED)
 Years in    ------------------------------------------------------------------------------------------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
Losses Were
  Incurred      1989     1990     1991     1992     1993     1994     1995     1996     1997     1998
-------------------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior       X X X    X X X    X X X    X X X    X X X    X X X    X X X    6,065    4,164    2,484
 2. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X      138      151
 3. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X      143
-------------------------------------------------------------------------------------------------------------------

<CAPTION>
                            SCHEDULE P -- PART 4J -- AUTO PHYSICAL DAMAGE
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior       X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
 2. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
 3. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
-------------------------------------------------------------------------------------------------------

<CAPTION>
                              SCHEDULE P -- PART 4K - FIDELITY/SURETY
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior       X X X    X X X    X X X    X X X             X X X    X X X        0         0        0
 2. 1997        X X X    X X X    X X X    X X X   N O N E   X X X    X X X    X X X         0        0
 3. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
-------------------------------------------------------------------------------------------------------

<CAPTION>
                                   SCHEDULE P -- PART 4L -- OTHER
                               (INCLUDING CREDIT, ACCIDENT AND HEALTH)
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior       X X X    X X X    X X X    X X X             X X X    X X X         0        0        0
 2. 1997        X X X    X X X    X X X    X X X   N O N E   X X X    X X X    X X X         0        0
 3. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
-------------------------------------------------------------------------------------------------------

<CAPTION>
                               SCHEDULE P -- PART 4M -- INTERNATIONAL
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior        0 0 0        0        0        0        0        0        0        0        0        0
 2. 1989             0        0        0        0        0        0        0        0        0        0
 3. 1990        X X X         0        0        0        0        0        0        0        0        0
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1992        X X X    X X X    X X X         0  N O N E        0        0        0        0        0
 6. 1993        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
-------------------------------------------------------------------------------------------------------
</TABLE>


                                      104

<PAGE>


<TABLE>

                 ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE COMPANY (COMBINED)

                               SCHEDULE P -- PART 4N -- REINSURANCE A
                                  Nonproportional Assumed Property
<CAPTION>
===================================================================================================================
    (1)         BULK AND INCURRED BUT REPORTED RESERVES ON LOSSES AND ALLOCATED EXPENSES AT YEAR END ($000 OMITTED)
 Years in       ---------------------------------------------------------------------------------------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
Losses Were
  Incurred       1989     1990     1991     1992     1993     1994     1995     1996     1997     1998
-------------------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1989             0        0        0        0        0        0        0        0        0        0
 3. 1990        X X X         0        0        0        0        0        0        0        0        0
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1992        X X X    X X X    X X X         0        0        0        0        0        0        0
 6. 1993        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
-------------------------------------------------------------------------------------------------------------------

<CAPTION>
                               SCHEDULE P -- PART 4O -- REINSURANCE B
                                  Nonproportional Assumed Liability
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1989             0        0        0        0        0        0        0        0        0        0
 3. 1990        X X X         0        0        0        0        0        0        0        0        0
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1992        X X X    X X X    X X X         0  N O N E        0        0        0        0        0
 6. 1993        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
-------------------------------------------------------------------------------------------------------

<CAPTION>
                               SCHEDULE P -- PART 4P -- REINSURANCE C
                               Nonproportional Assumed Financial Lines
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1989             0        0        0        0        0        0        0        0        0        0
 3. 1990        X X X         0        0        0        0        0        0        0        0        0
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1992        X X X    X X X    X X X         0  N O N E        0        0        0        0        0
 6. 1993        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
-------------------------------------------------------------------------------------------------------
</TABLE>


                                      105

<PAGE>


<TABLE>

 ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE COMPANY (COMBINED)

                  SCHEDULE P -- PART 5C -- COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL

                                              SECTION 1
<CAPTION>
=======================================================================================================
    (1)          CUMULATIVE NUMBER OF CLAIMS CLOSED WITH LOSS PAYMENT DIRECT AND ASSUMED AT YEAR END
  Years in      ---------------------------------------------------------------------------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned
    and
Losses Were
  Incurred      1989     1990     1991     1992     1993     1994     1995     1996     1997      1998
-------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1989             0        0        0        0        0        0        0        0        0        0
 3. 1990        X X X         0        0        0        0        0        0        0        0        0
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1992        X X X    X X X    X X X         0        0        0        0        0        0        0
 6. 1993        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         1        1        3        3
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         1        1        1
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
-------------------------------------------------------------------------------------------------------

