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REINSURANCE (Tables)
 12 Months Ended
Dec. 31, 2019
Reinsurance Disclosures [Abstract]  
Ceded and Assumed Reinsurance
Premiums and losses and loss settlement expenses related to our ceded business are as follows:
 
 
 
 
 
 
Years Ended December 31,
2019
 
2018
 
2017
Ceded Business
 
 
 
 
 
Ceded insurance in-force
$
—

 
$
—

 
$
1,014,794

Ceded premiums earned
—

 
716

 
2,722

Loss and loss settlement expenses ceded
—

 
1,473

 
3,726


Premiums and losses and loss settlement expenses related to our ceded and assumed business are as follows:
 
 
 
 
 
 
Years Ended December 31,
2019
 
2018
 
2017
Ceded Business
 
 
 
 
 
Ceded premiums written
$
74,511

 
$
66,800

 
$
61,273

Ceded premiums earned
72,023

 
63,487

 
61,305

Loss and loss settlement expenses ceded
28,447

 
22,317

 
33,303

 
 
 
 
 
 
Assumed Business
 
 
 
 
 
Assumed premiums written
$
27,869

 
$
16,761

 
$
15,179

Assumed premiums earned
25,412

 
16,957

 
15,059

Loss and loss settlement expenses assumed
14,813

 
(3,954
)
 
24,688
Reinsurance Programs and Retentions For 2019, there was an all lines annual aggregate excess of loss program with variable retention of 6.66 percent of gross net earned premium with a minimum retention of $58.5 million and a maximum of $71.5 million. Our all lines aggregate recovery is also limited to $30.0 million. For 2018, there was an all lines annual aggregate excess of loss program with a variable retention of 6.78 percent of gross net earned premium with a minimum retention of $58.5 million and a maximum of $71.5 million. Our all lines aggregate recovery is also limited to a maximum of $30.0 million. For 2017, there was an all lines annual aggregate excess of loss program with a variable retention of 7.02 percent of gross net earned premium with a minimum retention of $58.5 million and a maximum of $71.5 million. Our all lines aggregate recovery is also limited to a maximum of $30.0 million.
 
2019 Reinsurance Programs
Type of Reinsurance
Stated Retention
 
Limits
 
Coverage
Casualty excess of loss
$
2,500

 
$
60,000

 
100
%
of
$
57,500

Property excess of loss
2,500

 
25,000

 
100
%
of
$
22,500

Surety excess of loss
1,500

 
45,000

 
100
%
of
$
43,500

Property catastrophe, excess
20,000

 
250,000

 
100
%
of
$
230,000

Boiler and machinery
N/A

 
50,000

 
100
%
of
$
50,000

 
2018 Reinsurance Programs
Type of Reinsurance
Stated Retention
 
Limits
 
Coverage
Casualty excess of loss
$
2,500

 
$
60,000

 
100
%
of
$
57,500

Property excess of loss
2,500

 
25,000

 
100
%
of
$
22,500

Surety excess of loss
1,500

 
45,000

 
100
%
of
$
43,500

Property catastrophe, excess
20,000

 
250,000

 
100
%
of
$
230,000

Boiler and machinery
N/A

 
50,000

 
100
%
of
$
50,000


 
2017 Reinsurance Programs
Type of Reinsurance
Stated Retention
 
Limits
 
Coverage
Casualty excess of loss
$
2,500

 
$
60,000

 
100
%
of
$
57,500

Property excess of loss
2,500

 
25,000

 
100
%
of
$
22,500

Surety excess of loss
1,500

 
45,000

 
100
%
of
$
43,500

Property catastrophe, excess
20,000

 
250,000

 
100
%
of
$
230,000

Boiler and machinery
N/A

 
50,000

 
100
%
of
$
50,000