Reserves for unpaid losses and loss adjustment expenses Reserve Development (Tables)

12 Months Ended

Dec. 31, 2017

Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability

The reconciliation of the net incurred and paid claims development tables to the liability for claims and claim adjustment expenses in the consolidated statement of financial position is as follows:



(in thousands)	December 31, 2017
Net outstanding liabilities
Property	$	2,700
Casualty - claims made	44,142
Casualty - occurrence	192,286
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	239,128

Reinsurance recoverable on unpaid claims
Property	2,018
Casualty - claims made	7,092
Casualty - occurrence	39,114
Total reinsurance recoverable on unpaid claims	48,224
Unallocated claims adjustment expenses	28,365
Gross liability for unpaid claims and claim adjustment expense	$	315,717

Property [Member]

Claims Development

Short-duration Insurance Contracts, Claims Development

Property



	Incurred Claims and Claim Adjustment Expenses, Net of Reinsurance
	For the Years Ended December 31,										As of December 31, 2017
Accident Year	2013 Unaudited		2014 Unaudited		2015 Unaudited		2016 Unaudited		2017		Total of IBNR Liabilities Plus Expected Development on Reported Claims		Cumulative Number of Reported Claims
	($ in thousands)
2013	$	417	$	205	$	103	$	88	$	81	$	—	7
2014			1,561		1,344		1,240		1,222		5		28
2015					1,394		880		857		26		63
2016							4,177		3,392		85		282
2017									12,473		624		998
							Total		$	18,025



	Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance
	For the Years Ended December 31,
Accident Year	2013 Unaudited		2014 Unaudited		2015 Unaudited		2016 Unaudited		2017
	($ in thousands)
2013	$	99	$	81	$	81	$	81	$	81
2014			169		1,217		1,217		1,217
2015					584		706		832
2016							1,867		3,257
2017									9,938
							Total		15,325
			All outstanding liabilities before 2013, net of reinsurance						—
			Liabilities for claims and claim adjustment expenses, net of reinsurance						$	2,700

Short-duration Insurance Contracts, Schedule of Historical Claims Duration

The following is supplementary information about average historical claims duration as of December 31, 2017:



Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance
Years	1		2		3		4		5
Property	67.9	%	29.6	%	4.9	%	—	%	—	%

Casualty - claims made [Member]

Claims Development

Short-duration Insurance Contracts, Claims Development

Casualty - Claims Made



	Incurred Claims and Claim Adjustment Expenses, Net of Reinsurance
	For the Years Ended December 31,																As of December 31, 2017
Accident Year	2010 Unaudited		2011 Unaudited		2012 Unaudited		2013 Unaudited		2014 Unaudited		2015 Unaudited		2016 Unaudited		2017		Total of IBNR Liabilities Plus Expected Development on Reported Claims		Cumulative Number of Reported Claims
	($ in thousands)
2010	$	778	$	805	$	679	$	737	$	946	$	916	$	894	$	883	$	24	14
2011			4,246		3,844		3,646		3,609		3,560		3,374		3,261		199		76
2012					7,913		5,749		4,205		3,102		2,845		2,477		576		138
2013							15,238		11,639		9,113		7,917		7,002		1,519		226
2014									18,847		14,289		11,748		11,217		3,247		271
2015											18,883		16,777		14,896		5,412		252
2016													19,170		14,694		9,162		303
2017															18,116		15,373		335
													Total		$	72,546



	Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance
	For the Years Ended December 31,
Accident Year	2010 Unaudited		2011 Unaudited		2012 Unaudited		2013 Unaudited		2014 Unaudited		2015 Unaudited		2016 Unaudited		2017
	($ in thousands)
2010	$	—	$	79	$	368	$	393	$	862	$	859	$	859	$	859
2011			139		1,037		1,392		2,116		3,044		3,042		3,042
2012					153		475		877		1,024		1,090		1,882
2013							499		1,915		4,436		5,070		5,320
2014									435		1,865		5,039		6,384
2015											217		4,496		7,562
2016													1,158		3,015
2017															340
													Total		28,404
					Liabilities for claims and claim adjustment expenses, net of reinsurance										$	44,142

Casualty - occurrence [Member]

Claims Development

Short-duration Insurance Contracts, Claims Development

Casualty - Occurrence



	Incurred Claims and Claim Adjustment Expenses, Net of Reinsurance
	For the Years Ended December 31,																As of December 31, 2017
Accident Year	2010 Unaudited		2011 Unaudited		2012 Unaudited		2013 Unaudited		2014 Unaudited		2015 Unaudited		2016 Unaudited		2017		Total of IBNR Liabilities Plus Expected Development on Reported Claims		Cumulative Number of Reported Claims
	($ in thousands)
2010	$	843	$	771	$	531	$	460	$	458	$	404	$	406	$	429	$	76	47
2011			5,839		5,940		5,757		7,340		7,613		8,142		8,375		641		214
2012					16,977		17,436		18,803		20,401		20,579		22,001		2,416		554
2013							30,616		28,771		28,037		29,039		31,731		6,371		784
2014									47,805		40,668		38,049		36,678		13,822		1,059
2015											59,717		51,739		49,122		25,959		1,130
2016													61,440		55,680		39,527		938
2017															71,126		63,393		712
													Total		$	275,142



	Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance
	For the Years Ended December 31,
Accident Year	2010 Unaudited		2011 Unaudited		2012 Unaudited		2013 Unaudited		2014 Unaudited		2015 Unaudited		2016 Unaudited		2017
	($ in thousands)
2010	$	4	$	37	$	59	$	113	$	263	$	261	$	273	$	309
2011			207		1,596		2,519		3,788		4,575		6,363		6,868
2012					757		4,441		7,850		11,238		14,382		16,474
2013							1,099		4,469		7,957		14,890		21,348
2014									698		3,081		8,489		17,576
2015											941		3,161		12,685
2016													1,099		6,015
2017															1,581
													Total		82,856
					Liabilities for claims and claim adjustment expenses, net of reinsurance										$	192,286

Casualty [Member]

Claims Development

Short-duration Insurance Contracts, Schedule of Historical Claims Duration

The following is supplementary information about average historical claims duration as of December 31, 2017:



	Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance
Years	1		2		3		4		5		6		7		8
Casualty - claims made	4.1	%	17.7	%	24.1	%	10.4	%	21.9	%	10.5	%	—	%	—	%
Casualty - occurrence	2.3	%	10.2	%	12.8	%	18.0	%	19.8	%	10.1	%	4.4	%	8.5	%