7. Reinsurance (Tables)

12 Months Ended

Dec. 31, 2013

Reinsurance Tables

Single maximum risks under treaties per occurrence

The single maximum risks to which the Company is subject under these treaties per occurrence are as follows:

Treaty	Extent of Loss	Risk Retained
Personal Lines	Initial $1,200,000	$300,000
	$1,200,000 - $2,900,000	None(1)
	Over $2,900,000	100%
Personal Umbrella	Initial $1,000,000	$100,000
	$1,000,000 - $2,000,000	None(1)
	Over $2,000,000	100%
Commercial Lines	Initial $400,000	$300,000
	$400,000 - $2,900,000	None(1)
	Over $2,900,000	100%
Commercial Auto	Initial $300,000	$300,000
	$300,000 - $2,000,000	None(1)
	Over $2,000,000	100%
Catastrophe (2)	Initial $4,000,000	$1,000,000
	$4,000,000 - $90,000,000	None
	Over $90,000,000	100%

(1) Covered by excess of loss treaties.

(2) Catastrophe coverage is limited on an annual basis to two times the per occurrence amounts.

Schedule of approximate reinsurance recoverables

Approximate reinsurance recoverables on unpaid and paid losses by reinsurer are as follows:

	Unpaid		Paid
($ in thousands)	Losses		Losses		Total		Security
December 31, 2013
Maiden Reinsurace Company	$	6,929	$	732	$	7,661	$	13,868	(1	)
SCOR Reinsurance Company		3,318		294		3,612		-
Swiss Reinsuarnace America Corporation		2,523		454		2,977		-
Motors Insurance Corporation		1,536		48		1,584		792	(1	)
Sirius American Insurance Company		1,410		44		1,454		-
Allied World Assurance Company		665		39		704		-
Others		983		246		1,229		135	(2	)
Total	$	17,364	$	1,857	$	19,221	$	14,795
December 31, 2012
Maiden Reinsurace Company	$	8,173	$	2,989	$	11,162	$	6,503	(1	)
SCOR Reinsurance Company		4,437		1,495		5,932		-
Motors Insurance Corporation		1,550		49		1,599		1,214	(1	)
Sirius American Insurance Company		1,406		18		1,424		-
Swiss Reinsurance America Corporation		1,705		756		2,461		-
Allied World Assurance Company		808		372		1,180		-
Others		341		113		454		91	(2	)
Total	$	18,420	$	5,792	$	24,212	$	7,808
(1) Secured pursuant to collateralized trust agreements.
(2) Guaranteed by an irrevocable letter of credit.

Schedule of Ceding commissions earned

Ceding commissions earned consists of the following:

	Years ended
	December 31,
	2013		2012
Provisional ceding commissions earned	$	11,007,342	$	8,516,240
Contingent ceding commissions earned		665,761		1,173,915
	$	11,673,103	$	9,690,155