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Collateralized Reinsurance And Trust Agreements (Tables)
12 Months Ended
Dec. 31, 2021
Collateralized Reinsurance And Trust Agreements [Abstract]  
Premiums And Losses Ceded By The Company To Affiliate

 

 

 

 

 

 

 

Years Ended December 31,

Mt. Logan Re Segregated Accounts

 

2021

 

2020

 

2019

(Dollars in thousands)

 

 

 

 

 

 

Ceded written premiums

 

341,460

 

303,178

 

291,979

Ceded earned premiums

 

332,989

 

306,184

 

294,762

Ceded losses and LAE

 

282,233

 

241,347

 

187,192

 

 

 

 

 

 

 

Assumed written premiums

 

12,120

 

18,831

 

17,005

Assumed earned premiums

 

12,120

 

18,831

 

17,005

Summary of Collateralized Reinsurance Agreements

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Class

 

Description

 

Effective Date

 

Expiration Date

 

Limit

 

Coverage Basis

Series 2017-1 Class A-2

 

US, Canada, Puerto Rico – Named Storm and Earthquake Events

 

4/13/2017

 

4/13/2022

 

$

50,000

 

 

Aggregate

Series 2017-1 Class B-2

 

US, Canada, Puerto Rico – Named Storm and Earthquake Events

 

4/13/2017

 

4/13/2022

 

 

75,000

 

 

Aggregate

Series 2017-1 Class C-2

 

US, Canada, Puerto Rico – Named Storm and Earthquake Events

 

4/13/2017

 

4/13/2022

 

 

175,000

 

 

Aggregate

Series 2018-1 Class A-1

 

US, Canada, Puerto Rico – Named Storm and Earthquake Events

 

4/30/2018

 

5/6/2022

 

 

62,500

 

 

Aggregate

Series 2018-1 Class B-1

 

US, Canada, Puerto Rico – Named Storm and Earthquake Events

 

4/30/2018

 

5/6/2022

 

 

200,000

 

 

Aggregate

Series 2018-1 Class A-2

 

US, Canada, Puerto Rico – Named Storm and Earthquake Events

 

4/30/2018

 

5/5/2023

 

 

62,500

 

 

Aggregate

Series 2018-1 Class B-2

 

US, Canada, Puerto Rico – Named Storm and Earthquake Events

 

4/30/2018

 

5/5/2023

 

 

200,000

 

 

Aggregate

Series 2019-1 Class A-1

 

US, Canada, Puerto Rico – Named Storm and Earthquake Events

 

12/12/2019

 

12/19/2023

 

 

150,000

 

 

Occurrence

Series 2019-1 Class B-1

 

US, Canada, Puerto Rico – Named Storm and Earthquake Events

 

12/12/2019

 

12/19/2023

 

 

275,000

 

 

Aggregate

Series 2019-1 Class A-2

 

US, Canada, Puerto Rico – Named Storm and Earthquake Events

 

12/12/2019

 

12/19/2024

 

 

150,000

 

 

Occurrence

Series 2019-1 Class B-2

 

US, Canada, Puerto Rico – Named Storm and Earthquake Events

 

12/12/2019

 

12/19/2024

 

 

275,000

 

 

Aggregate

Series 2021-1 Class A-1

 

US, Canada, Puerto Rico – Named Storm and Earthquake Events

 

4/8/2021

 

4/21/2025

 

 

150,000

 

 

Occurrence

Series 2021-1 Class B-1

 

US, Canada, Puerto Rico – Named Storm and Earthquake Events

 

4/8/2021

 

4/21/2025

 

 

85,000

 

 

Aggregate

Series 2021-1 Class C-1

 

US, Canada, Puerto Rico – Named Storm and Earthquake Events

 

4/8/2021

 

4/21/2025

 

 

85,000

 

 

Aggregate

Series 2021-1 Class A-2

 

US, Canada, Puerto Rico – Named Storm and Earthquake Events

 

4/8/2021

 

4/20/2026

 

 

150,000

 

 

Occurrence

Series 2021-1 Class B-2

 

US, Canada, Puerto Rico – Named Storm and Earthquake Events

 

4/8/2021

 

4/20/2026

 

 

90,000

 

 

Aggregate

Series 2021-1 Class C-2

 

US, Canada, Puerto Rico – Named Storm and Earthquake Events

 

4/8/2021

 

4/20/2026

 

 

90,000

 

 

Aggregate

 

 

Total available limit as of December 31, 2021

 

 

 

 

 

$

2,325,000

 

 

 

Schedule of Proceeds from Issuance of Notes Held in Reinsurance Trusts

(Dollars in thousands)

 

 

 

 

 

 

 

Note Series

 

Issue Date

 

Maturity Date

 

Amount

 

 

 

 

 

 

 

 

Series 2017-1 Class A-2

 

4/13/2017

 

4/13/2022

 

$

50,000

Series 2017-1 Class B-2

 

4/13/2017

 

4/13/2022

 

 

75,000

Series 2017-1 Class C-2

 

4/13/2017

 

4/13/2022

 

 

175,000

Series 2018-1 Class A-1

 

4/30/2018

 

5/6/2022

 

 

62,500

Series 2018-1 Class B-1

 

4/30/2018

 

5/6/2022

 

 

200,000

Series 2018-1 Class A-2

 

4/30/2018

 

5/5/2023

 

 

62,500

Series 2018-1 Class B-2

 

4/30/2018

 

5/5/2023

 

 

200,000

Series 2019-1 Class A-1

 

12/12/2019

 

12/19/2023

 

 

150,000

Series 2019-1 Class B-1

 

12/12/2019

 

12/19/2023

 

 

275,000

Series 2019-1 Class A-2

 

12/12/2019

 

12/19/2024

 

 

150,000

Series 2019-1 Class B-2

 

12/12/2019

 

12/19/2024

 

 

275,000

Series 2021-1 Class A-1

 

4/8/2021

 

4/21/2025

 

 

150,000

Series 2021-1 Class B-1

 

4/8/2021

 

4/21/2025

 

 

85,000

Series 2021-1 Class C-1

 

4/8/2021

 

4/21/2025

 

 

85,000

Series 2021-1 Class A-2

 

4/8/2021

 

4/20/2026

 

 

150,000

Series 2021-1 Class B-2

 

4/8/2021

 

4/20/2026

 

 

90,000

Series 2021-1 Class C-2

 

4/8/2021

 

4/20/2026

 

 

90,000

 

 

 

 

 

 

$

2,325,000