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Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Schedule of Profit Sharing Commission

The following table details the profit sharing commission provisional loss ratio compared to the estimated ultimate loss ratio for each effective quota share treaty between the Standard Commercial P&C business unit and Clarendon. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Treaty Effective Dates

 

 

7/1/2001

 

7/1/2002

 

7/1/2003

 

7/1/2004

Provisional loss ratio

 

60.0% 

 

59.0% 

 

59.0% 

 

64.2% 

Estimated ultimate loss ratio recorded at December 31, 2014

 

63.5% 

 

64.5% 

 

61.2% 

 

66.0% 

 

 

The following table details the profit sharing commission revenue provisional loss ratio compared to the estimated ultimate loss ratio for the effective quota share treaty between the E&S Commercial business unit and Republic.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Treaty Effective Dates

 

 

1/1/2006

 

1/1/2007

 

1/1/2008

Provisional loss ratio

 

65.0% 

 

65.0% 

 

65.0% 

Estimated ultimate loss ratio recorded at December 31, 2014

 

58.7% 

 

63.6% 

 

59.5%