                                              SECTION 2
<CAPTION>
=======================================================================================================
    (1)                    NUMBER OF CLAIMS OUTSTANDING AND ASSUMED AT YEAR END
  Years in      ---------------------------------------------------------------------------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned
    and
Losses Were
  Incurred      1989     1990     1991     1992     1993     1994     1995     1996     1997      1998
-------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1989             0        0        0        0        0        0        0        0        0        0
 3. 1990        X X X         0        0        0        0        0        0        0        0        0
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1992        X X X    X X X    X X X         0        0        0        0        0        0        0
 6. 1993        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         2        2        0        0
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
-------------------------------------------------------------------------------------------------------

                                              SECTION 3
<CAPTION>
=======================================================================================================
    (1)                  CUMULATIVE NUMBER OF CLAIMS REPORTED DIRECT AND ASSUMED YEAR END
  Years in      ---------------------------------------------------------------------------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned
    and
Losses Were
  Incurred      1989     1990     1991     1992     1993     1994     1995     1996     1997      1998
-------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1989             0        0        0        0        0        0        0        0        0        0
 3. 1990        X X X         0        0        0        0        0        0        0        0        0
 4. 1991        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1992        X X X    X X X    X X X         0        0        0        0        0        0        0
 6. 1993        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1994        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X         3        3        3        3
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X         1        1        1
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
-------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>


<TABLE>

    ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE COMPANY (COMBINED)

                       SCHEDULE P -- PART 5H -- OTHER LIABILITY -- OCCUERRENCE

                                             SECTION 1A
<CAPTION>
=======================================================================================================
    (1)         CUMULATIVE NUMBER OF CLAIMS CLOSED WITH LOSS PAYMENT DIRECT AND ASSUMED AT YEAR END
  Years in      ---------------------------------------------------------------------------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned
    and
Losses Were
  Incurred      1989     1990     1991     1992     1993     1994     1995     1996     1997      1998
-------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior          0        0         0       0        0        0        0        0        0       0
 2. 1989           4       27       133     208      291      363      380      421      449     457
 3. 1990       X X X        3        22      78      157      241      257      289      334     373
 4. 1991       X X X    X X X         1      29       91      160      206      281      343     377
 5. 1992       X X X    X X X     X X X       2       25       64      111      161      195     221
 6. 1993       X X X    X X X     X X X   X X X        0        9       36       64      109     143
 7. 1994       X X X    X X X     X X X   X X X    X X X        2       12       32       60      84
 8. 1995       X X X    X X X     X X X   X X X    X X X    X X X       24       36       49      58
 9. 1996       X X X    X X X     X X X   X X X    X X X    X X X    X X X        3       16      23
10. 1997       X X X    X X X     X X X   X X X    X X X    X X X    X X X    X X X        3      11
11. 1998       X X X    X X X     X X X   X X X    X X X    X X X    X X X    X X X    X X X       6
-------------------------------------------------------------------------------------------------------

                                             SECTION 2A
<CAPTION>
=======================================================================================================
    (1)                    NUMBER OF CLAIMS OUTSTANDING DIRECT AND ASSUMED AT YEAR END
  Years in      ---------------------------------------------------------------------------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned
    and
Losses Were
  Incurred      1989     1990     1991     1992     1993     1994     1995     1996     1997      1998
-------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior       3,805    3,743    3,459    3,350    3,176    2,721    2,669    2,261      830    724
 2. 1989          214      435      437      469      312      225      178       84       45     39
 3. 1990        X X X      150      330      385      318      252      184      113       74     38
 4. 1991        X X X    X X X      171      350      324      323      265      152       85     52
 5. 1992        X X X    X X X    X X X      144      217      235      194      120       78     48
 6. 1993        X X X    X X X    X X X    X X X       82      160      161      151      104     73
 7. 1994        X X X    X X X    X X X    X X X    X X X       44      110      113       85     57
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X       27       53       37     32
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X       32       25     28
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X       18     16
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X     27
-------------------------------------------------------------------------------------------------------

                                             SECTION 3A
<CAPTION>
=======================================================================================================
    (1)                  CUMULATIVE NUMBER OF CLAIMS REPORTED DIRECT AND ASSUMED YEAR END
  Years in      ---------------------------------------------------------------------------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned
    and
Losses Were
  Incurred      1989     1990     1991     1992     1993     1994     1995     1996     1997      1998
-------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0      0
 2. 1989           240      507      638      749      751      767      774      781      781    781
 3. 1990         X X X      171      407      530      642      703      705      769      792    796
 4. 1991         X X X    X X X      187      448      565      663      786      811      811    811
 5. 1992         X X X    X X X    X X X      154      326      408      504      535      535    535
 6. 1993         X X X    X X X    X X X    X X X       89      192      241      296      307    313
 7. 1994         X X X    X X X    X X X    X X X    X X X       46      122      193      219    228
 8. 1995         X X X    X X X    X X X    X X X    X X X    X X X       51       97      103    108
 9. 1996         X X X    X X X    X X X    X X X    X X X    X X X    X X X       37       64     76
10. 1997         X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X       22     38
11. 1998         X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X     42
-------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>


