XML 59 R43.htm IDEA: XBRL DOCUMENT v3.20.4
Reinsurance (Tables)
12 Months Ended
Dec. 31, 2020
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]  
Schedule of 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:
Year ended December 31,202020192018
Premiums Written
Direct$612,172 $461,409 $337,587 
Assumed5,193,993 4,346,341 2,972,840 
Ceded(1,709,832)(1,426,257)(1,178,525)
Net premiums written$4,096,333 $3,381,493 $2,131,902 
Premiums Earned
Direct$536,595 $404,525 $292,219 
Assumed5,078,682 4,348,261 2,779,796 
Ceded(1,662,815)(1,414,383)(1,095,886)
Net premiums earned$3,952,462 $3,338,403 $1,976,129 
Claims and Claim Expenses
Gross claims and claim expenses incurred$3,893,204 $3,221,778 $2,578,536 
Claims and claim expenses recovered(968,595)(1,124,757)(1,458,518)
Net claims and claim expenses incurred$2,924,609 $2,097,021 $1,120,018 
Schedule of Activity in the Allowance Recorded Against Premium Receivables The following table provides a roll forward of the provision for current expected credit losses of the Company’s premiums receivable:
Year ended December 31,2020
Beginning balance$2,096 
Provision for allowance3,865 
Ending balance$5,961 
Schedule of Activity in the Allowance Recorded Against Reinsurance Recoverables The following table provides a roll forward of the provision for current expected credit losses of the Company’s reinsurance recoverable:
Year ended December 31,2020
Beginning balance$7,265 
Provision for allowance(931)
Ending balance$6,334