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Reinsurance (Tables)
9 Months Ended
Sep. 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 endedNine months ended
September 30,
2021
September 30,
2020
September 30,
2021
September 30,
2020
Premiums written
Direct$255,148 $138,208 $739,999 $463,462 
Assumed1,519,032 1,004,850 5,780,781 4,407,189 
Ceded(287,740)(243,647)(1,697,965)(1,520,629)
Net premiums written$1,486,440 $899,411 $4,822,815 $3,350,022 
Premiums earned
Direct$216,658 $128,621 $567,161 $401,177 
Assumed1,798,229 1,301,871 4,669,877 3,732,961 
Ceded(508,622)(430,309)(1,384,147)(1,210,761)
Net premiums earned$1,506,265 $1,000,183 $3,852,891 $2,923,377 
Claims and claim expenses
Gross claims and claim expenses incurred$3,063,826 $1,192,132 $4,980,178 $2,587,073 
Claims and claim expenses recovered(1,265,781)(250,102)(1,795,061)(563,817)
Net claims and claim expenses incurred$1,798,045 $942,030 $3,185,117 $2,023,256 
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 September 30, 2021Nine months ended September 30, 2021
Beginning balance$3,725 $5,961 
Provision for allowance(2,232)
Ending balance$3,729 $3,729 
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 September 30, 2021Nine months ended September 30, 2021
Beginning balance$7,024 $6,334 
Provision for allowance494 1,184 
Ending balance$7,518 $7,518