<TABLE>
   ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE COMPANY (COMBINED)

                         SCHEDULE P -- PART 5H -- OTHER LIABILITY -- CLAIMS-MADE

                                               SECTION 1B
<CAPTION>
=======================================================================================================
    (1)         CUMULATIVE NUMBER OF CLAIMS CLOSED WITH LOSS PAYMENT DIRECT AND ASSUMED AT YEAR END
  Years in      ---------------------------------------------------------------------------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned
    and
Losses Were
  Incurred      1989     1990     1991     1992     1993     1994     1995     1996     1997      1998
-------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>        <C>
 1. Prior           0        0       0         0        0        0        0        0        0       0
 2. 1989            0        1       3        12       17       25       29       36       41      43
 3. 1990        X X X        0       1         8       16       23       31       36       38      43
 4. 1991        X X X    X X X       0         3       10       15       21       26       33      36
 5. 1992        X X X    X X X   X X X         2        4       11       16       20       25      25
 6. 1993        X X X    X X X   X X X     X X X        0        9       18       23       29      34
 7. 1994        X X X    X X X   X X X     X X X    X X X        2        7       10       14      16
 8. 1995        X X X    X X X   X X X     X X X    X X X    X X X        1        5        7      10
 9. 1996        X X X    X X X   X X X     X X X    X X X    X X X    X X X        1        3       7
10. 1997        X X X    X X X   X X X     X X X    X X X    X X X    X X X    X X X        0       2
11. 1998        X X X    X X X   X X X     X X X    X X X    X X X    X X X    X X X    X X X       0
-------------------------------------------------------------------------------------------------------


                                               SECTION 2B
<CAPTION>
=======================================================================================================
    (1)                    NUMBER OF CLAIMS OUTSTANDING DIRECT AND ASSUMED AT YEAR END
  Years in      ---------------------------------------------------------------------------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned
    and
Losses Were
  Incurred      1989     1990     1991     1992     1993     1994     1995     1996     1997      1998
-------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>        <C>
 1. Prior         138      155      174      191      204      147      137      120       24      20
 2. 1989           52       61       68       61       65       49       39       21       11       6
 3. 1990        X X X       46       59       59       53       44       36       23       12       4
 4. 1991        X X X    X X X       28       47       45       38       31       20        6       3
 5. 1992        X X X    X X X    X X X       27       46       36       30       21        5       4
 6. 1993        X X X    X X X    X X X    X X X       23       32       30       23       15       8
 7. 1994        X X X    X X X    X X X    X X X    X X X       19       20       16       11       9
 8. 1995        X X X    X X X    X X X    X X X    X X X    X X X       21       26       16       7
 9. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X       11        7      10
10. 1997        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X       14      15
11. 1998        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X       1
-------------------------------------------------------------------------------------------------------
                                               SECTION 3B
<CAPTION>
=======================================================================================================
    (1)                 CUMULATIVE NUMBER OF CLAIMS REPORTED DIRECT AND ASSUMED YEAR END
  Years in      ---------------------------------------------------------------------------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned
    and
Losses Were
-------------------------------------------------------------------------------------------------------
  Incurred      1989     1990     1991     1992     1993     1994     1995     1996     1997      1998
-------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>
 1. Prior          0         0        0        0        0        0        0        0        0       0
 2. 1989          52        62       71       73       82       91      101      112      112     112
 3. 1990       X X X        46       60       67       69       73      109      152      154     154
 4. 1991       X X X     X X X       28       50       55       57       89      113      113     113
 5. 1992       X X X     X X X    X X X       29       50       53       70       70       71      71
 6. 1993       X X X     X X X    X X X    X X X       24       44       54       55       57      59
 7. 1994       X X X     X X X    X X X    X X X    X X X       22       29       37       39      41
 8. 1995       X X X     X X X    X X X    X X X    X X X    X X X       22       39       47      50
 9. 1996       X X X     X X X    X X X    X X X    X X X    X X X    X X X       12       19      27
10. 1997       X X X     X X X    X X X    X X X    X X X    X X X    X X X    X X X       19      28
11. 1998       X X X     X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X       2
-------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>


<TABLE>

          ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE COMPANY (COMBINED)

                           SCHEDULE P -- PART 6C -- COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL

