EXHIBIT 23.1

                        CONSENT OF INDEPENDENT AUDITORS

    We consent to the incorporation by reference in the Registration Statement
(Form S-8 No. 333-51496) pertaining to the Employee Stock Option Plan of
Scottish Annuity & Life Holdings, Ltd. of our report dated February 12, 2002,
with respect to the consolidated financial statements of Scottish Annuity & Life
Holdings, Ltd. included in the Annual Report (Form 10-K) for the year ended
December 31, 2001.

/s/ Ernst & Young

Philadelphia, Pennsylvania
February 28, 2002