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

                  SCHEDULE P - ANALYSIS OF LOSSES AND LOSS EXPENSES
                          SCHEDULE P - PART 1 - SUMMARY
                                 ($000 Omitted)


<TABLE>
<CAPTION>
===============================================================================================================
     (1)                    PREMIUMS EARNED                                LOSS AND LOSS EXPENSE PAYMENTS
  Years in          -------------------------------------------------------------------------------------------
    Which             (2)           (3)         (4)           LOSS PAYMENTS     ALLOCATED LOSS EXPENSE PAYMENTS
  Premiums                                               ------------------------------------------------------
 Were Earned                                                (5)            (6)        (7)            (8)
 and Losses          Direct and                 Net       Direct and               Direct and
Were Incurred        Assumed       Ceded    (Cols. 2-3)    Assumed        Ceded      Assumed        Ceded
--------------------------------------------------------------------------------------------------------------
<S>               <C>            <C>           <C>        <C>          <C>          <C>            <C>
 1.  Prior             XXX           XXX           XXX         738          650         775           234
 2.  1988          157,648        86,659        70,989      79,051       44,212      10,764         4,483
 3.  1989          165,195        93,434        71,761     181,222      139,158      16,019         7,499
 4.  1990          166,056       101,563        64,493     111,775       78,875      12,146         4,432
 5.  1991          179,573       115,157        64,416      66,977       40,206       9,643         2,858
 6.  1992          161,162       102,887        58,275      69,434       47,322       5,127         1,487
 7.  1993          165,180        99,903        65,277      83,090       51,761       4,803         1,909
 8.  1994          180,033       100,778        79,255     124,953       94,085       4,929         2,817
 9.  1995          197,192        93,731       103,461      49,653       20,981       1,831           487
10.  1996          168,183        71,146        97,037      41,485       14,756       2,126         1,227
11.  1997          135,414        47,877        87,537      31,741       14,932         154            50
--------------------------------------------------------------------------------------------------------------
12.  TOTALS            XXX           XXX           XXX     840,119      546,938      68,317        27,483
--------------------------------------------------------------------------------------------------------------


<CAPTION>
===========================================================================================
     (1)                                                                     (13)
  Years in   ---------------------------------
    Which     UNALLOCATED LOSS EXPENSE PAYMENTS  (11)        (12)          Number of
  Premiums   ---------------------------------             Total Net        Claims
 Were Earned          (9)        (10)        Salvage and  Paid (Cols.      Reported -
 and Losses       Direct and                 Subrogation   5-6+7-8        Direct and
Were Incurred       Assumed      Ceded        Received      +9-10)         Assumed
------------------------------------------------------------------------------------------
<S>                 <C>            <C>         <C>        <C>               <C>
 1.  Prior                0          0             155         629           XXX
 2.  1988                 0          0           3,154      41,120           XXX
 3.  1989                 0          0           2,696      50,584           XXX
 4.  1990                 0          0           2,680      40,614           XXX
 5.  1991                 0          0           2,092      33,556           XXX
 6.  1992                 0          0             803      25,752           XXX
 7.  1993             1,799          0             847      36,022           XXX
 8.  1994             2,189          0           1,973      35,169           XXX
 9.  1995             2,111          0             939      32,127           XXX
10.  1996             2,009          0             695      29,637           XXX
11.  1997             1,863          0              16      18,776           XXX
------------------------------------------------------------------------------------------
12.  TOTALS           9,971          0          16,050     343,986           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.       19,031       11,850       7,522       2,563            0           0         434          219          39           0
 2.        3,672        1,622       2,004         575            0           0         263           85          61           0
 3.        6,418        4,472       4,186       1,455            0           0         441          137          67           0
 4.        8,549        4,275       6,172       2,046            0           0         673          190         333           0
 5.        7,890        3,606      10,345       3,235            0           0         816          232         302           0
 6.        7,502        2,773      10,285       3,450            0           0       1,492          346         108           0
 7.        9,245        4,621      11,946       3,683            0           0       1,993          404         368           0
 8.       26,465       19,962      18,329       5,315            0           0       3,229          323         229           0
 9.       16,022       11,109      25,735       6,611            0           0       4,411          335         254           0
10.       23,368       14,163      33,606       8,547            0           0       5,292          340       1,160           0
11.       36,209       23,019      41,498      10,350            0           0       7,130          342       4,179           0
------------------------------------------------------------------------------------------------------------------------------------
12.      164,371      101,472     171,628      47,830            0           0      26,174        2,953       7,100           0
------------------------------------------------------------------------------------------------------------------------------------

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

                                         Number of
                          Total Net       Claims
            Salvage and  Losses and    Outstanding -
            Subrogation   Expenses     Direct and
            Anticipated    Unpaid        Assumed
-----------------------------------------------------
<S>            <C>       <C>             <C>
 1.              222      12,394         XXX
 2.               99       3,718         XXX
 3.              142       5,048         XXX
 4.              226       9,216         XXX
 5.              214      12,280         XXX
 6.              303      12,818         XXX
 7.              373      14,844         XXX
 8.              724      22,652         XXX
 9.              996      28,367         XXX
10.            1,502      40,376         XXX
11.            2,031      55,305         XXX
----------------------------------------------------
12.            6,832     217,018         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.        95,815     50,978    44,837              60.8          58.8        63.2         0            0          50.0
 3.       208,353    152,720    55,633             126.1         163.5        77.5         0            0          58.9
 4.       139,648     89,818    49,830              84.1          88.4        77.3         0            0          66.9
 5.        95,973     50,137    45,836              53.4          43.5        71.2         0            0          77.3
 6.        93,948     55,378    38,570              58.3          53.8        66.2         0            0          81.5
 7.       113,244     62,378    50,866              68.6          62.4        77.9         0            0          84.0
 8.       180,323    122,502    57,821             100.2         121.6        73.0         0            0          90.7
 9.       100,020     39,527    60,493              50.7          42.2        58.5         0            0          95.0
10.       109,046     39,032    70,014              64.8          54.9        72.2         0            0          95.0
11.       122,774     48,693    74,081              90.7         101.7        84.6         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.         12,140          254
 2.          3,479          239
 3.          4,677          371
 4.          8,400          816
 5.         11,394          886
 6.         11,564        1,254
 7.         12,887        1,957
 8.         19,517        3,135
 9.         24,037        4,330
10.         34,264        6,112
11.         44,338       10,967
------------------------------------
12.        186,697       30,321
------------------------------------
</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 Notes to
Financial Statements which will reconcile Part 1 with Parts 2 and 4.



<PAGE>

 ANNUAL STATEMENT FOR THE YEAR 197 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          1988        1989        1990        1991         1992        1993        1994         1995         1996
----------------------------------------------------------------------------------------------------------------------------
<S>               <C>          <C>         <C>         <C>          <C>         <C>         <C>          <C>         <C>
 1.  Prior        75,103       71,231      65,322      61,847       57,039      54,379      50,634       49,521      51,252
 2.  1988         50,472       48,745      46,671      48,177       47,602      46,244      45,167       44,662      44,942
 3.  1989            XXX       53,563      54,047      58,399       59,626      60,030      58,538       58,683      57,273
 4.  1990            XXX          XXX      50,795      47,279       49,348      49,352      51,990       50,500      50,210
 5.  1991            XXX          XXX         XXX      45,344       43,866      45,953      46,206       45,467      46,135
 6.  1992            XXX          XXX         XXX         XXX       48,868      46,024      42,127       40,235      40,098
 7.  1993            XXX          XXX         XXX         XXX          XXX      54,969      52,929       52,621      50,223
 8.  1994            XXX          XXX         XXX         XXX          XXX         XXX      64,065       63,601      60,317
 9.  1995            XXX          XXX         XXX         XXX          XXX         XXX         XXX       75,620      67,489
10.  1996            XXX          XXX         XXX         XXX          XXX         XXX         XXX          XXX      71,753
11.  1997            XXX          XXX         XXX         XXX          XXX         XXX         XXX          XXX         XXX
----------------------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------------