                                                      SECTION 1
<CAPTION>
====================================================================================================================
    (1)                     CUMULATIVE PREMIUMS EARNED DIRECT AND ASSUMED AT YEAR END ($000 OMITTED)
  Years in         ---------------------------------------------------------------------------------------   (12)
   Which            (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned                                                                                               Current
    and                                                                                                      Year
Losses Were                                                                                                Premiums
  Incurred         1989     1990     1991     1992     1993     1994     1995     1996     1997    1998     Earned
--------------------------------------------------------------------------------------------------------------------
<S>                <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior               0        0        0        0        0        0        0        0        0        0        0
 2. 1989                0        0        0        0        0        0        0        0        0        0        0
 3. 1990           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1991           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1992           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1993           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1994           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1995           X X X    X X X    X X X    X X X    X X X    X X X        36       40       40       40        0
 9. 1996           X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
10. 1997           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
11. 1998           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
12. Total          X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
13. Earned
    Premiums
    (Sch P-Pt 1)        0        0        0        0        0        0       36        4        0        0   X X X
--------------------------------------------------------------------------------------------------------------------

                                                      SECTION 2
<CAPTION>
====================================================================================================================
    (1)                     CUMULATIVE PREMIUMS EARNED CEDED AT YEAR END ($000 OMITTED)
  Years in         ---------------------------------------------------------------------------------------   (12)
   Which            (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned                                                                                               Current
    and                                                                                                      Year
Losses Were                                                                                                Premiums
  Incurred         1989     1990     1991     1992     1993     1994     1995     1996     1997    1998     Earned
--------------------------------------------------------------------------------------------------------------------
<S>                <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior               0        0        0        0        0        0        0        0        0        0        0
 2. 1989                0        0        0        0        0        0        0        0        0        0        0
 3. 1990           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1991           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1992           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1993           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1994           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1995           X X X    X X X    X X X    X X X    X X X    X X X         3        5        5        5        0
 9. 1996           X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
10. 1997           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
11. 1998           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
12. Total          X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
13. Earned
    Premiums
    (Sch P-Pt 1)        0        0        0        0        0        0        3        2        0        0    X X X
--------------------------------------------------------------------------------------------------------------------

                                    SCHEDULE P -- PART 6D-- WORKER'S COMPENSATION

                                                      SECTION 1
<CAPTION>
====================================================================================================================
    (1)                     CUMULATIVE PREMIUMS EARNED DIRECT AND ASSUMED AT YEAR END ($000 OMITTED)
  Years in         ---------------------------------------------------------------------------------------   (12)
   Which            (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned                                                                                               Current
    and                                                                                                      Year
Losses Were                                                                                                Premiums
Losses Were                                                                                                Premiums
  Incurred         1989     1990     1991     1992     1993     1994     1995     1996     1997    1998     Earned
--------------------------------------------------------------------------------------------------------------------
<S>                <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior               0        0        0        0        0        0        0        0        0        0        0
 2. 1989                0        0        0        0        0        0        0        0        0        0        0
 3. 1990           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1991           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1992           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1993           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1994           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1995           X X X    X X X    X X X    X X X    N O N E  X X X         0        0        0        0        0
 9. 1996           X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
10. 1997           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
11. 1998           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
12. Total          X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
13. Earned
    Premiums
    (Sch P-Pt 1)        0        0        0        0        0        0        0        0        0        0   X X X
--------------------------------------------------------------------------------------------------------------------

                                                              SECTION 2
<CAPTION>
====================================================================================================================
    (1)                     CUMULATIVE  PREMIUMS EARNED CEDED AT YEAR END ($000 OMITTED)
  Years in         ---------------------------------------------------------------------------------------   (12)
   Which            (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned                                                                                               Current
    and                                                                                                      Year
Losses Were                                                                                                Premiums
  Incurred         1989     1990     1991     1992     1993     1994     1995     1996     1997    1998     Earned
--------------------------------------------------------------------------------------------------------------------
<S>                <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior               0        0        0        0        0        0        0        0        0        0        0
 2. 1989                0        0        0        0        0        0        0        0        0        0        0
 3. 1990           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1991           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1992           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1993           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1994           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1995           X X X    X X X    X X X    X X X    N O N E  X X X         0        0        0        0        0
 9. 1996           X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
10. 1997           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
11. 1998           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
12. Total          X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
13. Earned
    Premiums
    (Sch P-Pt 1)        0        0        0        0        0        0        0        0        0        0   X X X
--------------------------------------------------------------------------------------------------------------------
</TABLE>


                                      118

<PAGE>


<TABLE>

          ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARINE AND GENERAL INSURANCE COMPANY (COMBINED)

