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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of gross carrying amounts and accumulated amortization
The gross carrying amounts and accumulated amortization for each major specifically identifiable intangible asset class were as follows:
 
 
December 31,
 
 
2019
 
2018
 
Weighted-
Average
Life
(Years)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
(in thousands)
Trademarks
Indefinite
 
$
22,200

 
$

 
$
22,200

 
$

Insurance licenses and authorities
Indefinite
 
8,964

 

 
8,964

 

Identifiable intangibles not subject to amortization
 
31,164

 

 
31,164

 

Broker relationships
24.6
 
11,611

 
5,835

 
11,611

 
5,238

Identifiable intangible assets subject to amortization
 
11,611

 
5,835

 
11,611

 
5,238

 
$
42,775

 
$
5,835

 
$
42,775

 
$
5,238


Schedule of future estimated amortization

Future estimated amortization of specifically identifiable intangible assets as of December 31, 2019 is as follows (in thousands):
2020
$
538

2021
363

2022
363

2023
363

2024
363

Thereafter
3,786

Total
$
5,776


Schedule of acquired indefinite-lived intangible assets
The table below summarizes the changes in the net carrying values of intangible assets by segment for 2019:
 
December 31, 2018
 
 
 
 
 
December 31, 2019
Net Carrying
Value
 
Amortization
 
Impairment
Losses
 
Net Carrying
Value
(in thousands)
Excess and Surplus Lines
 
 
 
 
 
 
 
Trademarks
$
19,700

 
$

 
$

 
$
19,700

Insurance licenses and authorities
4,900

 

 

 
4,900

Broker relationships
5,965

 
(362
)
 

 
5,603

30,565

 
(362
)
 

 
30,203

Specialty Admitted Insurance
 
 
 
 
 
 
 
Trademarks
2,500

 

 

 
2,500

Insurance licenses and authorities
4,065

 

 

 
4,065

Broker relationships
407

 
(235
)
 

 
172

6,972

 
(235
)
 

 
6,737

Total identifiable intangible assets
$
37,537

 
$
(597
)
 
$

 
$
36,940

The table below summarizes the changes in the net carrying values of intangible assets by segment for 2018:
 
December 31, 2017
 
 
 
 
 
December 31, 2018
Net Carrying
Value
 
Amortization
 
Impairment
Losses
 
Net Carrying
Value
(in thousands)
Excess and Surplus Lines
 
 
 
 
 
 
 
Trademarks
$
19,700

 
$

 
$

 
$
19,700

Insurance licenses and authorities
4,900

 

 

 
4,900

Broker relationships
6,327

 
(362
)
 

 
5,965

30,927

 
(362
)
 

 
30,565

Specialty Admitted Insurance
 
 
 
 
 
 
 
Trademarks
2,500

 

 

 
2,500

Insurance licenses and authorities
4,265

 

 
(200
)
 
4,065

Broker relationships
642

 
(235
)
 

 
407

7,407

 
(235
)
 
(200
)
 
6,972

Total identifiable intangible assets
$
38,334

 
$
(597
)
 
$
(200
)
 
$
37,537


Schedule of acquired finite-lived intangible assets
The table below summarizes the changes in the net carrying values of intangible assets by segment for 2019:
 
December 31, 2018
 
 
 
 
 
December 31, 2019
Net Carrying
Value
 
Amortization
 
Impairment
Losses
 
Net Carrying
Value
(in thousands)
Excess and Surplus Lines
 
 
 
 
 
 
 
Trademarks
$
19,700

 
$

 
$

 
$
19,700

Insurance licenses and authorities
4,900

 

 

 
4,900

Broker relationships
5,965

 
(362
)
 

 
5,603

30,565

 
(362
)
 

 
30,203

Specialty Admitted Insurance
 
 
 
 
 
 
 
Trademarks
2,500

 

 

 
2,500

Insurance licenses and authorities
4,065

 

 

 
4,065

Broker relationships
407

 
(235
)
 

 
172

6,972

 
(235
)
 

 
6,737

Total identifiable intangible assets
$
37,537

 
$
(597
)
 
$

 
$
36,940

The table below summarizes the changes in the net carrying values of intangible assets by segment for 2018:
 
December 31, 2017
 
 
 
 
 
December 31, 2018
Net Carrying
Value
 
Amortization
 
Impairment
Losses
 
Net Carrying
Value
(in thousands)
Excess and Surplus Lines
 
 
 
 
 
 
 
Trademarks
$
19,700

 
$

 
$

 
$
19,700

Insurance licenses and authorities
4,900

 

 

 
4,900

Broker relationships
6,327

 
(362
)
 

 
5,965

30,927

 
(362
)
 

 
30,565

Specialty Admitted Insurance
 
 
 
 
 
 
 
Trademarks
2,500

 

 

 
2,500

Insurance licenses and authorities
4,265

 

 
(200
)
 
4,065

Broker relationships
642

 
(235
)
 

 
407

7,407

 
(235
)
 
(200
)
 
6,972

Total identifiable intangible assets
$
38,334

 
$
(597
)
 
$
(200
)
 
$
37,537