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Reinsurance (Tables)
9 Months Ended
Sep. 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
 
Nine months ended
 
 
 
September 30, 2014
 
September 30, 2013
 
September 30, 2014
 
September 30, 2013
 
 
Premiums written
 
 
 
 
 
 
 
 
 
Direct
$
20,481

 
$
12,198

 
$
54,043

 
$
38,848

 
 
Assumed
180,511

 
170,451

 
1,363,749

 
1,482,442

 
 
Ceded
(41,279
)
 
(55,408
)
 
(461,325
)
 
(398,127
)
 
 
Net premiums written
$
159,713

 
$
127,241

 
$
956,467

 
$
1,123,163

 
 
Premiums earned
 
 
 
 
 
 
 
 
 
Direct
$
18,101

 
$
11,395

 
$
47,279

 
$
32,057

 
 
Assumed
354,142

 
387,194

 
1,090,129

 
1,134,673

 
 
Ceded
(113,264
)
 
(103,872
)
 
(331,479
)
 
(308,869
)
 
 
Net premiums earned
$
258,979

 
$
294,717

 
$
805,929

 
$
857,861

 
 
Claims and claim expenses
 
 
 
 
 
 
 
 
 
Gross claims and claim expenses incurred
$
76,973

 
$
66,712

 
$
242,187

 
$
217,705

 
 
Claims and claim expenses recovered
(7,326
)
 
(5,784
)
 
(32,237
)
 
(25,564
)
 
 
Net claims and claim expenses incurred
$
69,647

 
$
60,928

 
$
209,950

 
$
192,141