                                  SCHEDULE P -- PART 6E -- COMMERCIAL MULTIPLE PERIL

                                                      SECTION 1
<CAPTION>
====================================================================================================================
    (1)                     CUMULATIVE PREMIUMS EARNED DIRECT AND ASSUMED AT YEAR END ($000 OMITTED)
  Years in         ---------------------------------------------------------------------------------------   (12)
   Which            (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned                                                                                               Current
    and                                                                                                      Year
Losses Were                                                                                                Premiums
  Incurred         1989     1990     1991     1992     1993     1994     1995     1996     1997    1998     Earned
--------------------------------------------------------------------------------------------------------------------
<S>                <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior               0        0        0        0        0        0        0        0        0        0        0
 2. 1989                0        0        0        0        0        0        0        0        0        0        0
 3. 1990           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1991           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1992           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1993           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1994           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1995           X X X    X X X    X X X    X X X    N O N E  X X X         0        0        0        0        0
 9. 1996           X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
10. 1997           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
11. 1998           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
12. Total          X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
13. Earned
    Premiums
    (Sch P-Pt 1)        0        0        0        0        0        0        0        0        0        0   X X X
--------------------------------------------------------------------------------------------------------------------

                                                      SECTION 2
<CAPTION>
====================================================================================================================
    (1)                     CUMULATIVE PREMIUMS EARNED CEDED AT YEAR END ($000 OMITTED)
  Years in         ---------------------------------------------------------------------------------------   (12)
   Which            (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned                                                                                               Current
    and                                                                                                      Year
  Incurred         1989     1990     1991     1992     1993     1994     1995     1996     1997    1998     Earned
--------------------------------------------------------------------------------------------------------------------
<S>                <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior               0        0        0        0        0        0        0        0        0        0        0
 2. 1989                0        0        0        0        0        0        0        0        0        0        0
 3. 1990           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1991           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1992           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1993           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1994           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1995           X X X    X X X    X X X    X X X    N O N E  X X X         0        0        0        0        0
 9. 1996           X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
10. 1997           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
11. 1998           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
12. Total          X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
13. Earned
    Premiums
    (Sch P-Pt 1)        0        0        0        0        0        0        0        0        0        0   X X X
--------------------------------------------------------------------------------------------------------------------
                                       SCHEDULE P -- PART 6H -- OTHER LIABILITY -- OCCURRENCE

                                                              SECTION 1A
<CAPTION>
====================================================================================================================
    (1)                     CUMULATIVE PREMIUMS EARNED DIRECT AND ASSUMED AT YEAR END ($000 OMITTED)
  Years in         ---------------------------------------------------------------------------------------   (12)
   Which            (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned                                                                                               Current
    and                                                                                                      Year
Losses Were                                                                                                Premiums
  Incurred         1989     1990     1991     1992     1993     1994     1995     1996     1997    1998     Earned
--------------------------------------------------------------------------------------------------------------------
<S>                <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior                0        0        0        0        0       0        0        0        0        0         0
 2. 1989                 0        0        0        0        0       0        0        0        0        0         0
 3. 1990            X X X         0        0        0        0       0        0        0        0        0         0
 4. 1991            X X X    X X X         0        0        0       0        0        0        0        0         0
 5. 1992            X X X    X X X    X X X    X X X         0       0        0        0        0        0         0
 6. 1993            X X X    X X X    X X X    X X X     4,979   9,435    9,690    9,722    9,722    9,811        89
 7. 1994            X X X    X X X    X X X    X X X    X X X    3,532    6,104    6,239    6,239    6,239         0
 8. 1995            X X X    X X X    X X X    X X X    X X X   X X X     1,450    3,066    3,124    3,124         0
 9. 1996            X X X    X X X    X X X    X X X    X X X   X X X    X X X     1,427    2,425    2,451        26
10. 1997            X X X    X X X    X X X    X X X    X X X   X X X    X X X    X X X       836    1,531       695
11. 1998            X X X    X X X    X X X    X X X    X X X   X X X    X X X    X X X    X X X       923       923
12. Total           X X X    X X X    X X X    X X X    X X X   X X X    X X X    X X X    X X X    X X X      1,733
13. Earned
    Premiums
    (Sch P-Pt 1)   30,497   29,819   25,877   17,471   12,003   7,739    4,517    3,305    2,053    1,733     X X X
--------------------------------------------------------------------------------------------------------------------

