Reserves for Unpaid Losses and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 30, 2018

Liability for Unpaid Claims and Claims Adjustment Expense, Activity in Liability [Abstract]

Schedule of Unpaid Losses and Loss Adjustment Expenses

The following table presents a reconciliation of consolidated beginning and ending reserves for unpaid losses and loss adjustment expenses:

	September 30,
	2018			2017
	(in thousands)
Net reserves for unpaid losses and loss adjustment expenses, beginning of year	$	267,493		$	194,602
Commutation of MLQS	—			27,929
Adjusted net reserves for losses and loss adjustment expenses, beginning of year	267,493			222,531
Incurred losses and loss adjustment expenses:
Current year	96,673			87,365
Prior years	(5,722		)	(11,831		)
Total net losses and loss adjustment expenses incurred	90,951			75,534
Payments:
Current year	4,095			4,317
Prior years	52,056			28,763
Total payments	56,151			33,080
Net reserves for unpaid losses and loss adjustment expenses, end of period	302,293			264,985
Reinsurance recoverable on unpaid losses	63,521			45,949
Gross reserves for unpaid losses and loss adjustment expenses, end of period	$	365,814		$	310,934