v2.4.0.6
Ceded Reinsurance (Tables)
3 Months Ended
Mar. 31, 2012
Supplemental Schedule of Reinsurance Premiums for Insurance Companies [Abstract]  
Effect Of Reinsurance And Retrocessional Activity On Premiums Written And Earned And On Net Claims And Claim Expenses
The following tables set forth the effect of reinsurance and retrocessional activity on premiums written and earned and on net claims and claim expenses incurred:
 
 
 
 
 
 
 
Three months ended March 31,
2012
 
2011
 
 
Premiums written
 
 
 
 
 
Direct
$
8,463

 
$
6,252

 
 
Assumed
655,688

 
604,253

 
 
Ceded
(171,576
)
 
(157,930
)
 
 
Net premiums written
$
492,575

 
$
452,575

 
 
Premiums earned
 
 
 
 
 
Direct
$
7,787

 
$
2,482

 
 
Assumed
357,286

 
394,535

 
 
Ceded
(86,408
)
 
(91,476
)
 
 
Net premiums earned
$
278,665

 
$
305,541

 
 
Claims and claim expenses
 
 
 
 
 
Gross claims and claim expenses incurred
$
15,282

 
$
863,323

 
 
Claims and claim expenses recovered
270

 
(234,786
)
 
 
Net claims and claim expenses incurred
$
15,552

 
$
628,537