Exhibit 23.2


PRICEWATERHOUSECOOPERS


                                                 PricewaterhouseCoopers
                                                 Chartered Accountants
                                                 Dorchester House
                                                 7 Church Street
                                                 Hamilton
                                                 Bermuda HM 11
                                                 Telephone +1 (441) 295 2000
                                                 Racsimile +1 (441) 295-1242











March 10, 2004




Consent of Independent Accountants
----------------------------------


We consent to the inclusion of our report,  dated January 27, 2004, with respect
to the combined financial  statements of Olympus Re Holdings Ltd. as of December
31,  2003 and 2002 and for the years  ended  December  31, 2003 and 2002 and the
period from  December 3, 2001 (date of  incorporation)  to  December  31,  2001,
included  as  Item   15(d)(2)  in  this  Form  10-K  and  with  respect  to  the
incorporation  by  reference  in the  Registration  Statements  on Form S-8 (No.
2-84303), Form S-8 and S-3 (No. 33-6054), Form S-8 and S-3 (No. 33-26434),  Form
S-8 and S-3 (No. 33-30277),  Form S-8 (No.  33-61682),  Form S-8 (No. 33-61718),
Form S-8 (No. 333-51494) and Form S-4 (No. 333-86018).





/s/ PricewaterhouseCoopers

Chartered Accountants