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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 15

Certification and Notice of Termination of Registration under Section 12(g) of
the Securities Exchange Act of 1934 or Suspension of Duty to File Reports Under
Sections 13 and 15(d) of the Securities Exchange Act of 1934.

                             Commission File Number     0-03565
                                                   ----------------------------
                            CAPSURE HOLDINGS CORP.
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             (Exact name of registrant as specified in its charter)


              CNA Plaza, Chicago, Illinois 60685, (312) 822-4915
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    (Address, including zip code, and telephone number, including area code,
                  of registrant's principal executive offices)


                         Common Stock, par value $0.05
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            (Title of each class of securities covered by this Form)

                                     None
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  (Titles of all other classes of securities for which a duty to file reports
                     under section 13(a) or 15(d) remains)

Please place an X in the box(es) to designate the appropriate rule provision(s)
relied upon to  terminate or suspend the duty to file reports:


   Rule 12g-4(a)(1)(i)  [X]        Rule 12h-3(b)(1)(ii)  [X]
   Rule 12g-4(a)(1)(ii) [ ]        Rule 12h-3(b)(2)(i)   [ ]
   Rule 12g-4(a)(2)(i)  [ ]        Rule 12h-3(b)(2)(ii)  [ ]
   Rule 12g-4(a)(2)(ii) [ ]        Rule 15d-6            [ ]
   Rule 12h--3(b)(1)(i) [ ]

Approximate number of holders of record as of the certification or notice date:

         1                                
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        Pursuant to the requirements of the Securities Exchange Act of 1934 
Capsure Holdings Corp. has caused this certification/notice to be signed on 
its behalf by the undersigned duly authorized person.


  DATE: December 8, 1997                 BY: /s/ John S. Heneghan
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                                                John S. Heneghan
                                                Chief Financial Officer