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Reinsurance (Tables)
6 Months Ended
Jun. 30, 2014
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 Incurred
The following table sets forth the effect of reinsurance and retrocessional activity on premiums written and earned and on net claims and claim expenses incurred:
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended June 30,
 
Six months ended June 30,
 
 
 
2014
 
2013
 
2014
 
2013
 
 
Premiums written
 
 
 
 
 
 
 
 
 
Direct
$
19,707

 
$
16,333

 
$
33,562

 
$
26,650

 
 
Assumed
491,833

 
686,890

 
1,183,238

 
1,311,991

 
 
Ceded
(165,133
)
 
(144,114
)
 
(420,046
)
 
(342,719
)
 
 
Net premiums written
$
346,407

 
$
559,109

 
$
796,754

 
$
995,922

 
 
Premiums earned
 
 
 
 
 
 
 
 
 
Direct
$
14,949

 
$
10,789

 
$
29,178

 
$
20,662

 
 
Assumed
350,389

 
380,626

 
735,987

 
747,479

 
 
Ceded
(104,922
)
 
(99,526
)
 
(218,215
)
 
(204,997
)
 
 
Net premiums earned
$
260,416

 
$
291,889

 
$
546,950

 
$
563,144

 
 
Claims and claim expenses
 
 
 
 
 
 
 
 
 
Gross claims and claim expenses incurred
$
97,064

 
$
116,995

 
$
165,214

 
$
150,993

 
 
Claims and claim expenses recovered
(15,676
)
 
(13,033
)
 
(24,911
)
 
(19,780
)
 
 
Net claims and claim expenses incurred
$
81,388

 
$
103,962

 
$
140,303

 
$
131,213