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Reinsurance (Tables)
3 Months Ended
Mar. 31, 2021
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:
Three months ended
March 31,
2021
March 31,
2020
Premiums written
Direct$225,139 $147,692 
Assumed2,427,303 1,878,029 
Ceded(828,359)(755,913)
Net premiums written$1,824,083 $1,269,808 
Premiums earned
Direct$162,089 $134,229 
Assumed1,416,646 1,149,733 
Ceded(424,899)(370,864)
Net premiums earned$1,153,836 $913,098 
Claims and claim expenses
Gross claims and claim expenses incurred$1,250,246 $747,715 
Claims and claim expenses recovered(383,195)(176,761)
Net claims and claim expenses incurred$867,051 $570,954 
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:
Three months ended March 312021
Beginning balance$5,961 
Provision for allowance(2,179)
Ending balance$3,782 
Schedule of Activity in the Allowance Recorded Against Reinsurance Recoverable The following table provides a roll forward of the provision for current expected credit losses of the Company’s reinsurance recoverable:
Three months ended March 312021
Beginning balance$6,334 
Provision for allowance271 
Ending balance$6,605