| Effect Of Reinsurance And Retrocessional Activity On Premiums Written And Earned And On Net Claims And Claim Expenses |
| |
|
|
0000000000 |
|
|
|
0000000000 |
|
|
Three months ended September 30, |
|
2011 |
|
|
2010 |
|
| (in thousands of U.S. dollars) |
|
|
|
|
|
|
| |
|
|
|
Premiums written |
|
|
|
|
|
|
|
|
|
Direct |
|
$ |
6,423 |
|
|
$ |
1,466 |
|
|
Assumed |
|
|
133,515 |
|
|
|
110,077 |
|
|
Ceded |
|
|
(36,928 |
) |
|
|
(29,236 |
) |
| |
|
|
|
|
|
|
|
|
| |
|
|
|
Net premiums written |
|
$ |
103,010 |
|
|
$ |
82,307 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
Premiums earned |
|
|
|
|
|
|
|
|
|
Direct |
|
$ |
5,262 |
|
|
$ |
1,696 |
|
|
Assumed |
|
|
342,019 |
|
|
|
294,567 |
|
|
Ceded |
|
|
(118,057 |
) |
|
|
(83,908 |
) |
| |
|
|
|
|
|
|
|
|
| |
|
|
|
Net premiums earned |
|
$ |
229,224 |
|
|
$ |
212,355 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
Claims and claim expenses |
|
|
|
|
|
|
|
|
|
Gross claims and claim expenses incurred |
|
$ |
179,664 |
|
|
$ |
95,312 |
|
|
Claims and claim expenses recovered |
|
|
(101,834 |
) |
|
|
(17,376 |
) |
| |
|
|
|
|
|
|
|
|
| |
|
|
|
Net claims and claim expenses incurred |
|
$ |
77,830 |
|
|
$ |
77,936 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
0000000000 |
|
|
|
0000000000 |
|
|
Nine months ended September 30, |
|
2011 |
|
|
2010 |
|
| (in thousands of U.S. dollars) |
|
|
|
|
|
|
| |
|
|
|
Premiums written |
|
|
|
|
|
|
|
|
|
Direct |
|
$ |
21,984 |
|
|
$ |
5,545 |
|
|
Assumed |
|
|
1,370,022 |
|
|
|
1,128,549 |
|
|
Ceded |
|
|
(408,426 |
) |
|
|
(315,294 |
) |
| |
|
|
|
|
|
|
|
|
| |
|
|
|
Net premiums written |
|
$ |
983,580 |
|
|
$ |
818,800 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
Premiums earned |
|
|
|
|
|
|
|
|
|
Direct |
|
$ |
11,777 |
|
|
$ |
3,416 |
|
|
Assumed |
|
|
1,043,311 |
|
|
|
909,806 |
|
|
Ceded |
|
|
(303,148 |
) |
|
|
(238,043 |
) |
| |
|
|
|
|
|
|
|
|
| |
|
|
|
Net premiums earned |
|
$ |
751,940 |
|
|
$ |
675,179 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
Claims and claim expenses |
|
|
|
|
|
|
|
|
|
Gross claims and claim expenses incurred |
|
$ |
1,207,657 |
|
|
$ |
201,691 |
|
|
Claims and claim expenses recovered |
|
|
(350,029 |
) |
|
|
(45,218 |
) |
| |
|
|
|
|
|
|
|
|
| |
|
|
|
Net claims and claim expenses incurred |
|
$ |
857,628 |
|
|
$ |
156,473 |
|
| |
|
|
|
|
|
|
|
| |