                                                      SECTION 2A
<CAPTION>
====================================================================================================================
    (1)                     CUMULATIVE PREMIUMS EARNED CEDED AT YEAR END ($000 OMITTED)
  Years in         ---------------------------------------------------------------------------------------   (12)
   Which            (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned                                                                                               Current
    and                                                                                                      Year
Losses Were                                                                                                Premiums
  Incurred         1989     1990     1991     1992     1993     1994     1995     1996     1997    1998     Earned
--------------------------------------------------------------------------------------------------------------------
<S>                <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>     <C>
 1. Prior               0         0       0        0        0        0         0       0        0        0        0
 2. 1989                0         0       0        0        0        0         0       0        0        0        0
 3. 1990           X X X          0       0        0        0        0         0       0        0        0        0
 4. 1991           X X X     X X X        0        0        0        0         0       0        0        0        0
 5. 1992           X X X     X X X   X X X    X X X         0        0         0       0        0        0        0
 6. 1993           X X X     X X X   X X X    X X X       549    1,422     1,415   1,422    1,422    1,430        8
 7. 1994           X X X     X X X   X X X    X X X    X X X       392        33      35       35       35   X X X
 8. 1995           X X X     X X X   X X X    X X X    X X X    X X X         38     106      106      106   X X X
 9. 1996           X X X     X X X   X X X    X X X    X X X    X X X     X X X        5       26       30        4
10. 1997           X X X     X X X   X X X    X X X    X X X    X X X     X X X   X X X         0       26   X X X
11. 1998           X X X     X X X   X X X    X X X    X X X    X X X     X X X   X X X    X X X    X X X    X X X
12. Total          X X X     X X X   X X X    X X X    X X X    X X X     X X X   X X X    X X X    X X X        12
13. Earned
    Premiums
    (Sch P-Pt 1)  14,177    10,899   5,962    2,251    1,329      857       224      92       36       12    X X X
--------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>


<TABLE>
                 ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARNE AND GENERAL INSURANCE COMPANY (COMBINED)

                                       SCHEDULE P -- PART 6H -- OTHER LIABILITY -- CLAIMS-MADE

                                                              SECTION 1B
<CAPTION>
====================================================================================================================
    (1)                     CUMULATIVE PREMIUMS EARNED DIRECT AND ASSUMED AT YEAR END ($000 OMITTED)
  Years in         ---------------------------------------------------------------------------------------   (12)
   Which            (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned                                                                                               Current
    and                                                                                                      Year
Losses Were                                                                                                Premiums
  Incurred         1989     1990     1991     1992     1993     1994     1995     1996     1997    1998     Earned
--------------------------------------------------------------------------------------------------------------------
<S>                <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>     <C>
 1. Prior                0        0        0       0        0        0        0        0        0        0        0 
 2. 1989                 0        0        0       0        0        0        0        0        0        0        0 
 3. 1990            X X X         0        0       0        0        0        0        0        0        0        0 
 4. 1991            X X X    X X X         0       0        0        0        0        0        0        0        0 
 5. 1992            X X X    X X X    X X X   X X X         0        0        0        0        0        0        3
 6. 1993            X X X    X X X    X X X   X X X     2,926    5,355    5,403    5,431    5,442    5,442        0
 7. 1994            X X X    X X X    X X X   X X X    X X X     2,045    4,085    4,151    4,151    4,151        0
 8. 1995            X X X    X X X    X X X   X X X    X X X    X X X     1,820    3,482    3,543    3,564       21
 9. 1996            X X X    X X X    X X X   X X X    X X X    X X X    X X X     1,415    2,523    2,581       58
10. 1997            X X X    X X X    X X X   X X X    X X X    X X X    X X X    X X X     1,160    1,883      723
11. 1998            X X X    X X X    X X X   X X X    X X X    X X X    X X X    X X X    X X X       994      994
12. Total           X X X    X X X    X X X   X X X    X X X    X X X    X X X    X X X    X X X    X X X     1,799
13. Earned          X X X
    Premiums
    (Sch P-Pt 1)    16,090   15,300   12,415   8,205    6,218    4,583    3,933    3,194    2,347    1,799   X X X
--------------------------------------------------------------------------------------------------------------------
                                                              SECTION 2B
<CAPTION>
====================================================================================================================
    (1)                     CUMULATIVE PREMIUMS EARNED CEDED AT YEAR END ($000 OMITTED)
  Years in         ---------------------------------------------------------------------------------------   (12)
   Which            (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned                                                                                               Current
    and                                                                                                      Year
Losses Were                                                                                                Premiums
  Incurred         1989     1990     1991     1992     1993     1994     1995     1996     1997    1998     Earned
--------------------------------------------------------------------------------------------------------------------
<S>                <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>     <C>
 1. Prior               0         0        0       0        0        0        0        0        0        0        0 
 2. 1989                0         0        0       0        0        0        0        0        0        0        0 
 3. 1990           X X X          0        0       0        0        0        0        0        0        0        0 
 4. 1991           X X X     X X X         0       0        0        0        0        0        0        0        0 
 5. 1992           X X X     X X X    X X X        0        0        0        0        0        0        0        2
 6. 1993           X X X     X X X    X X X   X X X       250      457      455      462      462      462        0
 7. 1994           X X X     X X X    X X X   X X X    X X X       143      191      193      194      194        0
 8. 1995           X X X     X X X    X X X   X X X    X X X    X X X        35       39       18       39       21
 9. 1996           X X X     X X X    X X X   X X X    X X X    X X X    X X X        32       35       51       16
10. 1997           X X X     X X X    X X X   X X X    X X X    X X X    X X X    X X X        54       32      (22)
11. 1998           X X X     X X X    X X X   X X X    X X X    X X X    X X X    X X X    X X X       110      110
12. Total          X X X     X X X    X X X   X X X    X X X    X X X    X X X    X X X    X X X    X X X       127
13. Earned
    Premiums
    (Sch P-Pt 1)    6,692     5,893    3,201     993      422      262      204       52       36      127   X X X
--------------------------------------------------------------------------------------------------------------------