<CAPTION>
=================================================================
     (1)                                    DEVELOPMENT
                 ------------------------------------------------
Years in Which         (11)             (12)           (13)
Losses Were
  Incurred             1997            One Year      Two Year
-----------------------------------------------------------------
<S>                   <C>             <C>           <C>
 1.  Prior            51,127             (125)        1,606
 2.  1988             44,776             (166)          114
 3.  1989             55,566           (1,707)       (3,117)
 4.  1990             49,497             (713)       (1,003)
 5.  1991             45,534             (601)           67
 6.  1992             38,462           (1,636)       (1,773)
 7.  1993             48,699           (1,524)       (3,922)
 8.  1994             55,403           (4,914)       (8,198)
 9.  1995             58,128           (9,361)      (17,492)
10.  1996             66,845           (4,908)          XXX
11.  1997             68,039              XXX           XXX
-----------------------------------------------------------------
                 12.  TOTALS          (25,655)      (33,718)
-----------------------------------------------------------------
</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          1988        1989        1990        1991         1992        1993        1994         1995         1996     1997
------------------------------------------------------------------------------------------------------------------------------------
<S>               <C>         <C>         <C>         <C>          <C>         <C>         <C>          <C>         <C>       <C>
 1.  Prior          000       11,744      18,292      24,844       25,052      29,505      32,829       36,659      38,148    38,776
 2.  1988         4,336       11,663      16,855      24,451       28,017      31,112      35,705       38,073      39,943    41,120
 3.  1989           XXX        5,299      16,469      23,496       29,398      38,031      44,021       47,018      49,494    50,584
 4.  1990           XXX          XXX       2,184       8,747       13,360      21,530      29,030       33,343      37,038    40,614
 5.  1991           XXX          XXX         XXX       2,047        5,055      13,818      20,500       24,862      30,416    33,556
 6.  1992           XXX          XXX         XXX         XXX        2,756       9,790      14,140       19,226      23,585    25,752
 7.  1993           XXX          XXX         XXX         XXX          XXX       4,431      17,339       24,714      29,327    34,223
 8.  1994           XXX          XXX         XXX         XXX          XXX         XXX      11,186       21,765      28,937    32,980
 9.  1995           XXX          XXX         XXX         XXX          XXX         XXX         XXX       10,044      24,994    30,016
10.  1996           XXX          XXX         XXX         XXX          XXX         XXX         XXX          XXX      15,012    27,628
11.  1997           XXX          XXX         XXX         XXX          XXX         XXX         XXX          XXX         XXX    16,913
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
====================================================
     (1)                    (12)           (13)
                ------------------------------------
                           Number of     Number of
Years in Which              Claims     Claims Closed
 Losses Were              Closed With     Without
  Incurred                Loss Payment  Loss Payment
----------------------------------------------------
<S>                            <C>         <C>
 1.  Prior                     XXX         XXX
 2.  1988                      XXX         XXX
 3.  1989                      XXX         XXX
 4.  1990                      XXX         XXX
 5.  1991                      XXX         XXX
 6.  1992                      XXX         XXX
 7.  1993                      XXX         XXX
 8.  1994                      XXX         XXX
 9.  1995                      XXX         XXX
10.  1996                      XXX         XXX
11.  1997                      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       1988        1989        1990        1991        1992        1993        1994         1995         1996        1997
------------------------------------------------------------------------------------------------------------------------------------
<S>            <C>          <C>         <C>         <C>         <C>         <C>         <C>          <C>         <C>         <C>
 1.  Prior     40,536       30,169      19,754      12,651       8,198       5,412       3,539        3,518       4,696       5,173
 2.  1988      35,531       24,459      15,625      10,917       7,873       5,700       3,588        2,698       1,979       1,607
 3.  1989         XXX       38,132      24,234      16,024      11,451       8,506       6,589        5,465       4,024       3,035
 4.  1990         XXX          XXX      39,863      26,182      17,966      13,671       9,935        8,107       5,780       4,609
 5.  1991         XXX          XXX         XXX      34,420      25,773      18,745      14,270       12,104       9,247       7,694
 6.  1992         XXX          XXX         XXX         XXX      38,439      26,128      18,334       14,054      10,840       7,981
 7.  1993         XXX          XXX         XXX         XXX         XXX      39,236      24,199       18,552      13,585       9,852
 8.  1994         XXX          XXX         XXX         XXX         XXX         XXX      43,640       30,938      21,375      15,920
 9.  1995         XXX          XXX         XXX         XXX         XXX         XXX         XXX       52,032      35,285      23,200
10.  1996         XXX          XXX         XXX         XXX         XXX         XXX         XXX          XXX      45,536      30,011
11.  1997         XXX          XXX         XXX         XXX         XXX         XXX         XXX          XXX         XXX      37,936
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>




<PAGE>


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


                              SCHEDULE P - PART 1C

                     COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL

                                  ($000 Omitted)



<TABLE>
<CAPTION>
======================================================================================================================
     (1)                    PREMIUMS EARNED                                LOSS AND EXPENSE PAYMENTS
  Years in          --------------------------------------------------------------------------------------------------
    Which             (2)           (3)         (4)           LOSS PAYMENTS            ALLOCATED LOSS EXPENSE PAYMENTS
  Premiums                                               -------------------------------------------------------------
 Were Earned                                                (5)            (6)                (7)            (8)
 and Losses        Direct and                   Net       Direct and                        Direct and
Were Incurred        Assumed       Ceded    (Cols. 2-3)    Assumed        Ceded              Assumed        Ceded
----------------------------------------------------------------------------------------------------------------------
<S>                                                           <C>             <C>                 <C>         <C>
 1.  Prior             XXX          XXX         XXX           0               0                   0           0
 2.  1988                0            0           0           0               0                   0           0
 3.  1989                0            0           0           0               0                   0           0
 4.  1990                0            0           0           0               0                   0           0
 5.  1991                0            0           0           0               0                   0           0
 6.  1992                0            0           0           0               0                   0           0
 7.  1993                0            0           0           0               0                   0           0
 8.  1994                0            0           0           0               0                   0           0
 9.  1995               36            3          33          13               5                   2           1
10.  1996                4            2           2           1               0                   1           0
11.  1997                0            0           0           0               0                   0           0
----------------------------------------------------------------------------------------------------------------------
12.  TOTALS            XXX          XXX         XXX          14               5                   3           1
----------------------------------------------------------------------------------------------------------------------

<CAPTION>
==========================================================================================
     (1)                                                                        (13)
  Years in        --------------------------
    Which        UNALLOCATED LOSS EXPENSE PAYMENTS  (11)        (12)          Number of
  Premiums        --------------------------                    Total Net       Claims
 Were Earned              (9)          (10)      Salvage and   Paid (Cols.     Reported -
 and Losses            Direct and                Subrogation      5-6         Direct and
Were Incurred           Assumed        Ceded      Received      +7-8+9-10)     Assumed
------------------------------------------------------------------------------------------
<S>                        <C>         <C>          <C>            <C>           <C>
 1.  Prior                 0           0            0              0             XXX
 2.  1988                  0           0            0              0               0
 3.  1989                  0           0            0              0               0
 4.  1990                  0           0            0              0               0
 5.  1991                  0           0            0              0               0
 6.  1992                  0           0            0              0               0
 7.  1993                  0           0            0              0               0
 8.  1994                  0           0            0              0               0
 9.  1995                  0           0            0              9               6
10.  1996                  0           0            0              2               1
11.  1997                  0           0            0              0               0
------------------------------------------------------------------------------------------
12.  TOTALS                0           0            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
       Anticipated    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.          0            0           0            0.0             0.0          0.0         0            0            0.0
 9.         15            6           9           41.7           200.0         27.3         0            0          100.0
10.          2            0           2           50.0             0.0        100.0         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>


 ANNUAL STATEMENT FOR THE YEAR 1997 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                            LOSS AND LOSS EXPENSE PAYMENTS
  Years in          ------------------------------------------------------------------------------------------
    Which             (2)           (3)         (4)          LOSS PAYMENTS    ALLOCATED LOSS EXPENSE PAYMENTS
  Premiums                                               -----------------------------------------------------
 Were Earned                                                (5)            (6)        (7)            (8)
 and Losses        Direct and                    Net       Direct and                Direct and
Were Incurred        Assumed       Ceded    (Cols. 2-3)    Assumed        Ceded      Assumed        Ceded
--------------------------------------------------------------------------------------------------------------
<S>                <C>            <C>          <C>          <C>            <C>          <C>          <C>
 1.  Prior              XXX           XXX          XXX           81            218         101           29
 2.  1988            97,175        52,950       44,225       53,360         30,148       3,493        1,094
 3.  1989            90,050        50,496       39,554      119,211         91,312       5,946        2,699
 4.  1990            83,386        54,096       29,290       68,761         49,598       3,397        1,325
 5.  1991           105,852        76,884       28,968       48,925         35,682       3,072        1,615
 6.  1992           102,056        72,237       29,819       45,118         30,901       2,152          929
 7.  1993           112,791        71,326       41,465       47,775         26,106       1,892          886
 8.  1994           131,909        69,343       62,566       54,072         31,290       1,247          508
 9.  1995           161,865        78,258       83,607       32,491         14,945         990          330
10.  1996           154,620        66,721       87,899       38,436         13,759       1,799        1,177
11.  1997           129,376        46,826       82,550       31,681         14,933         134           48
--------------------------------------------------------------------------------------------------------------
12.  TOTALS             XXX           XXX          XXX      539,911        338,892      24,223       10,640
--------------------------------------------------------------------------------------------------------------

<CAPTION>
===============================================================================================
     (1)                                                                                  (13)
  Years in       -------------------------------------
    Which        UNALLOCATED LOSS EXPENSE PAYMENTS         (11)        (12)          Number of
  Premiums       -------------------------------------                 Total           Claims
 Were Earned              (9)          (10)            Salvage and   Net Paid         Reported -
 and Losses            Direct and                      Subrogation  (Cols.5-6       Direct and
Were Incurred          Assumed        Ceded             Received     +7-8+9-10)       Assumed
-------------------------------------------------------------------------------------------------
<S>                     <C>             <C>               <C>         <C>               <C>
 1.  Prior                    0           0                  116          (65)            XXX
 2.  1988                     0           0                2,165        25,611            XXX
 3.  1989                     0           0                1,681        31,146            XXX
 4.  1990                     0           0                1,365        21,235            XXX
 5.  1991                     0           0                1,523        14,700            XXX
 6.  1992                     0           0                  632        15,440            XXX
 7.  1993                 1,282           0                  661        23,957            XXX
 8.  1994                 1,823           0                1,753        25,344            XXX
 9.  1995                 1,882           0                  734        20,088            XXX
10.  1996                 1,967           0                  618        27,266            XXX
11.  1997                 1,780           0                    4        18,614            XXX
------------------------------------------------------------------------------------------------
12.  TOTALS               8,734           0               11,252       223,336            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.     2,182           411        1,088          187            0           0           75           40           3           0
 2.     1,700           974          494          145            0           0           43            3          15           0
 3.     5,106         3,810          788          235            0           0           93            1          24           0
 4.     4,181         2,503        1,237          372            0           0          182            1          27           0
 5.     3,201         2,434        1,678          443            0           0          254            9          14           0
 6.     4,872         2,557        2,603          731            0           0          652           27          47           0
 7.     2,488         1,493        5,743        1,563            0           0          780            1         136           0
 8.    13,807        10,220       12,068        3,243            0           0        1,850           41         155           0
 9.    14,448        11,027       20,638        5,372            0           0        3,291          176         208           0
10.    21,199        13,900       29,566        7,969            0           0        4,536          271       1,001           0
11.    35,525        22,883       37,712        9,917            0           0        6,133          251       3,108           0
------------------------------------------------------------------------------------------------------------------------------------
12.   108,709        72,212      113,615       30,177            0           0       17,889          821        4,738           0
------------------------------------------------------------------------------------------------------------------------------------

