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REINSURANCE (Tables)
 12 Months Ended
Dec. 31, 2014
REINSURANCE [Abstract]  
Summary of impact of the excess of loss reinsurance treaties
The impact of the reinsurance treaties on the financial statements is as follows.

  
Years Ended December 31,
 
  
2014
  
2013
  
2012
 
  
(Dollars in Thousands)
 
Premium written
      
Direct and Assumed
 
$
377,156
  
$
243,374
  
$
119,459
 
Ceded
  
(201,998
)
  
(82,709
)
  
(51,085
)
  
$
175,158
  
$
160,665
  
$
68,374
 
Premiums earned
            
Direct and Assumed
 
$
313,075
  
$
174,037
  
$
109,312
 
Ceded
  
(142,170
)
  
(69,656
)
  
(49,953
)
  
$
170,905
  
$
104,381
  
$
59,359
 
Losses and LAE incurred
            
Direct and Assumed
 
$
103,710
  
$
59,820
  
$
33,329
 
Ceded
  
(22,674
)
  
(3,410
)
  
(3,120
)
  
$
81,036
  
$
56,410
  
$
30,209
 

  
As of December 31,
 
  
2014
  
2013
 
  
(Dollars in Thousands)
 
Unpaid losses and LAE, net
    
Direct and Assumed
 
$
78,330
  
$
61,015
 
Ceded
  
(12,534
)
  
(2,742
)
         
  
$
65,796
  
$
58,273
 
         
Unearned premiums
        
Direct and Assumed
 
$
192,424
  
$
128,343
 
Ceded
  
(96,963
)
  
(37,135
)
         
  
$
95,461
  
$
91,208