                                                SCHEDULE P -- PART 6M-- INTERNATIONAL

                                                              SECTION 1
<CAPTION>
====================================================================================================================
    (1)                     CUMULATIVE PREMIUMS EARNED DIRECT AND ASSUMED AT YEAR END ($000 OMITTED)
  Years in         ---------------------------------------------------------------------------------------   (12)
   Which            (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned                                                                                               Current
    and                                                                                                      Year
Losses Were                                                                                                Premiums
  Incurred         1989     1990     1991     1992     1993     1994     1995     1996     1997    1998     Earned
--------------------------------------------------------------------------------------------------------------------
<S>                <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior               0        0        0        0        0        0        0        0        0        0        0
 2. 1989                0        0        0        0        0        0        0        0        0        0        0
 3. 1990           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1991           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1992           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1993           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1994           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1995           X X X    X X X    X X X    X X X    N O N E  X X X         0        0        0        0        0
 9. 1996           X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
10. 1997           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
11. 1998           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
12. Total          X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
13. Earned
    Premiums
    (Sch P-Pt 1)        0        0        0        0        0        0        0        0        0        0    X X X
--------------------------------------------------------------------------------------------------------------------

                                                              SECTION 2
<CAPTION>
====================================================================================================================
    (1)                     CUMULATIVE PAID LOSSES AND ALLOCATED EXPENSES AT YEAR END ($000 OMITTED)
  Years in         ---------------------------------------------------------------------------------------   (12)
   Which            (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned                                                                                               Current
    and                                                                                                      Year
Losses Were                                                                                                Premiums
  Incurred         1989     1990     1991     1992     1993     1994     1995     1996     1997    1998     Earned
--------------------------------------------------------------------------------------------------------------------
<S>                <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior               0        0        0        0        0        0        0        0        0        0        0
 2. 1989                0        0        0        0        0        0        0        0        0        0        0
 3. 1990           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1991           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1992           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1993           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1994           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1995           X X X    X X X    X X X    X X X    N O N E  X X X         0        0        0        0        0
 9. 1996           X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
10. 1997           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
11. 1998           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
12. Total          X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
13. Earned
    Premiums
    (Sch P-Pt 1)        0        0        0        0        0        0        0        0        0        0   X X X
--------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>


<TABLE>
                 ANNUAL STATEMENT FOR THE YEAR 1998 OF THE NEW YORK MARNE AND GENERAL INSURANCE COMPANY (COMBINED)

                                                SCHEDULE P -- PART 6N-- REINSURANCE B
                                                 Nonproportional Assumed Liability
                                                              SECTION 1
<CAPTION>
====================================================================================================================
    (1)                     CUMULATIVE PREMIUMS EARNED DIRECT AND ASSUMED AT YEAR END ($000 OMITTED)
  Years in         ---------------------------------------------------------------------------------------   (12)
   Which            (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned                                                                                               Current
    and                                                                                                      Year
Losses Were                                                                                                Premiums
  Incurred         1989     1990     1991     1992     1993     1994     1995     1996     1997    1998     Earned
--------------------------------------------------------------------------------------------------------------------
<S>                <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>    <C>
 1. Prior               0        0        0        0        0        0        0        0        0        0       0 
 2. 1989                0        0        0        0        0        0        0        0        0        0       0 
 3. 1990           X X X         0        0        0        0        0        0        0        0        0       0 
 4. 1991           X X X    X X X         0        0        0        0        0        0        0        0       0 
 5. 1992           X X X    X X X    X X X         0        0        0        0        0        0        0       0 
 6. 1993           X X X    X X X    X X X    X X X         0        0        0        0        0        0       0 
 7. 1994           X X X    X X X    X X X    X X X    X X X        25       24       24       24       50      26
 8. 1995           X X X    X X X    X X X    X X X    X X X    X X X       111      136      136      136       0
 9. 1996           X X X    X X X    X X X    X X X    X X X    X X X    X X X       257      267      267       0
10. 1997           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        34      236     202
11. 1998           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         9       9
12. Total          X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X      237
13. Earned
    Premiums
    (Sch P-Pt 1)        0        0        0        0        0       25      110      282       44      237  X X X
--------------------------------------------------------------------------------------------------------------------