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

                                    Number of
                     Total Net       Claims
       Salvage and  Losses and    Outstanding -
       Subrogation   Expenses     Direct and
       Anticipated    Unpaid        Assumed
-----------------------------------------------
<S>        <C>        <C>              <C>
 1.        132        2,710             453
 2.         58        1,130             143
 3.        104        1,965             163
 4.        141        2,751             101
 5.        105        2,261             140
 6.        217        4,859             184
 7.        268        6,090             271
 8.        630       14,376             445
 9.        915       22,010             581
10.      1,410       34,162             922
11.      1,984       49,427             745
-----------------------------------------------
12.      5,964      141,741           4,148
-----------------------------------------------
</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
----------------------------------------------------------------------------------------------------------------------------
 1.          XXX         XXX        XXX             XXX            XXX         XXX         0            0           XXX
 2.       59,105      32,365     26,740            60.8           61.1        60.5         0            0          50.0
 3.      131,168      98,056     33,112           145.7          194.2        83.7         0            0          58.9
 4.       77,785      53,799     23,986            93.3           99.5        81.9         0            0          66.9
 5.       57,144      40,183     16,961            54.0           52.3        58.6         0            0          69.7
 6.       55,444      35,145     20,299            54.3           48.7        68.1         0            0          71.5
 7.       60,096      30,049     30,047            53.3           42.1        72.5         0            0          76.5
 8.       85,022      45,302     39,720            64.5           65.3        63.5         0            0          85.7
 9.       73,948      31,850     42,098            45.7           40.7        50.4         0            0          90.0
10.       98,504      37,076     61,428            63.7           55.6        69.9         0            0          90.0
11.      116,073      48,032     68,041            89.7          102.6        82.4         0            0         100.0
----------------------------------------------------------------------------------------------------------------------------
12.          XXX         XXX        XXX             XXX            XXX         XXX         0            0             0
----------------------------------------------------------------------------------------------------------------------------

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

      Losses    Loss Expenses
      Unpaid        Unpaid
------------------------------
<S>    <C>             <C>
 1.    2,672           38
 2.    1,075           55
 3.    1,849          116
 4.    2,543          208
 5.    2,002          259
 6.    4,187          672
 7.    5,175          915
 8.   12,412        1,964
 9.   18,687        3,323
10.   28,896        5,266
11.   40,437        8,990
------------------------------
12.  119,935       21,806
------------------------------
</TABLE>



<PAGE>


 ANNUAL STATEMENT FOR THE YEAR 1997 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 LOSS EXPENSE PAYMENTS
  Years in          ----------------------------------------------------------------------------------------
    Which             (2)           (3)         (4)         LOSS PAYMENTS   ALLOCATED LOSS EXPENSE PAYMENTS
  Premiums                                               ---------------------------------------------------
 Were Earned                                                (5)            (6)        (7)            (8)
 and Losses          Direct and                  Net       Direct and                Direct and
Were Incurred        Assumed       Ceded    (Cols. 2-3)    Assumed        Ceded      Assumed        Ceded
------------------------------------------------------------------------------------------------------------
<S>                  <C>          <C>         <C>         <C>              <C>         <C>         <C>
 1.  Prior              XXX          XXX         XXX         551              56         603         181
 2.  1988            22,264       10,018      12,246      10,751           4,169       5,662       2,298
 3.  1989            30,497       14,177      16,320      14,006           6,406       4,866       1,405
 4.  1990            29,819       10,899      18,920      14,150           5,329       6,100       1,683
 5.  1991            25,877        5,962      19,915      14,203           2,971       5,715         796
 6.  1992            17,471        2,251      15,220       5,327             345       1,945          82
 7.  1993            12,003        1,329      10,674       3,818             315       1,478         118
 8.  1994             7,739          857       6,882       1,971              66         779          64
 9.  1995             4,517          224       4,293         786               3         251           8
10.  1996             3,305           92       3,213          82               0          20           0
11.  1997             2,053           36       2,017          41               0           3           0
------------------------------------------------------------------------------------------------------------
12.  TOTALS             XXX          XXX         XXX      65,686          19,660      27,422       6,635
------------------------------------------------------------------------------------------------------------

<CAPTION>
==========================================================================================
     (1)                                                                         (13)
  Years in    -----------------------------------
    Which     UNALLOCATED LOSS EXPENSE PAYMENTS   (11)           (12)          Number of
  Premiums    -----------------------------------               Total           Claims
 Were Earned        (9)            (10)         Salvage and    Net Paid        Reported -
 and Losses      Direct and                     Subrogation    (Cols.5-6      Direct and
Were Incurred     Assumed          Ceded        Received       +7-8+9-10)       Assumed
------------------------------------------------------------------------------------------
<S>                  <C>             <C>         <C>          <C>               <C>
 1.  Prior            0               0              14           917            XXX
 2.  1988             0               0             386         9,946            744
 3.  1989             0               0             333        11,061            781
 4.  1990             0               0             279        13,238            792
 5.  1991             0               0             286        16,151            811
 6.  1992             0               0             163         6,845            535
 7.  1993            56               0              54         4,919            307
 8.  1994           112               0              33         2,732            219
 9.  1995            13               0               7         1,039            103
10.  1996            12               0              12           114             64
11.  1997            30               0               7            74             22
------------------------------------------------------------------------------------------
12.  TOTALS         223               0           1,574        67,036            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.      13,535        9,769         6,253       2,267            0           0         352          175          31           0
 2.       1,309          424           757         140            0           0         149           55          39           0
 3.         600          213         1,626         309            0           0         235           84          35           0
 4.       1,818          556         2,783         586            0           0         358          129         243           0
 5.       3,504          624         6,199       1,622            0           0         405          150         118           0
 6.       2,535          200         5,263       1,549            0           0         478          133          49           0
 7.       2,954          252         3,825       1,155            0           0         769          199         175           0
 8.       2,692          208         3,309       1,000            0           0         887          205          59           0
 9.       1,346           26         2,240         552            0           0         437          101          21           0
10.         464            0         2,083         215            0           0         416           38          86           0
11.         211            0         2,000         205            0           0         676           62         708           0
------------------------------------------------------------------------------------------------------------------------------------
12.      30,968       12,272        36,338       9,600            0           0       5,162        1,331       1,564           0
------------------------------------------------------------------------------------------------------------------------------------

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

                                    Number of
                     Total Net       Claims
       Salvage and  Losses and    Outstanding -
       Subrogation   Expenses     Direct and
       Anticipated    Unpaid        Assumed
-----------------------------------------------
<S>       <C>        <C>           <C>
 1.        73          7,960         769
 2.        17          1,635          61
 3.        17          1,890          45
 4.        37          3,931          74
 5.        83          7,830          85
 6.        69          6,443          78
 7.        61          6,117         104
 8.        55          5,534          85
 9.        35          3,365          37
10.        27          2,796          25
11.        23          3,328          18
-----------------------------------------------
12.       497         50,829       1,381
-----------------------------------------------
</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.        18,667        7,086      11,581          83.3         70.7        94.6         0            0          50.0
 3.        21,368        8,417      12,951          70.1         59.4        79.4         0            0          58.7
 4.        25,452        8,283      17,169          85.4         76.0        90.7         0            0          66.9
 5.        30,144        6,163      23,981         116.5        103.4       120.4         0            0          89.7
 6.        15,597        2,309      13,288          89.3        102.6        87.3         0            0          91.5
 7.        13,075        2,039      11,036         108.9        153.4       103.4         0            0          91.5
 8.         9,809        1,543       8,266         126.7        180.0       120.1         0            0          95.7
 9.         5,094          691       4,403         112.8        308.5       102.6         0            0         100.0
10.         3,163          252       2,911          95.7        273.9        90.6         0            0         100.0
11.         3,669          267       3,402         178.7        741.7       168.7         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.          7,752          208
 2.          1,502          133
 3.          1,704          186
 4.          3,459          472
 5.          7,457          373
 6.          6,049          394
 7.          5,372          745
 8.          4,793          741
 9.          3,008          357
10.          2,332          464
11.          2,006        1,322
-------------------------------------
12.         45,434        5,395
-------------------------------------
</TABLE>




<PAGE>


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

                        SCHEDULE P - PART 1H - SECTION 2
                         OTHER LIABILTY -V 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
  Premiums                                               ---------------------------------------------------
 Were Earned                                                (5)            (6)        (7)            (8)
 and Losses          Direct and                 Net       Direct and                Direct and
Were Incurred        Assumed       Ceded    (Cols. 2-3)    Assumed        Ceded      Assumed        Ceded
-----------------------------------------------------------------------------------------------------------
<S>                 <C>           <C>        <C>          <C>            <C>         <C>        <C>
 1.  Prior             XXX          XXX         XXX           0               0          22          (3)
 2.  1988           13,920        6,561       7,359       4,167           2,714       1,013         649
 3.  1989           16,090        6,692       9,398       1,809             643       3,704       2,075
 4.  1990           15,300        5,893       9,407       2,431             809       1,959         832
 5.  1991           12,415        3,201       9,214       2,334             304         540         188
 6.  1992            8,205          993       7,212         675              67         544          53
 7.  1993            6,218          422       5,796       1,038              92         390          35
 8.  1994            4,583          262       4,321       1,401             120         569          47
 9.  1995            3,933          204       3,729          61               6          76           1
10.  1996            3,194           52       3,142          51               0         145           0
11.  1997            2,347           36       2,311           0               0           2           1
-----------------------------------------------------------------------------------------------------------
12.  TOTALS            XXX          XXX         XXX      13,967           4,755       8,964       3,878
-----------------------------------------------------------------------------------------------------------

<CAPTION>
===============================================================================================
     (1)                                                                           (13)
  Years in     -----------------------------------
    Which       UNALLOCATED LOSS EXPENSE PAYMENTS    (11)          (12)          Number of
  Premiums     -----------------------------------                 Total           Claims
 Were Earned           (9)          (10)          Salvage and    Net Paid        Reported -
 and Losses         Direct and                    Subrogation    (Cols.5-6      Direct and
Were Incurred        Assumed        Ceded         Received       +7-8+9-10)       Assumed
---------------------------------------------------------------------------------------------
<S>  <C>                <C>         <C>              <C>         <C>              <C>
 1.  Prior              0           0                    0           25           XXX
 2.  1988               0           0                  296        1,817           106
 3.  1989               0           0                    2        2,795           112
 4.  1990               0           0                  701        2,749           154
 5.  1991               0           0                  200        2,382           113
 6.  1992               0           0                    5        1,099            71
 7.  1993              23           0                   64        1,324            57
 8.  1994              18           0                  173        1,821            39
 9.  1995              18           0                   44          148            47
10.  1996              10           0                    4          206            19
11.  1997              31           0                    0           32            19
---------------------------------------------------------------------------------------------
12.  TOTALS           100           0                1,489       14,398           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.     2,128          954          46          27              0              0         7            4           0           0
 2.       526          232         617         215              0              0        41           13           4           0
 3.       187           67         957         425              0              0        60           25           0           0
 4.       956          266       1,288         572              0              0        74           31          49           0
 5.       552           53       2,043         942              0              0       105           47         164           0
 6.        71            8       2,176       1,036              0              0       273          141           9           0
 7.       314           25       1,787         610              0              0       179           71          44           0
 8.       427           37       1,542         274              0              0        94            8           0           0
 9.       114            1       1,546         218              0              0       241           22           5           0
10.       264            1       1,463         149              0              0       243           22          41           0
11.       213           13       1,619         164              0              0       282           25         258           0
------------------------------------------------------------------------------------------------------------------------------------
12.     5,752        1,657      15,084       4,632              0              0     1,599          409         574           0
------------------------------------------------------------------------------------------------------------------------------------

