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COLLATERALIZED REINSURANCE AND TRUST AGREEMENTS (Tables)
6 Months Ended
Jun. 30, 2023
Collateralized Reinsurance And Trust Agreements [Abstract]  
Premiums and Losses Ceded by the Company to Affiliate
The following table summarizes the premiums and losses that are ceded by the Company to Mt. Logan Re segregated accounts and assumed by the Company from Mt. Logan Re segregated accounts.
Three Months Ended
June 30,
Six Months Ended
June 30,
Mt. Logan Re Segregated Accounts2023202220232022
(Dollars in millions)
Ceded written premiums$46 $32 $99 $82 
Ceded earned premiums52 41 98 92 
Ceded losses and LAE16 21 53 62 
Assumed written premiums
Assumed earned premiums
Assumed losses and LAE— — — — 
Summary of Collateralized Reinsurance Agreements The table below summarizes the various agreements.
(Dollars in millions)
ClassDescriptionEffective DateExpiration DateLimitCoverage Basis
Series 2019-1 Class A-1US, Canada, Puerto Rico – Named Storm and Earthquake Events12/12/201912/19/2023150 Occurrence
Series 2019-1 Class B-1US, Canada, Puerto Rico – Named Storm and Earthquake Events12/12/201912/19/2023275 Aggregate
Series 2019-1 Class A-2US, Canada, Puerto Rico – Named Storm and Earthquake Events12/12/201912/19/2024150 Occurrence
Series 2019-1 Class B-2US, Canada, Puerto Rico – Named Storm and Earthquake Events12/12/201912/19/2024275 Aggregate
Series 2021-1 Class A-1US, Canada, Puerto Rico – Named Storm and Earthquake Events4/8/20214/21/2025150 Occurrence
Series 2021-1 Class B-1US, Canada, Puerto Rico – Named Storm and Earthquake Events4/8/20214/21/202585 Aggregate
Series 2021-1 Class C-1US, Canada, Puerto Rico – Named Storm and Earthquake Events4/8/20214/21/202585 Aggregate
Series 2021-1 Class A-2US, Canada, Puerto Rico – Named Storm and Earthquake Events4/8/20214/20/2026150 Occurrence
Series 2021-1 Class B-2US, Canada, Puerto Rico – Named Storm and Earthquake Events4/8/20214/20/202690 Aggregate
Series 2021-1 Class C-2US, Canada, Puerto Rico – Named Storm and Earthquake Events4/8/20214/20/202690 Aggregate
Series 2022-1 Class AUS, Canada, Puerto Rico – Named Storm and Earthquake Events6/22/20226/25/2025300 Aggregate
Total available limit as of June 30, 2023$1,800