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Related-Party Transactions (Tables)
9 Months Ended
Sep. 30, 2014
Related-Party Transactions [Abstract]  
Amendments To The Share Repurchase Program For The Common Shares Approved For Repurchase
Common Shares
Authorized for
Amendment Date
Repurchase
(Dollars in thousands)
09/21/2004
5,000,000
07/21/2008
5,000,000
02/24/2010
5,000,000
02/22/2012
5,000,000
05/15/2013
5,000,000
25,000,000
Purchase Price For Common Shares
(Dollars in thousands)
Total purchase price
$ 835,371
Dividends Received On Common Shares Reported As Net Investment Income
Three Months Ended
Nine Months Ended
September 30,
September 30,
(Dollars in thousands)
2014
2013
2014
2013
Dividends received
$ 7,290 $ 4,666 $ 21,870 $ 13,997
Expenses Incurred By Holdings From Services Provided By Affiliated Company
Three Months Ended
Nine Months Ended
September 30,
September 30,
(Dollars in thousands)
2014
2013
2014
2013
Expenses incurred
$ 22,149 $ 19,066 $ 55,668 $ 55,835
Affiliated Quota Share Reinsurance Agreements For All New And Renewal Business For The Indicated Coverage Period
(Dollars in thousands)
Percent
Assuming
Single
Aggregate
Coverage Period
Ceding Company
Ceded
Company
Type of Business
Occurrence Limit
Limit
01/01/2002-12/31/2002
Everest Re
20.0 %
Bermuda Re
property / casualty business
$ - $ -
01/01/2003-12/31/2003
Everest Re
25.0 %
Bermuda Re
property / casualty business
- -
01/01/2004-12/31/2005
Everest Re
22.5 %
Bermuda Re
property / casualty business
- -
Everest Re 2.5 % Everest International property / casualty business - -
01/01/2006-12/31/2006
Everest Re
18.0 %
Bermuda Re
property business
125,000 (1) -
Everest Re 2.0 % Everest International property business - -
01/01/2006-12/31/2007
Everest Re
31.5 %
Bermuda Re
casualty business
- -
Everest Re 3.5 % Everest International casualty business - -
01/01/2007-12/31/2007
Everest Re
22.5 %
Bermuda Re
property business
130,000 (1) -
Everest Re 2.5 % Everest International property business - -
01/01/2008-12/31/2008
Everest Re
36.0 %
Bermuda Re
property / casualty business
130,000 (1) 275,000 (2)
Everest Re 4.0 % Everest International property / casualty business - -
01/01/2009-12/31/2009
Everest Re
36.0 %
Bermuda Re
property / casualty business
150,000 (1) 325,000 (2)
Everest Re 8.0 % Everest International property / casualty business - -
01/01/2010-12/31/2010
Everest Re
44.0 %
Bermuda Re
property / casualty business
150,000 325,000
01/01/2011-12/31/2011
Everest Re
50.0 %
Bermuda Re
property / casualty business
150,000 300,000
01/01/2012
Everest Re
50.0 %
Bermuda Re
property / casualty business
100,000 200,000
01/01/2003-12/31/2006
Everest Re- Canadian Branch
50.0 %
Bermuda Re
property business
- -
01/01/2007-12/31/2009
Everest Re- Canadian Branch
60.0 %
Bermuda Re
property business
- -
01/01/2010-12/31/2010
Everest Re- Canadian Branch
60.0 %
Bermuda Re
property business
350,000 (3) -
01/01/2011-12/31/2011
Everest Re- Canadian Branch
60.0 %
Bermuda Re
property business
350,000 (3) -
01/01/2012-12/31/2012
Everest Re- Canadian Branch
75.0 %
Bermuda Re
property / casualty business
206,250 (3) 412,500 (3)
01/01/2013-12/31/2013
Everest Re- Canadian Branch
75.0 %
Bermuda Re
property / casualty business
150,000 (3) 412,500 (3)
01/01/2014 Everest Re- Canadian Branch 75.0 % Bermuda Re property / casualty business 262,500 (3) 412,500 (3)
01/01/2012
Everest Canada
80.0 %
Everest Re- Canadian Branch
property business
- -
(1)
The single occurance limit is applied before the loss cessions to either Bermuda Re or Everest International.
(2)
The aggregate limit is applied before the loss cessions to either Bermuda Re or Everest International.
(3)
Amounts shown are Canadian dollars.

Liability Limits For Any Losses Per One Occurrence
Liability Limits
(Dollars in thousands)
Exceeding
Not to Exceed
Losses per one occurrence
$ 100,000 $ 150,000
Loss Portfolio Transfer Reinsurance Agreements, Net Insurance Exposures And Reserves Were Transferred To An Affiliate
(Dollars in thousands)
Effective
Transferring
Assuming
% of Business or
Covered Period
Date
Company
Company
Amount of Transfer
of Transfer
09/19/2000
Mt. McKinley
Bermuda Re
100%
All years
10/01/2001
Everest Re(Belgium Branch)
Bermuda Re
100%
All years
10/01/2008
Everest Re
Bermuda Re
$ 747,022
01/01/2002-12/31/2007
Premiums And Losses Ceded By The Company To Affiliate

Three Months Ended
Nine Months Ended
Bermuda Re
September 30,
September 30,
(Dollars in thousands)
2014
2013
2014
2013
Ceded written premiums
$ 664,316 $ 567,033 $ 1,706,390 $ 1,553,615
Ceded earned premiums
598,641 507,308 1,613,741 1,437,109
Ceded losses and LAE (a)
344,513 337,036 879,336 835,022

Three Months Ended
Nine Months Ended
Everest International
September 30,
September 30,
(Dollars in thousands)
2014
2013
2014
2013
Ceded written premiums
$ 131 $ 295 $ 219 $ 429
Ceded earned premiums
176 336 450 750
Ceded losses and LAE
(321 ) (630 ) 1,823 (1,233 )

Three Months Ended
Nine Months Ended
Everest Canada
September 30,
September 30,
(Dollars in thousands)
2014
2013
2014
2013
Assumed written premiums
$ 10,425 $ 5,650 $ 25,650 $ 14,775
Assumed earned premiums
7,106 4,807 17,062 12,196
Assumed losses and LAE
4,104 4,536 10,487 8,810

(a) Ceded losses and LAE include the Mt. McKinley loss portfolio transfer that constitutes losses ceded under retroactive reinsurance and therefore, in accordance with FASB guidance, a deferred gain on retroactive reinsurance is reflected in other expenses on the consolidated statements of operations and comprehensive income (loss).

 

 
Three Months Ended
Nine Months Ended
Mt. Logan Re
September 30,
September 30,
(Dollars in thousands)
2014
2013
2014
2013
Ceded written premiums
$ 44,728 $ 12,408 $ 93,322 $ 12,408
Ceded earned premiums
38,458 10,471 78,975 10,471
Ceded losses and LAE
3,113 1,805 17,904 1,805
Assumed written premiums
578 1,735 10,497 1,735
Assumed earned premiums
5,786 1,735 10,497 1,735
Assumed losses and LAE
- - - -