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Reinsurance (Tables)
6 Months Ended
Jun. 30, 2022
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,
2022
June 30,
2021
June 30,
2022
June 30,
2021
Premiums Written
Direct$338,761 $259,712 $639,866 $484,851 
Assumed2,125,878 1,834,446 4,767,737 4,261,749 
Ceded(601,023)(581,866)(1,378,770)(1,410,225)
Net premiums written$1,863,616 $1,512,292 $4,028,833 $3,336,375 
Premiums Earned
Direct$278,609 $188,414 $521,370 $350,503 
Assumed1,610,214 1,455,002 3,300,482 2,871,648 
Ceded(432,440)(450,626)(879,044)(875,525)
Net premiums earned$1,456,383 $1,192,790 $2,942,808 $2,346,626 
Claims and Claim Expenses
Gross claims and claim expenses incurred$799,218 $666,106 $1,816,773 $1,916,352 
Claims and claim expenses recovered(92,979)(146,085)(268,801)(529,280)
Net claims and claim expenses incurred$706,239 $520,021 $1,547,972 $1,387,072 
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 endedSix months ended
June 30, 2022June 30, 2021June 30, 2022June 30, 2021
Beginning balance$2,776 $3,782 $2,776 $5,961 
Provision for allowance1,574 (57)1,574 (2,236)
Ending balance$4,350 $3,725 $4,350 $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 endedSix months ended
June 30, 2022June 30, 2021June 30, 2022June 30, 2021
Beginning balance$8,344 $6,605 $8,344 $6,334 
Provision for allowance661 419 661 690 
Ending balance$9,005 $7,024 $9,005 $7,024