Long-term debt	6 Months Ended
Jun. 30, 2020
Long-term debt
Long-term debt	5. Long-term debt In September 2018, the Company completed a private placement financing of $20.0 million floating rate senior secured notes (“Floating Rate Notes”). These Floating Rate Notes were redeemed in May 2019 pursuant to their terms and the Company did not have any debt subsequent to May 2019. The Company recognized a charge of $1.3 million upon redemption with $0.4 million due to the redemption premium and $0.9 million due to the write-off of unamortized debt issuance costs. The $0.4 million redemption premium was recognized as a component of interest expense and the $0.9 million issuance cost write-off was recognized as a component of other underwriting expenses in the Company's unaudited condensed consolidated statement of income (loss) and comprehensive income (loss). The Company incurred and paid $0.7 million and $1.1 million in interest expense related to the Floating Rate Notes for the three and six months ended June 30, 2019.

5. Long-term debt

In September 2018, the Company completed a private placement financing of $20.0 million floating rate senior secured notes (“Floating Rate Notes”). These Floating Rate Notes were redeemed in May 2019 pursuant to their terms and the Company did not have any debt subsequent to May 2019.

The Company recognized a charge of $1.3 million upon redemption with $0.4 million due to the redemption premium and $0.9 million due to the write-off of unamortized debt issuance costs. The $0.4 million redemption premium was recognized as a component of interest expense and the $0.9 million issuance cost write-off was recognized as a component of other underwriting expenses in the Company's unaudited condensed consolidated statement of income (loss) and comprehensive income (loss).

The Company incurred and paid $0.7 million and $1.1 million in interest expense related to the Floating Rate Notes for the three and six months ended June 30, 2019.