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

                                    Number of
                     Total Net       Claims
       Salvage and  Losses and    Outstanding -
       Subrogation   Expenses     Direct and
       Anticipated    Unpaid        Assumed
-----------------------------------------------
<S>      <C>        <C>            <C>
 1.        0          1,196          22
 2.       17            728           9
 3.        6            687          11
 4.       14          1,498          12
 5.       15          1,822           6
 6.       12          1,344           5
 7.       14          1,618          15
 8.       17          1,744          11
 9.       14          1,665          16
10.       15          1,839           7
11.       16          2,170          14
-----------------------------------------------
12.      140         16,311         128
-----------------------------------------------
</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.       6,368       3,823       2,545            45.7           58.3        34.6         0            0          50.0
 3.       6,717       3,235       3,482            41.7           48.3        37.1         0            0          58.9
 4.       6,757       2,510       4,247            44.2           42.6        45.1         0            0          66.9
 5.       5,738       1,534       4,204            46.2           47.9        45.6         0            0          89.7
 6.       3,748       1,305       2,443            45.7          131.4        33.9         0            0          91.5
 7.       3,775         833       2,942            60.7          197.4        50.8         0            0          91.5
 8.       4,051         486       3,565            88.4          185.5        82.5         0            0          95.7
 9.       2,061         248       1,813            52.4          121.6        48.6         0            0         100.0
10.       2,217         172       2,045            69.4          330.8        65.1         0            0         100.0
11.       2,405         203       2,202           102.5          563.9        95.3         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.    1,193            3
 2.      696           32
 3.      652           35
 4.    1,406           92
 5.    1,600          222
 6.    1,203          141
 7.    1,466          152
 8.    1,658           86
 9.    1,441          224
10.    1,577          262
11.    1,655          515
------------------------------
12.   14,547        1,764
------------------------------
</TABLE>






<PAGE>

     ANNUAL STATEMENT FOR THE TEAR 1997 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>
===================================================================================================================
     (1)                    PREMIUMS EARNED                                 LOSS AND LOSS EXPENSE PAYMENTS
  Years in          -----------------------------------------------------------------------------------------------
    Which             (2)           (3)         (4)             LOSS PAYMENTS       ALLOCATED LOSS EXPENSE PAYMENTS
  Premiums                                               ----------------------------------------------------------
 Were Earned                                                (5)            (6)        (7)            (8)
 and Losses          Direct and                 Net       Direct and                Direct and
Were Incurred        Assumed       Ceded    (Cols. 2-3)    Assumed        Ceded      Assumed        Ceded
---------------------------------------------------------------------------------------------------------------
<S>                  <C>           <C>         <C>         <C>           <C>          <C>           <C>
1. Prior                XXX           XXX          XXX      5,003         5,079        453           340
2. 1996               6,778         4,277        2,501      2,915           997        161            50
3. 1997               1,594           979          615         19            (1)        15             1
---------------------------------------------------------------------------------------------------------------
4. TOTALS               XXX           XXX          XXX      7,937         6,075        629           391
---------------------------------------------------------------------------------------------------------------

<CAPTION>
===============================================================================================
     (1)                                                                         (13)
  Years in       --------------------------------
    Which       UNALLOCATED LOSS EXPENSE PAYMENTS    (11)          (12)         Number of
  Premiums       --------------------------------                Total Net        Claims
 Were Earned           (9)              (10)       Salvage and  Paid (Cols.      Reported -
 and Losses         Direct and                     Subrogation   5-6+7-8        Direct and
Were Incurred        Assumed            Ceded       Received      +9-10)         Assumed
-----------------------------------------------------------------------------------------------
<S>                    <C>              <C>             <C>      <C>               <C>
1. Prior                 0               0               197         37             XXX
2. 1996                 20               0                61      2,049             XXX
3. 1997                 22               0                 5         56             XXX
----------------------------------------------------------------------------------------------
4. TOTALS               42               0               263      2,142             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.       17,241        14,947        5,930       3,143             0           0         1,388       379          87            0
2.        1,441           262          494         214             0           0            97         9          32            0
3.          260           123          167          64             0           0            39         4         105            0
------------------------------------------------------------------------------------------------------------------------------------
4.       18,942        15,332        6,591       3,421             0           0         1,524       392         224            0
------------------------------------------------------------------------------------------------------------------------------------

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

                                   Number of
                    Total Net       Claims
      Salvage and  Losses and    Outstanding -
      Subrogation   Expenses     Direct and
      Anticipated     Unpaid        Assumed
----------------------------------------------
<S>         <C>       <C>              <C>
1.          173       6,177            656
2.           50       1,579             15
3.            8         380              5
----------------------------------------------
4.          231       8,136            676
-----------------------------------------------
</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.        5,160         1,532      3,628            76.1            35.8       145.1       0          0           100.0
3.          627           191        436            39.3            19.5        70.9       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.    5,081          1,096
2.    1,459            120
3.      240            140
------------------------------
4.    6,780          1,356
------------------------------
</TABLE>



<PAGE>

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

                   SCHEDULE P - PART 1J - AUTO PHYSICAL DAMAGE

                                 ($000 omitted)

<TABLE>
<CAPTION>
===================================================================================================================
     (1)                    PREMIUMS EARNED                                LOSS AND LOSS EXPENSE PAYMENTS
  Years in          -----------------------------------------------------------------------------------------------
    Which             (2)           (3)         (4)             LOSS PAYMENTS       ALLOCATED LOSS EXPENSE PAYMENTS
  Premiums                                               ----------------------------------------------------------
 Were Earned                                                (5)            (6)        (7)            (8)
 and Losses          Direct and                 Net       Direct and                Direct and
Were Incurred        Assumed       Ceded    (Cols. 2-3)    Assumed        Ceded      Assumed        Ceded
---------------------------------------------------------------------------------------------------------------
<S>                  <C>           <C>          <C>               <C>         <C>          <C>          <C>
1. Prior             XXX           XXX          XXX               0           0            0            0
2. 1996                     0             0            0          0           0            0            0
3. 1997                     0             0            0          0           0            0            0
---------------------------------------------------------------------------------------------------------------
4. TOTALS            XXX           XXX          XXX               0           0            0            0
---------------------------------------------------------------------------------------------------------------

<CAPTION>
========================================================================================
     (1)                                                                         (13)
  Years in       --------------------------
    Which    UNALLOCATED LOSS EXPENSE PAYMENTS      (11)        (12)          Number of
  Premiums       --------------------------                   Total Net       Claims
 Were Earned        (9)          (10)           Salvage and  Paid (Cols.      Reported -
 and Losses      Direct and                     Subrogation   5-6+7-8        Direct and
Were Incurred     Assumed        Ceded           Received      +9-10)         Assumed
----------------------------------------------------------------------------------------
<S>                  <C>          <C>              <C>      <C>               <C>
1. Prior              0            0                0        0                 XXX
2. 1996               0            0                0        0                   0
3. 1997               0            0                0        0                   0
----------------------------------------------------------------------------------------
4. TOTALS             0            0                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
      Anticipated     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           100.0
3.            0             0        0             0.0             0.0           0.0       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.    0              0
2.    0              0
3.    0              0
------------------------------
4.    0              0
------------------------------
</TABLE>



<PAGE>

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

                   SCHEDULE P - PART 1N - REINSURANCE A

                 Nonproportional Assumed Property ($000 omitted)


<TABLE>
<CAPTION>
====================================================================================================================
     (1)                    PREMIUMS EARNED                                LOSS AND LOSS EXPENSE PAYMENTS
  Years in          ------------------------------------------------------------------------------------------------
    Which             (2)           (3)         (4)             LOSS PAYMENTS       ALLOCATED LOSS EXPENSE PAYMENTS
  Premiums                                               -----------------------------------------------------------
 Were Earned                                                (5)            (6)        (7)            (8)
 and Losses          Direct and                 Net       Direct and                Direct and
Were Incurred        Assumed       Ceded    (Cols. 2-3)    Assumed        Ceded      Assumed        Ceded
-------------------------------------------------------------------------------------------------------------
<S>                  <C>          <C>         <C>             <C>             <C>         <C>         <C>
 1.  Prior           XXX          XXX         XXX             0               0           0           0
 2.  1988                0            0           0           0               0           0           0
 3.  1989                0            0           0           0               0           0           0
 4.  1990                0            0           0           0               0           0           0
 5.  1991                0            0           0           0               0           0           0
 6.  1992                0            0           0           0               0           0           0
 7.  1993                0            0           0           0               0           0           0
 8.  1994               25            0          25           0               0           0           0
 9.  1995              110            1         109           0               0           0           0
10.  1996              282            2         280           0               0           0           0
11.  1997               44            0          44           0               0           0           0
-------------------------------------------------------------------------------------------------------------
12.  TOTALS          XXX          XXX         XXX             0               0           0           0
-------------------------------------------------------------------------------------------------------------

