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Reinsurance and Loss and Loss Adjustment Expenses (Tables)
9 Months Ended
Sep. 30, 2014
Text Block [Abstract]  
Effects of Reinsurance on Premiums Written and Earned

The effects of reinsurance on premiums written and earned are as follows:

 

(in thousands)    Period from May 1, 2014 to
September 30, 2014
 
     Written      Earned  

Direct premiums

   $ 315,568       $ 258,489   

Assumed premiums

     1         157   

Ceded premiums

     315,563         258,640   
  

 

 

    

 

 

 

Net premiums

   $ 6       $ 6   
  

 

 

    

 

 

 
Summary of Reinsurance Recoverable
The reinsurance recoverable balances as of September 30, 2014 are comprised of the following:

 

(in thousands)    2014  

Recoverable on paid losses

   $ —     

Recoverable on unpaid losses and loss expenses

     23,186   

Prepaid reinsurance premiums

     345,936   
  

 

 

 

Total

   $ 369,122