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. (the Company) of our report dated February 11,
2003, and the incorporation by reference in Amendment No. 1 to the Registration
Statement (Form S-3 No. 333-102895) of the Company of our report dated February
11, 2003, with respect to the consolidated financial statements and schedules of
the Company included in the Annual Report (Form 10-K) for the year ended
December 31, 2002.


/s/ Ernst & Young LLP

Philadelphia, Pennsylvania
March 28, 2003