<CAPTION>
================================================================================================
     (1)                                                                         (13)
  Years in      -------------------------------
    Which      UNALLOCATED LOSS EXPENSE PAYMENTS     (11)        (12)          Number of
  Premiums      -------------------------------                Total Net        Claims
 Were Earned         (9)          (10)           Salvage and   Paid (Cols.     Reported -
 and Losses       Direct and                     Subrogation      5-6         Direct and
Were Incurred      Assumed        Ceded           Received      +7-8+9-10)     Assumed
---------------------------------------  -------------------------------------------------------
<S>                   <C>         <C>               <C>            <C>           <C>
 1.  Prior            0           0                 0              0             XXX
 2.  1988             0           0                 0              0             XXX
 3.  1989             0           0                 0              0             XXX
 4.  1990             0           0                 0              0             XXX
 5.  1991             0           0                 0              0             XXX
 6.  1992             0           0                 0              0             XXX
 7.  1993             0           0                 0              0             XXX
 8.  1994             0           0                 0              0             XXX
 9.  1995             0           0                 0              0             XXX
10.  1996             0           0                 0              0             XXX
11.  1997             0           0                 0              0             XXX
---------------------------------------  -------------------------------------------------------
12.  TOTALS           0           0                 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
 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
       Anticipated    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.          0            0           0            0.0             0.0         0.0           0            0          0.0
 8.          0            0           0            0.0             0.0         0.0           0            0          0.0
 9.          0            0           0            0.0             0.0         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>

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

                                           SCHEDULE P -- PART 2A -- HOMEOWNERS/FARMOWNERS
<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      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997     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. 1988             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0         0           0
 6. 1992        X X X    X X X    X X X    X X X         0   N O N E       0        0        0        0         0           0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1994        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. 1995        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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. TOTALS        0           0
------------------------------------------------------------------------------------------------------------------------------------

                                                        SCHEDULE P -- PART 2B
                                             PRIVATE PASSENGER AUTO LIABILITY/MEDICAL
<CAPTION>
====================================================================================================================================
<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. 1988             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0         0           0
 6. 1992        X X X    X X X    X X X    X X X         0   N O N E       0        0        0        0         0           0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1994        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. 1995        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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. TOTALS        0           0
------------------------------------------------------------------------------------------------------------------------------------

                                                        SCHEDULE P -- PART 2D
                                              COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL
<CAPTION>
====================================================================================================================================
<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. 1988             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0         0           0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0         0           0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1994        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. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X        37       24        9       (15)        (28)
10. 1996        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        2         0      X X X
11. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. TOTALS      (15)        (28)
------------------------------------------------------------------------------------------------------------------------------------

                                           SCHEDULE P -- PART 2D -- WORKER'S COMPENSATION
<CAPTION>
====================================================================================================================================
<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. 1988             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0         0           0
 6. 1992        X X X    X X X    X X X    X X X         0   N O N E       0        0        0        0         0           0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1994        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. 1995        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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. TOTALS        0           0
------------------------------------------------------------------------------------------------------------------------------------

                                         SCHEDULE P -- PART 2E -- COMMERCIAL MULTIPLE PERIL
<CAPTION>
====================================================================================================================================
<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. 1988             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0         0           0
 6. 1992        X X X    X X X    X X X    X X X         0   N O N E       0        0        0        0         0           0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1994        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. 1995        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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. TOTALS        0           0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>



<PAGE>

<TABLE>

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

                                                 SCHEDULE P -- PART 2F -- SECTION 1
                                                 MEDICAL MALPRACTICE -- OCCURRENCE
<CAPTION>
====================================================================================================================================
    (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      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997     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. 1988             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0         0           0
 6. 1992        X X X    X X X    X X X    X X X         0   N O N E       0        0        0        0         0           0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1994        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. 1995        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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. TOTALS        0           0
------------------------------------------------------------------------------------------------------------------------------------

                                                 SCHEDULE P -- PART 2F -- SECTION 2
                                                 MEDICAL MALPRACTICE -- CLAIMS--MADE
<CAPTION>
====================================================================================================================================
<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. 1988             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1991        X X X    X X X    X X X         0        0   N O N E       0        0        0        0         0           0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0         0           0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1994        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. 1995        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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. TOTALS        0           0
------------------------------------------------------------------------------------------------------------------------------------

                                             SCHEDULE P -- PART 2G -- SPECIAL LIABILITY
                                               (OCEAN MARINE, AIRCRAFT (ALL PERILS),
                                                       BOILER AND MACHINERY)
<CAPTION>
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior       53,105   50,897   48,120   47,328   44,002   40,750   36,533   34,628   33,629   32,343    (1,286)     (2,285)
 2. 1988        29,417   28,783   28,755   28,726   28,548   28,179   26,708   26,460   26,679   26,725        46         265
 3. 1989        X X X    27,432   28,864   32,921   33,399   34,410   33,157   33,756   33,640   33,088      (552)       (668)
 4. 1990        X X X    X X X    23,560   22,663   25,224   25,219   25,952   24,621   24,769   23,959      (810)       (662)
 5. 1991        X X X    X X X    X X X    20,396   20,130   21,867   19,201   17,859   17,226   16,947      (279)       (912)
 6. 1992        X X X    X X X    X X X    X X X    24,000   23,447   21,007   20,515   20,509   20,252      (257)       (263)
 7. 1993        X X X    X X X    X X X    X X X    X X X    34,720   32,498   32,593   30,094   28,629    (1,465)     (3,964)
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X    45,604   44,788   41,388   37,742    (3,646)     (7,046)
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X    56,863   48,119   40,008    (8,111)    (16,855)
10. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X    63,413   58,460    (4,953)     X X X
11. 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    63,153    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. TOTALS  (21,313)    (32,390)
------------------------------------------------------------------------------------------------------------------------------------

                                                 SCHEDULE P -- PART 2H -- SECTION 1
                                                   OTHER LIABILITY -- OCCURRENCE
<CAPTION>
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior        9,123    8,522    8,532    6,719    6,807    7,440    8,553    9,185   12,093   12,825       732       3,640
 2. 1988         7,589    7,935    9,442   10,940   10,998   11,034   11,249   11,278   11,503   11,542        39         264
 3. 1989        X X X    13,135   12,692   12,877   13,859   14,138   14,888   14,792   14,000   12,916    (1,084)     (1,876)
 4. 1990        X X X    X X X    13,267   13,545   14,918   16,148   17,082   16,932   16,848   16,926        78          (6)
 5. 1991        X X X    X X X    X X X    15,891   17,084   18,229   21,968   23,002   23,999   23,863      (136)        861
 6. 1992        X X X    X X X    X X X    X X X    14,934   13,605   13,214   13,269   14,177   13,239      (938)        (30)
 7. 1993        X X X    X X X    X X X    X X X    X X X    10,653    9,823    9,759   10,811   10,805        (6)      1,046
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X     6,665    6,850    8,053    8,095        42       1,245
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X     4,956    4,470    4,369      (101)       (587)
10. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X     3,093    2,813      (280)     X X X
11. 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     2,664    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. TOTALS   (1,654)      4,557
------------------------------------------------------------------------------------------------------------------------------------

                                                 SCHEDULE P -- PART 2H -- SECTION 2
                                                   OTHER LIABILITY -- CLAIMS--MADE
<CAPTION>
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior        3,469    3,766    2,734    2,314    1,413    1,364    1,480    1,420    1,343    2,168       825         748
 2. 1988         7,922    7,225    4,740    3,978    3,735    2,933    3,031    2,878    2,756    2,541      (215)       (337)
 3. 1989        X X X     7,069    5,706    5,760    5,683    4,556    3,979    3,857    3,637    3,482      (155)       (375)
 4. 1990        X X X    X X X     7,126    5,868    4,697    3,768    4,788    4,558    4,221    4,198       (23)       (360)
 5. 1991        X X X    X X X    X X X     6,302    4,570    4,179    3,734    3,726    4,194    4,040      (154)        314
 6. 1992        X X X    X X X    X X X    X X X     5,206    4,867    4,423    3,536    2,730    2,434      (296)     (1,102)
 7. 1993        X X X    X X X    X X X    X X X    X X X     3,314    3,578    3,366    3,024    2,875      (149)       (491)
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X     2,877    3,530    3,979    3,547      (432)         17
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X     2,820    2,176    1,790      (386)     (1,030)
10. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X     2,591    1,994      (597)     X X X
11. 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     1,913    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. TOTALS   (1,582)     (2,616)
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>


<PAGE>

<TABLE>

                 ANNUAL STATEMENT FOR THE YEAR 1997 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 AT YEAR END ($000 OMITTED)             Development
 Years in       ---------------------------------------------------------------------------------------   ------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)       (12)        (13)
Losses Were
  Incurred      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997     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    17,640   16,417   14,408    (2,009)     (3,232)
 2. 1996        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     2,654    3,576       922      X X X
 3. 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       309    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                               4. TOTALS   (1,087)     (3,232)
------------------------------------------------------------------------------------------------------------------------------------

                                            SCHEDULE P -- PART 2J -- AUTO PHYSICAL DAMAGE
<CAPTION>
====================================================================================================================================
<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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                               4. TOTALS        0           0
------------------------------------------------------------------------------------------------------------------------------------

                                              SCHEDULE P -- PART 2K - FIDELITY, SURETY
<CAPTION>
====================================================================================================================================
<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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                               4. TOTALS        0           0
------------------------------------------------------------------------------------------------------------------------------------

                                                   SCHEDULE P -- PART 2L -- OTHER
                                               (INCLUDING CREDIT, ACCIDENT AND HEALTH)
<CAPTION>
====================================================================================================================================
<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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                               4. TOTALS        0           0
------------------------------------------------------------------------------------------------------------------------------------

                                               SCHEDULE P -- PART 2M -- INTERNATIONAL
<CAPTION>
====================================================================================================================================
<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. 1988             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0         0           0
 6. 1992        X X X    X X X    X X X    X X X         0   N O N E       0        0        0        0         0           0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1994        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. 1995        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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. TOTALS        0           0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>



<PAGE>
<TABLE>

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

                                               SCHEDULE P -- PART 2N -- REINSURANCE A
                                                  Nonproportional Assumed Property
<CAPTION>
====================================================================================================================================
    (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      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997     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. 1988             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0         0           0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0         0           0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1994        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. 1995        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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. TOTALS        0           0
------------------------------------------------------------------------------------------------------------------------------------

                                               SCHEDULE P -- PART 2O -- REINSURANCE B
                                                  Nonproportional Assumed Liability
<CAPTION>
====================================================================================================================================
<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. 1988             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0         0           0
 6. 1992        X X X    X X X    X X X    X X X         0   N O N E       0        0        0        0         0           0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1994        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. 1995        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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. TOTALS        0           0
------------------------------------------------------------------------------------------------------------------------------------

