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Reinsurance | 6 Months Ended
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Jun. 30, 2017
Insurance [Abstract] |
Reinsurance | Reinsurance The Company purchases retrocession and reinsurance to limit and diversify the Company’s risk exposure and increase its own insurance and reinsurance underwriting capacity. These agreements provide for recovery of a portion of losses and loss adjustment expenses from reinsurers. As is the case with most reinsurance contracts, the Company remains liable to the extent that reinsurers do not meet their obligations under these agreements and therefore, in line with its risk management objectives, the Company evaluates the financial condition of its reinsurers and monitors concentrations of credit risk. The largest concentrations of un-collateralized reinsurance recoverables for unpaid losses as at June 30, 2017 were 13.4% (December 31, 2016 — 16.8%) with Munich Re which is rated AA- by S&P, 6.9% (December 31, 2016 — 12.8%) with Lloyd's Syndicates which are rated A+ by S&P and 4.4% (December 31, 2016 — 4.6%) with Axis which is rated A+ by S&P.

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- Definition The entire disclosure pertaining to the existence, magnitude and information about insurance that has been ceded to or assumed from another insurance company, including the methodologies and assumptions used in determining recorded amounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -URI http://asc.fasb.org/topic&trid=2303980 + Details
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