XML 87 R76.htm IDEA: XBRL DOCUMENT v3.21.1
Debt - Narrative (Details)
£ in Millions
1 Months Ended 3 Months Ended
Apr. 07, 2020
USD ($)
Apr. 07, 2020
GBP (£)
Mar. 31, 2007
USD ($)
Mar. 31, 2021
USD ($)
credit_facility
Mar. 31, 2021
GBP (£)
Mar. 31, 2020
USD ($)
Mar. 31, 2021
EUR (€)
credit_facility
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Jun. 15, 2018
USD ($)
Mar. 31, 2007
EUR (€)
Debt Instrument                      
Total commitment under revolving credit facility $ 291,400,000         $ 234,000,000.0          
Debt covenant, maximum loan to value percent, period one       50.00%     50.00%        
Debt covenant, maximum loan to value percent, period two       40.00%     40.00%        
Debt covenant, maximum loan to value percent, period three       25.00%     25.00%        
Debt covenant, maximum loan to value percent, period four       15.00%     15.00%        
Debt covenant, maximum loan to value percent, period five       0.00%     0.00%        
Debt covenant, maximum loan to value percent       29.50%     29.50%        
Debt       $ 429,700,000       $ 376,400,000      
Draw down of debt and revolving line of credit       $ 105,300,000   $ 12,000,000.0          
Other                      
Debt Instrument                      
Secured credit facilities | credit_facility       2     2        
Specialty Insurance Distribution (NSM)                      
Debt Instrument                      
Debt       $ 272,700,000       272,600,000      
Weighted Average Interest rate       8.50%   7.60% 8.50%        
Specialty Insurance Distribution (NSM) | Term loan - hedged                      
Debt Instrument                      
Weighted Average Interest rate       9.20%   8.10% 9.20%        
Specialty Insurance Distribution (NSM) | Term loan - unhedged                      
Debt Instrument                      
Weighted Average Interest rate       7.70%   6.60% 7.70%        
NSM Bank Facility | Specialty Insurance Distribution (NSM)                      
Debt Instrument                      
Amount borrowed       $ 277,300,000              
Percentage of discounted future cash flows       10.00% 10.00%            
Debt       $ 277,300,000   $ 220,700,000   277,400,000 $ 221,300,000    
NSM Bank Facility | Term Loan                      
Debt Instrument                      
Debt       271,500,000       271,300,000      
Amount borrowed       277,300,000       277,400,000      
NSM Bank Facility | Term Loan | Specialty Insurance Distribution (NSM)                      
Debt Instrument                      
Amount borrowed 276,400,000         224,000,000.0          
Borrowings $ 52,400,000 £ 42.5   0   0          
NSM Bank Facility | Term Loan | Specialty Insurance Distribution (NSM) | Interest Rate Swap                      
Debt Instrument                      
Total commitment under revolving credit facility                   $ 151,000,000.0  
Hedged liability, fair value                   $ 151,000,000.0  
NSM Bank Facility | Term Loan | Specialty Insurance Distribution (NSM) | Interest Rate Swap | Term loan - hedged                      
Debt Instrument                      
Debt       147,200,000              
NSM Bank Facility | Term Loan | Specialty Insurance Distribution (NSM) | Interest Rate Swap | Term loan - unhedged                      
Debt Instrument                      
Debt       $ 130,100,000              
NSM Bank Facility | Term Loan | Specialty Insurance Distribution (NSM) | USD-LIBOR | Minimum                      
Debt Instrument                      
Basis spread on variable rate 4.25% 4.25%   5.50% 5.50%            
NSM Bank Facility | Term Loan | Specialty Insurance Distribution (NSM) | USD-LIBOR | Maximum                      
Debt Instrument                      
Basis spread on variable rate 4.75% 4.75%   6.00% 6.00%            
Debt instrument, interest rate, increase (decrease)       1.25% 1.25%            
NSM Bank Facility | Term Loan | Specialty Insurance Distribution (NSM) | GBP-LIBOR | Minimum                      
Debt Instrument                      
Basis spread on variable rate       6.00% 6.00%            
NSM Bank Facility | Term Loan | Specialty Insurance Distribution (NSM) | GBP-LIBOR | Maximum                      
Debt Instrument                      
Basis spread on variable rate       6.50% 6.50%            
Derivative, cap interest rate       1.25%     1.25%        
NSM Bank Facility | Revolving credit loan | Specialty Insurance Distribution (NSM)                      
Debt Instrument                      
Total commitment under revolving credit facility $ 15,000,000.0         10,000,000.0          