                                               SCHEDULE P -- PART 2P -- REINSURANCE C
                                               Nonproportional Assumed Financial Lines
<CAPTION>
====================================================================================================================================
<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. 1988             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0         0           0
 6. 1992        X X X    X X X    X X X    X X X         0   N O N E       0        0        0        0         0           0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1994        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. 1995        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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              12. TOTALS        0           0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>


<PAGE>

<TABLE>

                 ANNUAL STATEMENT FOR THE YEAR 1997 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      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997     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. 1988             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1991        X X X    X X X    X X X         0        0   N O N E       0        0        0        0         0           0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0         0           0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1994        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. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X         0        0        0         3           3
10. 1996        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           0
11. 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         0         0           0
------------------------------------------------------------------------------------------------------------------------------------

                                                        SCHEDULE P -- PART 3B
                                             PRIVATE PASSENGER AUTO LIABILITY/MEDICAL
<CAPTION>
====================================================================================================================================
<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. 1988             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1991        X X X    X X X    X X X         0        0   N O N E       0        0        0        0         0           0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0         0           0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1994        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. 1995        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. 1996        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. 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         0         0           0
------------------------------------------------------------------------------------------------------------------------------------

                                                        SCHEDULE P -- PART 3D
                                              COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL
<CAPTION>
====================================================================================================================================
<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. 1988             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0         0           0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0         0           0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1994        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. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X         9        9        9         3           1
10. 1996        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        2         1           0
11. 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         0         0           0
------------------------------------------------------------------------------------------------------------------------------------

                                           SCHEDULE P -- PART 3D -- WORKER'S COMPENSATION
<CAPTION>
====================================================================================================================================
<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. 1988             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1991        X X X    X X X    X X X         0        0   N O N E       0        0        0        0         0           0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0         0           0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1994        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. 1995        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. 1996        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. 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         0         0           0
------------------------------------------------------------------------------------------------------------------------------------

                                         SCHEDULE P -- PART 3E -- COMMERCIAL MULTIPLE PERIL
<CAPTION>
====================================================================================================================================
<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. 1988             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1991        X X X    X X X    X X X         0        0   N O N E       0        0        0        0         0           0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0         0           0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1994        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. 1995        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. 1996        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. 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         0         0           0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>

                 ANNUAL STATEMENT FOR THE YEAR 1997 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      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997     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. 1988             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0         0           0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0         0           0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1994        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. 1995        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. 1996        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. 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         0         0           0
------------------------------------------------------------------------------------------------------------------------------------

                                                 SCHEDULE P -- PART 3F -- SECTION 2
                                                 MEDICAL MALPRACTICE -- CLAIMS MADE
<CAPTION>
====================================================================================================================================
<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. 1988             0        0        0        0        0        0        0        0        0        0         0           0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0         0           0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0         0           0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0         0           0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0         0           0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0         0           0
 8. 1994        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. 1995        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. 1996        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. 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         0         0           0
------------------------------------------------------------------------------------------------------------------------------------

                                             SCHEDULE P -- PART 3G -- SPECIAL LIABILITY
                                               (OCEAN MARINE, AIRCRAFT (ALL PERILS),
                                                       BOILER AND MACHINERY)
<CAPTION>
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior        0 0 0    9,724   15,261   21,290   22,163   25,081   27,044   29,451   29,704   29,638    X X X       X X X
 2. 1988         4,257   10,158   14,543   18,316   19,873   21,003   23,224   24,184   25,194   25,611    X X X       X X X
 3. 1989        X X X     4,687   13,043   18,129   21,312   25,434   27,928   29,299   30,676   31,146    X X X       X X X
 4. 1990        X X X    X X X     1,188    6,363   10,243   14,125   18,219   19,797   20,804   21,235    X X X       X X X
 5. 1991        X X X    X X X    X X X     1,933    4,862    9,849   11,471   12,863   14,249   14,700    X X X       X X X
 6. 1992        X X X    X X X    X X X    X X X     1,781    6,642    9,583   12,285   14,372   15,440    X X X       X X X
 7. 1993        X X X    X X X    X X X    X X X    X X X     4,093   12,546   17,525   20,223   22,675    X X X       X X X
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X     7,897   16,212   20,381   23,521    X X X       X X X
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X     6,667   13,978   18,206    X X X       X X X
10. 1996        X X X    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    X X X       X X X
11. 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    16,834    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------

                                                 SCHEDULE P -- PART 3H -- SECTION 1
                                                   OTHER LIABILITY -- OCCURRENCE
<CAPTION>
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior        0 0 0      281      511      852      (84)     866    1,963    3,061    3,980    4,897         0           0
 2. 1988            12      735    1,117    3,301    4,082    5,432    7,151    8,797    9,286    9,946         0           0
 3. 1989        X X X        39      222    1,101    1,733    4,631    7,689    9,440   10,555   11,061       449         287
 4. 1990        X X X    X X X        41      332      313    3,833    6,630    8,410   10,244   13,238       334         384
 5. 1991        X X X    X X X    X X X        56     (215)   2,985    7,392   10,285   14,191   16,151       343         383
 6. 1992        X X X    X X X    X X X    X X X      (100)     712    1,282    3,597    5,827    6,845       195         262
 7. 1993        X X X    X X X    X X X    X X X    X X X        20      169      841    2,637    4,863       109          94
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X        42      175    1,654    2,620        60          74
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X       438      674    1,026        49          17
10. 1996        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      102        16          23
11. 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        44         3           1
------------------------------------------------------------------------------------------------------------------------------------

                                                 SCHEDULE P -- PART 3H -- SECTION 2
                                                   OTHER LIABILITY -- CLAIMS MADE
<CAPTION>
====================================================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>         <C>
 1. Prior        0 0 0      251      303      339      502      662      713      920      947      972         0           0
 2. 1988             1        2      137      796    1,408    1,604    1,774    1,531    1,800    1,817         0           0
 3. 1989        X X X         0       45      573    2,094    2,486    2,764    2,788    2,794    2,795        41          60
 4. 1990        X X X    X X X        13       81      401      920    1,058    1,762    2,502    2,749        38         104
 5. 1991        X X X    X X X    X X X         4      175      621    1,259    1,397    1,654    2,382        33          74
 6. 1992        X X X    X X X    X X X    X X X        55      349      974    1,016    1,052    1,099        25          41
 7. 1993        X X X    X X X    X X X    X X X    X X X         9      456      997    1,095    1,301        29          13
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X         8      513    1,609    1,803        14          14
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X        30       80      130         7          24
10. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X       125      196         3           9
11. 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         1         0           5
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>


<PAGE>

<TABLE>

                 ANNUAL STATEMENT FOR THE YEAR 1997 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      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997     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    8,277    8,314    X X X       X X X
 2. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X     1,580    2,029    X X X       X X X
 3. 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        34    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------

                                            SCHEDULE P -- PART 3J -- AUTO PHYSICAL DAMAGE
<CAPTION>
====================================================================================================================================
<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. 1996        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. 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         0         0           0
------------------------------------------------------------------------------------------------------------------------------------

                                              SCHEDULE P -- PART 3K - FIDELITY/SURETY
<CAPTION>
====================================================================================================================================
<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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------

                                                   SCHEDULE P -- PART 3L -- OTHER
                                               (INCLUDING CREDIT, ACCIDENT AND HEALTH)
<CAPTION>
====================================================================================================================================

====================================================================================================================================
<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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------

                                               SCHEDULE P -- PART 3M -- INTERNATIONAL
<CAPTION>
====================================================================================================================================
<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. 1988             0        0        0        0        0        0        0        0        0        0    X X X       X X X
 3. 1989        X X X         0        0        0        0        0        0        0        0        0    X X X       X X X
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0    X X X       X X X
 5. 1991        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. 1992        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. 1993        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. 1994        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. 1995        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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<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     Without
  Incurred      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997     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. 1988             0        0        0        0        0        0        0        0        0        0    X X X       X X X
 3. 1989        X X X         0        0        0        0        0        0        0        0        0    X X X       X X X
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0    X X X       X X X
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0    X X X       X X X
 6. 1992        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. 1993        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. 1994        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. 1995        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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------

                                               SCHEDULE P -- PART 3O -- REINSURANCE B
                                                  Nonproportional Assumed Liability
<CAPTION>
====================================================================================================================================
<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. 1988             0        0        0        0        0        0        0        0        0        0    X X X       X X X
 3. 1989        X X X         0        0        0        0        0        0        0        0        0    X X X       X X X
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0    X X X       X X X
 5. 1991        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. 1992        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. 1993        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. 1994        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. 1995        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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------

                                               SCHEDULE P -- PART 3P -- REINSURANCE C
                                                  Nonproportional Assumed Financial Lines
<CAPTION>
====================================================================================================================================
<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. 1988             0        0        0        0        0        0        0        0        0        0    X X X       X X X
 3. 1989        X X X         0        0        0        0        0        0        0        0        0    X X X       X X X
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0    X X X       X X X
 5. 1991        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. 1992        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. 1993        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. 1994        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. 1995        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. 1996        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. 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         0    X X X       X X X
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>


<PAGE>

<TABLE>

                 ANNUAL STATEMENT FOR THE YEAR 1997 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      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997
--------------------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1988             0        0        0        0        0        0        0        0        0        0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1991        X X X    X X X    X X X         0   N O N E       0        0        0        0        0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1995        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. 1996        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. 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         0
--------------------------------------------------------------------------------------------------------------------

                                        SCHEDULE P -- PART 4B
                             PRIVATE PASSENGER AUTO LIABILITIES/MEDICAL
<CAPTION>
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1988             0        0        0        0        0        0        0        0        0        0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1991        X X X    X X X    X X X         0   N O N E       0        0        0        0        0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1995        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. 1996        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. 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         0
-------------------------------------------------------------------------------------------------------

                                        SCHEDULE P -- PART 4D
                              COMMERCIAL AUTO/TRUCK LIABILITIES/MEDICAL
<CAPTION>
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1988             0        0        0        0        0        0        0        0        0        0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X        25       15        0
10. 1996        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. 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         0
-------------------------------------------------------------------------------------------------------

                           SCHEDULE P -- PART 4D -- WORKER'S COMPENSATION
<CAPTION>
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1988             0        0        0        0        0        0        0        0        0        0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1991        X X X    X X X    X X X         0   N O N E       0        0        0        0        0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1995        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. 1996        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. 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         0
-------------------------------------------------------------------------------------------------------

