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Loss and loss adjustment expense reserves (Tables) | 6 Months Ended
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Jun. 30, 2014
Loss and Loss Adjustment Expense Reserves [Abstract] |
Schedule of loss and loss adjustment expense reserves | As of June 30, 2014 and December 31, 2013, loss and loss adjustment expense reserves in the condensed consolidated balance sheets was comprised of the following:
| June 30, 2014 |  | December 31, 2013
| ($ in thousands)
Case loss and loss adjustment expense reserves | $ | 42,488 |  |  | $ | 34,307 |
Incurred but not reported loss and loss adjustment expense reserves | 142,139 |  |  | 100,024 |
| $ | 184,627 |  |  | $ | 134,331 |
Schedule of activity in the reserve for losses and loss adjustment expenses | The following table represents the activity in the reserve for losses and loss adjustment expenses for the six months ended June 30, 2014 and 2013:
| June 30, 2014 |  | June 30, 2013
| ($ in thousands)
Gross reserves for loss and loss adjustment expenses, beginning of period | $ | 134,331 |  |  | $ | 67,271 |
Less: loss and loss adjustment expenses recoverable, beginning of period | (9,277 | ) |  | — |
Net reserves for loss and loss adjustment expenses, beginning of period | 125,054 |  |  | 67,271 |
Increase (decrease) in net loss and loss adjustment expenses incurred in respect of losses occurring in: |  |  |
Current year | 88,059 |  |  | 67,154 |
Prior years' | 2,609 |  |  | (2,824 | )
Total incurred loss and loss adjustment expenses | 90,668 |  |  | 64,330 |
Net loss and loss adjustment expenses paid in respect of losses occurring in: |  |  |
Current year | (22,141 | ) |  | (6,044 | )
Prior years' | (19,228 | ) |  | (16,647 | )
Total net paid losses | (41,369 | ) |  | (22,691 | )
Net reserve for loss and loss adjustment expenses, end of period | 174,353 |  |  | 108,910 |
Plus: loss and loss adjustment expenses recoverable, end of period | 10,274 |  |  | 4,190 |
Gross reserve for loss and loss adjustment expenses, end of period | $ | 184,627 |  |  | $ | 113,100 |

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- Definition Tabular disclosure of the components of loss and loss adjustment expense reserves (gross) including IBNR and case reserves. + References No definition available. + Details
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- Details
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- Definition Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6482485&loc=d3e14764-158437 + Details
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