Reserves for unpaid losses and loss adjustment expenses (Tables)

12 Months Ended

Dec. 31, 2018

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

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:

	December 31,
	2018			2017			2016
	(in thousands)
Net reserves for unpaid losses and loss adjustment expenses, beginning of year	$	267,493		$	194,602		$	124,126
Commutation of MLQS:
2016 MLQS	—			—			9,109
2015 MLQS	—			27,929			—
2014 MLQS	—			—			24,296
Total commutation of MLQS	—			27,929			33,405
Adjusted net reserves for losses and loss adjustment expenses	267,493			222,531			157,531
Incurred losses and loss adjustment expenses:
Current year	135,078			114,960			83,675
Prior year	(7,037		)	(11,280		)	(12,714		)
Total net losses and loss adjustment expenses incurred	128,041			103,680			70,961
Payments:
Current year	14,118			13,792			5,494
Prior year	67,653			44,926			28,396
Total payments	81,771			58,718			33,890
Net reserves for unpaid losses and loss adjustment expenses, end of year	313,763			267,493			194,602
Reinsurance recoverable on unpaid losses	55,389			48,224			70,199
Gross reserves for unpaid losses and loss adjustment expenses, end of year	$	369,152		$	315,717		$	264,801