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Reinsurance (Tables)
6 Months Ended
Jun. 30, 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 endedSix months ended
June 30,
2021
June 30,
2020
June 30,
2021
June 30,
2020
Premiums written
Direct$259,712 $177,562 $484,851 $325,254 
Assumed1,834,446 1,524,310 4,261,749 3,402,339 
Ceded(581,866)(521,069)(1,410,225)(1,276,982)
Net premiums written$1,512,292 $1,180,803 $3,336,375 $2,450,611 
Premiums earned
Direct$188,414 $138,327 $350,503 $272,556 
Assumed1,455,002 1,281,357 2,871,648 2,431,090 
Ceded(450,626)(409,588)(875,525)(780,452)
Net premiums earned$1,192,790 $1,010,096 $2,346,626 $1,923,194 
Claims and claim expenses
Gross claims and claim expenses incurred$666,106 $647,226 $1,916,352 $1,394,941 
Claims and claim expenses recovered(146,085)(136,954)(529,280)(313,715)
Net claims and claim expenses incurred$520,021 $510,272 $1,387,072 $1,081,226 
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 June 30, 2021Six months ended June 30, 2021
Beginning balance$3,782 $5,961 
Provision for allowance(57)(2,236)
Ending balance$3,725 $3,725 
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 June 30, 2021Six months ended June 30, 2021
Beginning balance$6,605 $6,334 
Provision for allowance419 690 
Ending balance$7,024 $7,024