Related Party Disclosures (Tables)

9 Months Ended

Sep. 30, 2023

Through the Company's program services and other fronting operations, as well as its underwriting operations, the Company has programs with Nephila through which the Company writes insurance policies that are either partially or fully ceded to Nephila Reinsurers. Through these programs, Nephila utilizes certain of the Company's licensed insurance companies to write U.S. catastrophe-exposed property risk that is then ceded to Nephila Reinsurers. A portion of this business is placed by Velocity, which the Company retained a minority interest in following its disposition. Additionally, through the Company's insurance underwriting operations, the Company has a quota share agreement with Nephila through which it cedes a portion of its property business to Nephila Reinsurers. The following table summarizes the premiums ceded to Nephila Reinsurers.


	Quarter Ended September 30,				Nine Months Ended September 30,
(dollars in thousands)	2023		2022		2023		2022
Program services and other fronting:
Gross and ceded written premiums attributable to Nephila programs	$	501,838	$	398,872	$	1,036,126	$	889,644
Underwriting:
Premiums ceded to Nephila Reinsurers	$	10,058	$	15,037	$	39,905	$	44,656

Hagarty Related Party

The Company holds a minority ownership interest in Hagerty, which operates primarily as a managing general agent and also includes Hagerty Reinsurance Limited (Hagerty Re), a Bermuda Class 3 reinsurance company. Through the Company's underwriting operations, the Company underwrites insurance for Hagerty, a portion of which is ceded to Hagerty Re. The amounts attributed to these arrangements are summarized in the following table.


	Quarter Ended September 30,				Nine Months Ended September 30,
(dollars in thousands)	2023		2022		2023		2022
Gross written premiums attributable to Hagerty	$	227,693	$	197,041	$	628,889	$	540,447
Premiums ceded to Hagerty Re	$	174,455	$	130,430	$	480,924	$	357,729