                         SCHEDULE P -- PART 4E -- COMMERCIAL MULTIPLE PERIL
<CAPTION>
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1988             0        0        0        0        0        0        0        0        0        0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1991        X X X    X X X    X X X         0   N O N E       0        0        0        0        0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1995        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. 1996        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. 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         0
-------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>

                 ANNUAL STATEMENT FOR THE YEAR 1997 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      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997
-------------------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1988             0        0        0        0        0        0        0        0        0        0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1995        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. 1996        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. 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         0
-------------------------------------------------------------------------------------------------------------------

                                 SCHEDULE P -- PART 4F -- SECTION 2
                                 MEDICAL MALPRACTICE -- CLAIMS MADE
<CAPTION>
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1988             0        0        0        0        0        0        0        0        0        0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1995        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. 1996        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. 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         0
-------------------------------------------------------------------------------------------------------

                             SCHEDULE P -- PART 4G -- SPECIAL LIABILITY
                               (OCEAN MARINE, AIRCRAFT (ALL PERILS),
                                       BOILER AND MACHINERY)
<CAPTION>
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior       24,649   16,438   10,507    6,693    4,114    2,460     975       802      879      935
 2. 1988        17,241   10,033    5,446    3,382    2,108    1,374     781       499      348      389
 3. 1989        X X X    16,022    8,493    4,840    3,132    2,089   1,349       982      746      645
 4. 1990        X X X    X X X    16,059    8,978    5,512    3,984   2,382     1,707    1,199    1,046
 5. 1991        X X X    X X X    X X X    12,294    9,238    6,650   4,330     3,028    2,099    1,480
 6. 1992        X X X    X X X    X X X    X X X    18,114   11,250   7,551     5,441    3,691    2,497
 7. 1993        X X X    X X X    X X X    X X X    X X X    23,771  14,120    10,131    7,170    4,959
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X   30,864    21,693   14,830   10,634
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X   X X X     42,478   29,027   18,381
10. 1996        X X X    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
11. 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    33,677
-------------------------------------------------------------------------------------------------------

                                 SCHEDULE P -- PART 4H -- SECTION 1
                                    OTHER LIABILITY -- OCCURRENCE
<CAPTION>
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior        6,924    6,097    5,205    3,200    2,635    2,032   2,082     2,292    3,485    4,163
 2. 1988         6,824    5,023    5,353    3,901    3,644    2,965   1,944     1,401    1,068      711
 3. 1989        X X X    11,967    9,390    6,440    5,509    4,456   3,769     3,182    2,290    1,468
 4. 1990        X X X    X X X    12,350   10,020    8,344    6,754   5,495     4,734    3,403    2,426
 5. 1991        X X X    X X X    X X X    14,040   11,686    8,350   7,474     7,263    5,864    4,832
 6. 1992        X X X    X X X    X X X    X X X    13,717   10,061   7,397     6,087    5,415    4,059
 7. 1993        X X X    X X X    X X X    X X X    X X X     9,575   6,742     5,858    4,511    3,240
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X    6,240     4,489    3,493    2,991
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X   X X X      3,917    2,609    2,024
10. 1996        X X X    X X X    X X X    X X X    X X X    X X X   X X X     X X X     2,923    2,246
11. 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     2,409
-------------------------------------------------------------------------------------------------------

                                 SCHEDULE P -- PART 4H -- SECTION 2
                                  OTHER LIABILITY -- CLAIMS -- MADE
<CAPTION>
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior        3,314    2,999    1,737    1,022      586      379     234       237      189       22
 2. 1988         7,398    6,500    3,278    2,318    1,326      842     533       533      388      430
 3. 1989        X X X     6,541    4,189    3,326    1,904    1,317     855       847      621      567
 4. 1990        X X X    X X X     6,600    5,006    2,866    2,002   1,317     1,117      792      759
 5. 1991        X X X    X X X    X X X     5,743    3,288    2,627   1,721     1,403    1,029    1,159
 6. 1992        X X X    X X X    X X X    X X X     4,680    3,340   2,400     2,012    1,414    1,272
 7. 1993        X X X    X X X    X X X    X X X    X X X     3,213   2,137     1,744    1,350    1,285
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X    2,213     1,816    1,491    1,354
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X   X X X      2,465    1,906    1,547
10. 1996        X X X    X X X    X X X    X X X    X X X    X X X   X X X     X X X     2,090    1,535
11. 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     1,712
-------------------------------------------------------------------------------------------------------
</TABLE>


<PAGE>

<TABLE>

                 ANNUAL STATEMENT FOR THE YEAR 1997 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      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997
-------------------------------------------------------------------------------------------------------------------
<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     6,788    5,489    3,796
 2. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X       576      368
 3. 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       138
-------------------------------------------------------------------------------------------------------------------

                            SCHEDULE P -- PART 4J -- AUTO PHYSICAL DAMAGE
<CAPTION>
=======================================================================================================
<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. 1996        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. 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         0
-------------------------------------------------------------------------------------------------------

                              SCHEDULE P -- PART 4K - FIDELITY, SURETY
<CAPTION>
=======================================================================================================
<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
 2. 1996        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. 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         0
-------------------------------------------------------------------------------------------------------

                                   SCHEDULE P -- PART 4L -- OTHER
                               (INCLUDING CREDIT, ACCIDENT AND HEALTH)
<CAPTION>
=======================================================================================================
<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. 1996        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. 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         0
-------------------------------------------------------------------------------------------------------

                               SCHEDULE P -- PART 4M -- INTERNATIONAL
<CAPTION>
=======================================================================================================
<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. 1988             0        0        0        0        0        0        0        0        0        0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1991        X X X    X X X    X X X         0  N O N E        0        0        0        0        0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1995        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. 1996        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. 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         0
-------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>

                 ANNUAL STATEMENT FOR THE YEAR 1997 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      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997
-------------------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1988             0        0        0        0        0        0        0        0        0        0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1995        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. 1996        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. 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         0
-------------------------------------------------------------------------------------------------------------------

                               SCHEDULE P -- PART 4O -- REINSURANCE B
                                  Nonproportional Assumed Liability
<CAPTION>
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1988             0        0        0        0        0        0        0        0        0        0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1991        X X X    X X X    X X X         0  N O N E        0        0        0        0        0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1995        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. 1996        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. 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         0
-------------------------------------------------------------------------------------------------------

                               SCHEDULE P -- PART 4P -- REINSURANCE C
                               Nonproportional Assumed Financial Lines
<CAPTION>
=======================================================================================================
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1988             0        0        0        0        0        0        0        0        0        0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1991        X X X    X X X    X X X         0  N O N E        0        0        0        0        0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1995        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. 1996        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. 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         0
-------------------------------------------------------------------------------------------------------
</TABLE>



<PAGE>
<TABLE>

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

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

                                              SECTION 1
<CAPTION>
=======================================================================================================
    (1)                  CUMULATIVE PAID LOSSES AND ALLOCATED EXPENSES AT YEAR END
  Years in      ---------------------------------------------------------------------------------------
   Which         (2)      (3)      (4)      (5)      (6)      (7)      (8)      (9)     (10)     (11)
  Premiums
 Were Earned
    and
Losses Were
  Incurred      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997
-------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1988             0        0        0        0        0        0        0        0        0        0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X         3        3        3
10. 1996        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        1
11. 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         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      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997
-------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1988             0        0        0        0        0        0        0        0        0        0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X         2        2        0
10. 1996        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. 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         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      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997
-------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1988             0        0        0        0        0        0        0        0        0        0
 3. 1989        X X X         0        0        0        0        0        0        0        0        0
 4. 1990        X X X    X X X         0        0        0        0        0        0        0        0
 5. 1991        X X X    X X X    X X X         0        0        0        0        0        0        0
 6. 1992        X X X    X X X    X X X    X X X         0        0        0        0        0        0
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X         6        6        6
10. 1996        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        1
11. 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         0
-------------------------------------------------------------------------------------------------------


</TABLE>

<PAGE>


<TABLE>

                 ANNUAL STATEMENT FOR THE YEAR 1997 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      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997
-------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1988             0        0        0        0        0        0        0        0        0        0
 3. 1989        X X X         4       27      133      208      291      363      380      421      449
 4. 1990        X X X    X X X         3       22       78      157      241      257      289      334
 5. 1991        X X X    X X X    X X X         1       29       91      160      206      281      343
 6. 1992        X X X    X X X    X X X    X X X         2       25       64      111      161      195
 7. 1993        X X X    X X X    X X X    X X X    X X X         0        9       36       64      109
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X         2       12       32       60
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X        24       36       49
10. 1996        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       16
11. 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         3
-------------------------------------------------------------------------------------------------------

                                             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      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997
-------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior        3,478    3,414    3,296    3,102    2,985    2,926    2,546    2,501    2,181      769
 2. 1988           193      391      447      357      365      250      175      168       80       61
 3. 1989        X X X       214      435      437      469      312      225      178       84       45
 4. 1990        X X X    X X X       150      330      385      318      252      184      113       74
 5. 1991        X X X    X X X    X X X       171      350      324      323      265      152       85
 6. 1992        X X X    X X X    X X X    X X X       144      217      235      194      120       78
 7. 1993        X X X    X X X    X X X    X X X    X X X        82      160      161      151      104
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X        44      110      113       85
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X        27       53       37
10. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        32       25
11. 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        18
-------------------------------------------------------------------------------------------------------

                                             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      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997
-------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1988             0        0        0        0        0        0        0        0        0        0
 3. 1989        X X X       240      507      638      749      751      767      774      781      781
 4. 1990        X X X    X X X       171      407      530      642      703      705      769      792
 5. 1991        X X X    X X X    X X X       187      448      565      663      786      811      811
 6. 1992        X X X    X X X    X X X    X X X       154      326      408      504      535      535
 7. 1993        X X X    X X X    X X X    X X X    X X X        89      192      241      296      307
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X        46      122      193      219
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X        51       97      103
10. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        37       64
11. 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        22
-------------------------------------------------------------------------------------------------------

