Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Invested assets:
Fixed maturity securities, available-for-sale, at fair value (amortized cost: 2020 – $1,664,382; 2019 – $1,398,533)	$ 1,747,404	$ 1,433,626
Equity securities, at fair value (cost:  2020 – $79,823; 2019 – $73,244)	78,045	80,735
Bank loan participations (2020: at fair value; 2019: held-for-investment, at amortized cost, net of allowance)	127,698
Bank loan participations (2020: at fair value; 2019: held-for-investment, at amortized cost, net of allowance)		260,864
Short-term investments	96,265	156,925
Other invested assets	47,463	61,210
Total invested assets	2,096,875	1,993,360
Cash and cash equivalents	204,309	206,912
Restricted cash equivalents	1,020,856	1,199,164
Accrued investment income	14,387	13,597
Premiums receivable and agents’ balances, net	339,822	369,462
Reinsurance recoverable on unpaid losses, net	727,102	668,045
Reinsurance recoverable on paid losses	43,308	33,221
Prepaid reinsurance premiums	215,285	178,976
Deferred policy acquisition costs	57,898	62,006
Intangible assets, net	36,642	36,940
Goodwill	181,831	181,831
Other assets	70,886	80,891
Total assets	5,009,201	5,024,405
Liabilities:
Reserve for losses and loss adjustment expenses	2,066,971	2,045,506
Unearned premiums	566,443	524,377
Payables to reinsurers	109,908	108,059
Funds held	1,020,856	1,199,164
Senior debt	217,300	158,300
Junior subordinated debt	104,055	104,055
Accrued expenses	53,262	58,416
Other liabilities	74,695	47,947
Total liabilities	4,213,490	4,245,824
Commitments and contingent liabilities	0	0
Shareholders’ equity:
Common Shares – 2020 and 2019: $0.0002 par value; 200,000,000 shares authorized; 30,553,178 and 30,424,391 shares issued and outstanding, respectively	6	6
Preferred Shares – 2020 and 2019: $0.00125 par value; 20,000,000 shares authorized; no shares issued and outstanding	0	0
Additional paid-in capital	660,427	657,875
Retained earnings	61,770	89,586
Accumulated other comprehensive income	73,508	31,114
Total shareholders’ equity	795,711	778,581
Total liabilities and shareholders’ equity	$ 5,009,201	$ 5,024,405