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

12 Months Ended

Dec. 31, 2018

Claims Development

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, 2018
Net outstanding liabilities
Property	$	2,942
Casualty - claims made	50,461
Casualty - occurrence	227,019
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	280,422
Reinsurance recoverable on unpaid claims
Property	1,133
Casualty - claims made	7,617
Casualty - occurrence	46,639
Total reinsurance recoverable on unpaid claims	55,389
Unallocated claims adjustment expenses	33,341
Gross liability for unpaid claims and claim adjustment expense	$	369,152

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, 2018
Accident Year	2014 Unaudited		2015 Unaudited		2016 Unaudited		2017 Unaudited		2018		Total of IBNR Liabilities Plus Expected Development on Reported Claims		Cumulative Number of Reported Claims
	($ in thousands)
2014	$	1,561	$	1,344	$	1,240	$	1,222	$	1,217	$	—	28
2015			1,394		880		857		872		7		63
2016					4,177		3,392		3,301		31		286
2017							12,473		11,705		115		1,031
2018									11,559		818		611
							Total		$	28,654

	Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance
	For the Years Ended December 31,
Accident Year	2014 Unaudited		2015 Unaudited		2016 Unaudited		2017 Unaudited		2018
	($ in thousands)
2014	$	169	$	1,217	$	1,217	$	1,217	$	1,217
2015			584		706		832		865
2016					1,867		3,257		3,265
2017							9,938		11,233
2018									9,132
							Total		25,712
			All outstanding liabilities before 2014, net of reinsurance						—
			Liabilities for claims and claim adjustment expenses, net of reinsurance						$	2,942

Short-duration Insurance Contracts, Schedule of Historical Claims Duration

The following is supplementary information about average historical claims duration as of December 31, 2018:

Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance
Years	1		2		3		4		5
Property	60.2	%	38.3	%	4.9	%	1.9	%	—	%

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, 2018
Accident Year	2010 Unaudited		2011 Unaudited		2012 Unaudited		2013 Unaudited		2014 Unaudited		2015 Unaudited		2016 Unaudited		2017 Unaudited		2018		Total of IBNR Liabilities Plus Expected Development on Reported Claims		Cumulative Number of Reported Claims
2010	$	778	$	805	$	679	$	737	$	946	$	916	$	894	$	883	$	876	$	17	14
2011			4,246		3,844		3,646		3,609		3,560		3,374		3,261		3,225		133		76
2012					7,913		5,749		4,205		3,102		2,845		2,477		2,314		368		138
2013							15,238		11,639		9,113		7,917		7,002		6,463		1,007		227
2014									18,847		14,289		11,748		11,217		10,948		1,963		273
2015											18,883		16,777		14,896		13,583		3,375		255
2016													19,170		14,694		14,675		5,031		308
2017															18,116		17,096		9,003		359
2018																	22,429		19,175		432
															Total		91,609

	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 Unaudited		2018
	($ in thousands)
2010	$	—	$	79	$	368	$	393	$	862	$	859	$	859	$	859	$	859
2011			139		1,037		1,392		2,116		3,044		3,042		3,042		3,065
2012					153		475		877		1,024		1,090		1,882		1,946
2013							499		1,915		4,436		5,070		5,320		5,439
2014									435		1,865		5,039		6,384		8,290
2015											217		4,496		7,562		9,238
2016													1,158		3,015		6,907
2017															340		4,897
2018																	507
															Total		41,148
					Liabilities for claims and claim adjustment expenses, net of reinsurance												$	50,461

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, 2018
Accident Year	2010 Unaudited		2011 Unaudited		2012 Unaudited		2013 Unaudited		2014 Unaudited		2015 Unaudited		2016 Unaudited		2017 Unaudited		2018	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	402	$	55	48
2011			5,839		5,940		5,757		7,340		7,613		8,142		8,375		9,023	446		220
2012					16,977		17,436		18,803		20,401		20,579		22,001		22,401	1,753		566
2013							30,616		28,771		28,037		29,039		31,731		33,248	4,594		822
2014									47,805		40,668		38,049		36,678		39,313	9,704		1,122
2015											59,717		51,739		49,122		52,100	17,260		1,253
2016													61,440		55,680		53,549	27,787		1,143
2017															71,126		67,151	47,150		1,116
2018																	86,157	75,246		756
															Total		363,344

	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 Unaudited		2018
	($ in thousands)
2010	$	4	$	37	$	59	$	113	$	263	$	261	$	273	$	313	346
2011			207		1,596		2,519		3,788		4,575		6,363		6,868		8,510
2012					757		4,441		7,850		11,238		14,382		16,474		19,383
2013							1,099		4,469		7,957		14,890		21,348		26,715
2014									698		3,081		8,489		17,576		23,771
2015											941		3,161		12,685		28,385
2016													1,099		6,015		17,225
2017															1,581		9,352
2018																	2,638
															Total		136,325
					Liabilities for claims and claim adjustment expenses, net of reinsurance												$	227,019

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, 2018:

	Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance
Years	1		2		3		4		5		6		7		8		9
Casualty - claims made	4.0	%	19.6	%	25.5	%	11.0	%	21.3	%	8.9	%	0.9	%	0.4	%	—	%
Casualty - occurrence	2.3	%	10.2	%	13.5	%	19.5	%	19.0	%	11.2	%	7.2	%	14.1	%	8.3	%