XML 117 R65.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Loss and loss adjustment expense reserves - Schedule of activity in the reserve for losses and loss adjustment expenses (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]              
Gross reserves for loss and loss adjustment expenses, beginning of year $ 937,157 $ 720,570 $ 605,129        
Less: loss and loss adjustment expenses recoverable, beginning of year (5,520) (2,031) (1,113) $ (5,520) $ (2,031) $ (1,113) $ (1)
Net reserves for loss and loss adjustment expenses, beginning of year       1,099,434 931,279 719,457 605,128
Increase (decrease) in net loss and loss adjustment expenses incurred in respect of losses occurring in:              
Current year 489,994 434,276 422,801        
Prior years 86,495 (4,138) 52,743        
Total incurred loss and loss adjustment expenses 403,499 438,414 370,058        
Net loss and loss adjustment expenses paid in respect of losses occurring in:              
Current year (63,638) (85,173) (110,799)        
Prior years (188,392) (132,336) (162,447)        
Total net paid losses (252,030) (217,509) (273,246)        
Foreign currency translation 16,686 (9,083) 17,517        
Net reserves for loss and loss adjustment expenses, beginning of year       1,099,434 931,279 719,457 605,128
Plus: loss and loss adjustment expenses recoverable, end of year (5,520) (2,031) (1,113)        
Deferred Costs       $ (6,738) $ (3,847) $ 0 $ 0
Gross reserves for loss and loss adjustment expenses, end of year 1,111,692 937,157 720,570        
Prior Year Claims and Claims Adjustment Expense, Including Amortization of Deferred Gains 86,500 (4,100) 52,700        
Impact On Underwriting Income [Member]              
Net loss and loss adjustment expenses paid in respect of losses occurring in:              
Prior Year Claims and Claims Adjustment Expense, Increase (Decrease) in Net Underwriting Loss 3,700 6,200 4,600        
Ratio Split [Member]              
Increase (decrease) in net loss and loss adjustment expenses incurred in respect of losses occurring in:              
Prior years 98,500 12,900 22,300        
Net loss and loss adjustment expenses paid in respect of losses occurring in:              
Change In Policy Acquisition Costs (100,900) (7,700) (19,800)        
Prior Year Claims and Claims Adjustment Expense, Increase (Decrease) in Earned Premium (7,800)            
Prior Year Claims and Claims Adjustment Expense, Increase (Decrease) in Net Underwriting Loss 5,400 5,200 2,500        
Premium Adjustments on Certain Contracts [Member]              
Increase (decrease) in net loss and loss adjustment expenses incurred in respect of losses occurring in:              
Prior years (12,000) (17,000) 30,400        
Net loss and loss adjustment expenses paid in respect of losses occurring in:              
Change in Accounting Estimate, Financial Impact (4,800) (22,400) 52,100        
Change In Policy Acquisition Costs 7,200 (5,400) 21,700        
Prior Year Claims and Claims Adjustment Expense, Increase (Decrease) in Premium Estimates 3,100 23,400 (50,000)        
Prior Year Claims and Claims Adjustment Expense, Increase (Decrease) in Net Underwriting Loss (1,700) 1,000 2,100        
Auto contracts [Member] | Ratio Split [Member]              
Net loss and loss adjustment expenses paid in respect of losses occurring in:              
Prior Year Claims and Claims Adjustment Expense, Increase (Decrease) in Net Underwriting Loss 3,500   (4,600)        
Retroactive reinsurance contracts | Ratio Split [Member]              
Increase (decrease) in net loss and loss adjustment expenses incurred in respect of losses occurring in:              
Prior years 69,400            
Net loss and loss adjustment expenses paid in respect of losses occurring in:              
Change In Policy Acquisition Costs (68,900)            
Prior Year Claims and Claims Adjustment Expense, Increase (Decrease) in Net Underwriting Loss 500            
Other Contracts [Member] | Ratio Split [Member]              
Net loss and loss adjustment expenses paid in respect of losses occurring in:              
Prior Year Claims and Claims Adjustment Expense, Increase (Decrease) in Net Underwriting Loss   (10,500) 1,300        
Multi-line | Ratio Split [Member]              
Net loss and loss adjustment expenses paid in respect of losses occurring in:              
Prior Year Claims and Claims Adjustment Expense, Increase (Decrease) in Net Underwriting Loss (8,100)            
Workers’ Compensation | Ratio Split [Member]              
Net loss and loss adjustment expenses paid in respect of losses occurring in:              
Prior Year Claims and Claims Adjustment Expense, Increase (Decrease) in Net Underwriting Loss 14,900 $ 15,800 $ 5,800        
General Liability [Member] | Ratio Split [Member]              
Net loss and loss adjustment expenses paid in respect of losses occurring in:              
Prior Year Claims and Claims Adjustment Expense, Increase (Decrease) in Net Underwriting Loss $ (8,800)