Borrowings       $ 0   $ 0          
NSM Bank Facility | GBP Term Loan | Specialty Insurance Distribution (NSM)                      
Debt Instrument                      
Borrowings       58,200,000 £ 42.5            
Other NSM                      
Debt Instrument                      
Debt               1,300,000      
Other NSM | Term Loan | Specialty Insurance Distribution (NSM)                      
Debt Instrument                      
Debt       1,400,000              
Kudu Bank Facility | Kudu                      
Debt Instrument                      
Total commitment under revolving credit facility       300,000,000.0              
Debt       60,800,000              
Kudu Bank Facility | Term Loan                      
Debt Instrument                      
Debt               86,300,000      
Amount borrowed               $ 89,200,000      
Kudu Bank Facility | Term Loan | Kudu                      
Debt Instrument                      
Amount borrowed       198,000,000.0              
Percentage of borrowing base       0.35              
Kudu Bank Facility | Line of Credit | Kudu                      
Debt Instrument                      
Interest Reserve       $ 3,900,000              
Kudu Bank Facility | Line of Credit | Kudu | London Interbank Offered Rate (LIBOR)                      
Debt Instrument                      
Basis spread on variable rate       4.30% 4.30%            
Kudu Bank Facility | Line of Credit | Kudu | Base Rate                      
Debt Instrument                      
Basis spread on variable rate       0.25% 0.25%            
Kudu Bank Facility | Revolving credit loan | Kudu                      
Debt Instrument                      
Total commitment under revolving credit facility       $ 102,000,000.0              
Repayments on credit facility       92,200,000              
First Credit Facility | Other                      
Debt Instrument                      
Total commitment under revolving credit facility       16,300,000              
First Credit Facility | Term Loan | Other                      
Debt Instrument                      
Total commitment under revolving credit facility       11,300,000              
Repayments of lines of credit       600,000              
Amount borrowed       8,800,000              
First Credit Facility | Delayed Draw Term Loans | Other                      
Debt Instrument                      
Total commitment under revolving credit facility       3,000,000.0              
First Credit Facility | Revolving credit loan | Other                      
Debt Instrument                      
Total commitment under revolving credit facility       2,000,000.0              
Draw down of debt and revolving line of credit       300,000              
Second Credit Facility | Other                      
Debt Instrument                      
Total commitment under revolving credit facility       15,000,000.0              
Second Credit Facility | Term Loan | Other                      
Debt Instrument                      
Total commitment under revolving credit facility       9,000,000.0              
Repayments of lines of credit       200,000              
Amount borrowed       8,700,000              
Second Credit Facility | Delayed Draw Term Loans | Other                      
Debt Instrument                      
Total commitment under revolving credit facility       4,000,000.0              
Second Credit Facility | Revolving credit loan | Other                      
Debt Instrument                      
Total commitment under revolving credit facility       2,000,000.0              
Ark | Term Loan                      
Debt Instrument                      
Total commitment under revolving credit facility       150,000,000.0              
Line of credit       45,000,000.0              
Ark Alesco Note | Junior Notes | Ark                      
Debt Instrument                      
Amount borrowed     $ 30,000,000.0                
Debt       30,000,000.0              
Ark Alesco Note | Junior Notes | London Interbank Offered Rate (LIBOR) | Ark                      
Debt Instrument                      
Basis spread on variable rate     4.60%                
Ark Dekania Note | Junior Notes | Ark                      
Debt Instrument                      
Amount borrowed | €                     € 12,000,000.0
Debt       $ 14,100,000     € 12,000,000.0        
Ark Dekania Note | Junior Notes | EURIBOR | Ark                      
Debt Instrument                      
Basis spread on variable rate     4.60%