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Reinsurance (Tables)
9 Months Ended
Sep. 30, 2012
Reinsurance/Insurance Operations [Abstract]  
Reinsurance arrangements
                                                 
    Three Months Ended September 30, 2012     Nine Months Ended September 30, 2012  
    Premiums
Written
    Premiums
Earned
    Loss and Loss
Adjustment
Expenses
    Premiums
Written
    Premiums
Earned
    Loss and Loss
Adjustment
Expenses
 

Direct

  $ 192,986     $ 191,225     $ 68,286     $ 605,557     $ 556,685     $ 177,425  

Ceded

    (132,776     (131,713     (31,985     (398,643     (392,839     (85,513
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net

  $ 60,210     $ 59,512     $ 36,301     $ 206,914     $ 163,846     $ 91,912  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
     
    Three Months Ended September 30, 2011     Nine Months Ended September 30, 2011  
    Premiums
Written
    Premiums
Earned
    Loss and Loss
Adjustment
Expenses
    Premiums
Written
    Premiums
Earned
    Loss and Loss
Adjustment
Expenses
 

Direct

  $ 171,370     $ 175,858     $ 59,789     $ 558,024     $ 510,579     $ 166,280  

Ceded

    (123,984     (126,224     (30,446     (393,673     (363,417     (84,900
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net

  $ 47,386     $ 49,634     $ 29,343     $ 164,351     $ 147,162     $ 81,380  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Prepaid reinsurance premiums and reinsurance recoverables
                 
    As of
September 30, 2012
    As of
December 31, 2011
 

Prepaid reinsurance premiums

  $ 248,899     $ 243,095  
   

 

 

   

 

 

 
     

Reinsurance recoverable on unpaid losses and LAE

  $ 74,160     $ 88,002  

Reinsurance recoverable on paid losses

    6,640       (2,296

Reinsurance receivables, net

    30,528       55,205  
   

 

 

   

 

 

 

Reinsurance recoverables and receivables

  $ 111,328     $ 140,911