</TABLE>


<PAGE>


<TABLE>
                 ANNUAL STATEMENT FOR THE YEAR 1997 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      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997
-------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1988             0        0        0        0        0        0        0        0        0        0
 3. 1989        X X X         0        1        3       12       17       25       29       36       41
 4. 1990        X X X    X X X         0        1        8       16       23       31       36       38
 5. 1991        X X X    X X X    X X X         0        3       10       15       21       26       33
 6. 1992        X X X    X X X    X X X    X X X         2        4       11       16       20       25
 7. 1993        X X X    X X X    X X X    X X X         0        0        9       18       23       29
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X         2        7       10       14
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X         1        5        7
10. 1996        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        3
11. 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         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      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997
-------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior           81       87       99      113      121      131      108      105       89       15
 2. 1988            40       51       56       61       70       73       39       32       31        9
 3. 1989        X X X        52       61       68       61       65       49       39       21       11
 4. 1990        X X X    X X X        46       59       59       53       44       36       23       12
 5. 1991        X X X    X X X    X X X        28       47       45       38       31       20        6
 6. 1992        X X X    X X X    X X X    X X X        27       46       36       30       21        5
 7. 1993        X X X    X X X    X X X    X X X    X X X        23       32       30       23       15
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X        19       20       16       11
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X        21       26       16
10. 1996        X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        11        7
11. 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        14
-------------------------------------------------------------------------------------------------------

                                                              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      1988     1989     1990     1991     1992     1993     1994     1995     1996     1997
-------------------------------------------------------------------------------------------------------
<S>             <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior            0        0        0        0        0        0        0        0        0        0
 2. 1988             0        0        0        0        0        0        0        0        0        0
 3. 1989        X X X        52       62       71       73       82       91      101      112      112
 4. 1990        X X X    X X X        46       60       67       69       73      109      152      154
 5. 1991        X X X    X X X    X X X        28       50       55       57       89      113      113
 6. 1992        X X X    X X X    X X X    X X X        29       50       53       70       70       71
 7. 1993        X X X    X X X    X X X    X X X    X X X        24       44       54       55       57
 8. 1994        X X X    X X X    X X X    X X X    X X X    X X X        22       29       37       39
 9. 1995        X X X    X X X    X X X    X X X    X X X    X X X    X X X        22       39       47
10. 1996        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       19
11. 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        19
-------------------------------------------------------------------------------------------------------

</TABLE>

<PAGE>
<TABLE>

                 ANNUAL STATEMENT FOR THE YEAR 1997 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         1988     1989     1990     1991     1992     1993     1994     1995     1996     1997    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. 1988                0        0        0        0        0        0        0        0        0        0        0
 3. 1989           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1990           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1991           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1992           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1993           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1994           X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 9. 1995           X X X    X X X    X X X    X X X    X X X    X X X    X X X        36       40       40        0
10. 1996           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. 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         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       36        4        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         1988     1989     1990     1991     1992     1993     1994     1995     1996     1997    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. 1988                0        0        0        0        0        0        0        0        0        0        0
 3. 1989           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1990           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1991           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1992           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1993           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1994           X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 9. 1995           X X X    X X X    X X X    X X X    X X X    X X X    X X X         3        5        5        0
10. 1996           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. 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         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        3        2        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
  Incurred         1988     1989     1990     1991     1992     1993     1994     1995     1996     1997    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. 1988                0        0        0        0        0        0        0        0        0        0        0
 3. 1989           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1990           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1991           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1992           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1993           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1994           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. 1995           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. 1996           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. 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         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         1988     1989     1990     1991     1992     1993     1994     1995     1996     1997    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. 1988                0        0        0        0        0        0        0        0        0        0        0
 3. 1989           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1990           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1991           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1992           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1993           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1994           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. 1995           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. 1996           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. 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         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 1997 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         1988     1989     1990     1991     1992     1993     1994     1995     1996     1997    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. 1988                0        0        0        0        0        0        0        0        0        0        0
 3. 1989           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1990           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1991           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1992           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1993           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1994           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. 1995           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. 1996           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. 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         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         1988     1989     1990     1991     1992     1993     1994     1995     1996     1997    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. 1988                0        0        0        0        0        0        0        0        0        0        0
 3. 1989           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1990           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1991           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1992           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1993           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1994           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. 1995           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. 1996           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. 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         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         1988     1989     1990     1991     1992     1993     1994     1995     1996     1997    Earned
--------------------------------------------------------------------------------------------------------------------
<S>                <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>      <C>
 1. Prior               0        0        0        0        0        0        0        0        0        0       (4)
 2. 1988                0        0        0        0        0        0        0        0        0        0        0
 3. 1989           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1990           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1991           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1992           X X X    X X X    X X X    X X X         0        0        0        0        0        0      165
 7. 1993           X X X    X X X    X X X    X X X    X X X     4,979    9,435    9,960    9,722    9,722        0
 8. 1994           X X X    X X X    X X X    X X X    X X X    X X X     3,532    6,104    6,239    6,239        0
 9. 1995           X X X    X X X    X X X    X X X    X X X    X X X    X X X     1,450    3,066    3,124       58
10. 1996           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X     1,427    2,425      988
11. 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       836      836
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     2,053
13. Earned
    Premiums
    (Sch P-Pt 1)   22,264   30,497   29,819   25,877   17,471   12,003    7,739    4,517    3,305    2,053   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         1988     1989     1990     1991     1992     1993     1994     1995     1996     1997    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. 1988                0        0        0        0        0        0        0        0        0        0        0
 3. 1989           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1990           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1991           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1992           X X X    X X X    X X X    X X X         0        0        0        0        0        0       15
 7. 1993           X X X    X X X    X X X    X X X    X X X       549    1,422    1,415    1,422    1,422        0
 8. 1994           X X X    X X X    X X X    X X X    X X X    X X X       392       33       35       35        0
 9. 1995           X X X    X X X    X X X    X X X    X X X    X X X    X X X        38      106      106        0
10. 1996           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X         5       26       21
11. 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         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        36
13. Earned
    Premiums
    (Sch P-Pt 1)   10,018   14,177   10,899    5,962    2,251    1,329      857      224       92       36   X X X
--------------------------------------------------------------------------------------------------------------------

</TABLE>

<PAGE>
<TABLE>
                 ANNUAL STATEMENT FOR THE YEAR 1997 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         1988     1989     1990     1991     1992     1993     1994     1995     1996     1997    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. 1988                0        0        0        0        0        0        0        0        0        0        0
 3. 1989           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1990           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1991           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1992           X X X    X X X    X X X    X X X         0        0        0        0        0        0        7
 7. 1993           X X X    X X X    X X X    X X X    X X X     2,926    5,355    5,403    5,431    5,442       11
 8. 1994           X X X    X X X    X X X    X X X    X X X    X X X     2,045    4,085    4,151    4,151        0
 9. 1995           X X X    X X X    X X X    X X X    X X X    X X X    X X X     1,820    3,482    3,543       61
10. 1996           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X     1,415    2,523    1,108
11. 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     1,160    1,160
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     2,347
13. Earned
    Premiums
    (Sch P-Pt 1)   13,920   16,090   15,300   12,415    8,205    6,218    4,583    3,933    3,194    2,347   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         1988     1989     1990     1991     1992     1993     1994     1995     1996     1997    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. 1988                0        0        0        0        0        0        0        0        0        0        0
 3. 1989           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1990           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1991           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1992           X X X    X X X    X X X    X X X         0        0        0        0        0        0       (1)
 7. 1993           X X X    X X X    X X X    X X X    X X X       250      457      455      462      462        0
 8. 1994           X X X    X X X    X X X    X X X    X X X    X X X       143      191      193      194        1
 9. 1995           X X X    X X X    X X X    X X X    X X X    X X X    X X X        35       39       18      (21)
10. 1996           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X        32       35        3
11. 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        54       54
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        36
13. Earned
    Premiums
    (Sch P-Pt 1)    6,561    6,692    5,893    3,201      993      422      262      204       52       36   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         1988     1989     1990     1991     1992     1993     1994     1995     1996     1997    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. 1988                0        0        0        0        0        0        0        0        0        0        0
 3. 1989           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1990           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1991           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1992           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1993           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1994           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. 1995           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. 1996           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. 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         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         1988     1989     1990     1991     1992     1993     1994     1995     1996     1997    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. 1988                0        0        0        0        0        0        0        0        0        0        0
 3. 1989           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1990           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1991           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1992           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1993           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1994           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. 1995           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. 1996           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. 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         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 1997 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         1988     1989     1990     1991     1992     1993     1994     1995     1996     1997    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. 1988                0        0        0        0        0        0        0        0        0        0        0
 3. 1989           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1990           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1991           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1992           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1993           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1994           X X X    X X X    X X X    X X X    X X X    X X X        25       24       24       24        0
 9. 1995           X X X    X X X    X X X    X X X    X X X    X X X    X X X       111      136      136        0
10. 1996           X X X    X X X    X X X    X X X    X X X    X X X    X X X    X X X       257      267       10
11. 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        34       34
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        44
13. Earned
    Premiums
    (Sch P-Pt 1)        0        0        0        0        0        0       25      110      282       44   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         1988     1989     1990     1991     1992     1993     1994     1995     1996     1997    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. 1988                0        0        0        0        0        0        0        0        0        0        0
 3. 1989           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1990           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1991           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1992           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1993           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1994           X X X    X X X    X X X    X X X    X X X    X X X         0        0        0        0        0
 9. 1995           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. 1996           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        2        0
11. 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         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        1        2        0   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         1988     1989     1990     1991     1992     1993     1994     1995     1996     1997    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. 1988                0        0        0        0        0        0        0        0        0        0        0
 3. 1989           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1990           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1991           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1992           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1993           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1994           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. 1995           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. 1996           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. 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         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         1988     1989     1990     1991     1992     1993     1994     1995     1996     1997    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. 1988                0        0        0        0        0        0        0        0        0        0        0
 3. 1989           X X X         0        0        0        0        0        0        0        0        0        0
 4. 1990           X X X    X X X         0        0        0        0        0        0        0        0        0
 5. 1991           X X X    X X X    X X X         0        0        0        0        0        0        0        0
 6. 1992           X X X    X X X    X X X    X X X         0        0        0        0        0        0        0
 7. 1993           X X X    X X X    X X X    X X X    X X X         0        0        0        0        0        0
 8. 1994           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. 1995           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. 1996           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. 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         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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