                                                              SECTION 2
<CAPTION>
====================================================================================================================
    (1)                     CUMULATIVE PREMIUMS EARNED CEDED AT YEAR END ($000 OMITTED)
  Years in         ---------------------------------------------------------------------------------------   (12)
   Which            (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned                                                                                               Current
    and                                                                                                      Year
Losses Were                                                                                                Premiums
  Incurred         1989     1990     1991     1992     1993     1994     1995     1996     1997    1998     Earned
--------------------------------------------------------------------------------------------------------------------
<S>                <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>     <C>
 1. Prior               0        0        0        0        0        0        0        0        0        0        0 
 2. 1989                0        0        0        0        0        0        0        0        0        0        0 
 3. 1990           X X X         0        0        0        0        0        0        0        0        0        0 
 4. 1991           X X X    X X X         0        0        0        0        0        0        0        0        0 
 5. 1992           X X X    X X X    X X X         0        0        0        0        0        0        0        0 
 6. 1993           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0 
 7. 1994           X X X    X X X     X X X   X X X    X X X         0        0        0        0        0        0  
 8. 1995           X X X    X X X     X X X   X X X    X X X    X X X         0        0        0        0        0  
 9. 1996           X X X    X X X     X X X   X X X    X X X    X X X    X X X         2        2        1       (1)
10. 1997           X X X    X X X     X X X   X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
11. 1998           X X X    X X X     X X X   X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
12. Total          X X X    X X X     X X X   X X X    X X X    X X X    X X X    X X X    X X X    X X X        (1)
13. Earned
    Premiums
    (Sch P-Pt 1)       0        0         0       0         0        0        1        2        0        (1)   X X X
--------------------------------------------------------------------------------------------------------------------

                                                SCHEDULE P -- PART 6O-- REINSURANCE B
                                                 Nonproportional Assumed Liability
                                                              SECTION 1
<CAPTION>
====================================================================================================================
    (1)                     CUMULATIVE PREMIUMS EARNED DIRECT AND ASSUMED AT YEAR END ($000 OMITTED)
  Years in         ---------------------------------------------------------------------------------------   (12)
   Which            (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned                                                                                               Current
    and                                                                                                      Year
Losses Were                                                                                                Premiums
  Incurred         1989     1990     1991     1992     1993     1994     1995     1996     1997    1998     Earned
--------------------------------------------------------------------------------------------------------------------
<S>                <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>     <C>

 1. Prior               0        0        0        0        0        0        0        0        0        0        0
 2. 1989                0        0        0        0        0        0        0        0        0        0        0
 3. 1990           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1991           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1992           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1993           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1994           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1995           X X X    X X X    X X X    X X X    N O N E  X X X         0        0        0        0        0
 9. 1996           X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
10. 1997           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
11. 1998           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
12. Total          X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
13. Earned
    Premiums
    (Sch P-Pt 1)        0        0        0        0        0        0        0        0        0        0   X X X
--------------------------------------------------------------------------------------------------------------------

                                                              SECTION 2
<CAPTION>
====================================================================================================================
    (1)                     CUMULATIVE PREMIUMS EARNED CEDED  AT YEAR END ($000 OMITTED)
  Years in         ---------------------------------------------------------------------------------------   (12)
   Which            (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned                                                                                               Current
    and                                                                                                      Year
Losses Were                                                                                                Premiums
  Incurred         1989     1990     1991     1992     1993     1994     1995     1996     1997    1998     Earned
--------------------------------------------------------------------------------------------------------------------
<S>                <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior               0        0        0        0        0        0        0        0        0        0        0
 2. 1989                0        0        0        0        0        0        0        0        0        0        0
 3. 1990           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1991           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1992           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1993           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1994           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1995           X X X    X X X    X X X    X X X    N O N E  X X X         0        0        0        0        0
 9. 1996           X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
10. 1997           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0
11. 1998           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0
12. Total          X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         0
13. Earned
    Premiums
    (Sch P-Pt 1)        0        0        0        0        0        0        0        0        0        0   X X X
--------------------------------------------------------------------------------------------------------------------
</TABLE>


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