UNITED STATES
              SECURITIES AND EXCHANGE COMMISSION
                    Washington, D.C. 20549
                               
                           Form 10-C
                               
        REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                 INTERDEALER QUOTATION SYSTEM
                               
Filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
             and Rule 13a-17 or 15d-17 thereunder
                               
                 The Seibels Bruce Group, Inc.
           -----------------------------------------
        (Exact name of issuer as specified in charter)
                               
             1501 Lady Street, Columbia, SC  29201
        -----------------------------------------------
           (Address of principal executive offices)
                               
Issuer's telephone number, including area code    (803) 748-2000
                                              --------------------
                                 
            I.  CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of 5% or more in the number of shares
outstanding:
1.  Title of security    Common stock, par value $1.00 per share
                      --------------------------------------------
2.  Number of shares outstanding before the change  16,772,686   *
                                                  -------------------
3.  Number of shares outstanding after the change  18,407,686   *
                                                  ------------------
4.  Effective date of change   March 28, 1996
                             ----------------------
5.  Method of change:
     Specify method (such as merger, acquisition, exchange, distribution, stock
     split, reverse split, acquisition of stock for treasury, etc.) 
                                    Distribution
                              -------------------------
Give brief description of transaction  :  The Company issued 1,635,000 shares of
 its authorized  common stock to a group of investors for a price of $2.00 per
 share.  The investment  group was also granted options expiring at the end of
 the year 2000 to purchase an additional  1.635 million shares priced at the
 higher of $2.50 per share or the book value at the date of exercise.

*  - Not included in outstanding shares is 6,250,000 shares issued without
     voting rights pending the special shareholders' meeting in the second
     quarter of 1996.


                  II.  CHANGE IN NAME OF ISSUER

1.  Name prior to change ---------------------------------------------------
2.  Name after change  -----------------------------------------------------
3.  Effective date of charter amendment changing name ----------------------
4.  Date of shareholder approval of change, if required  -------------------


Date    April 10, 1996                      /s/ John A. Weitzel
    -------------------------              --------------------------------
                                           Chief Financial Officer
                                           (Officer's signature and title)



                                                             SEC 1811 (5/91)