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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
PREMIUMS EARNED AND OTHER REVENUES        
Direct premiums written $ 192,986 $ 171,370 $ 605,557 $ 558,024
Ceded premiums written (132,776) (123,984) (398,643) (393,673)
Net premiums written 60,210 47,386 206,914 164,351
Change in net unearned premium (698) 2,248 (43,068) (17,189)
Premiums earned, net 59,512 49,634 163,846 147,162
Net investment income (expense) 215 122 163 358
Net realized gains (losses) on investments (3,142) 5,884 (12,296) 12,496
Net unrealized gains (losses) on investments 8,091 (15,985) 11,490 (23,037)
Net foreign currency gains (losses) on investments   (455) 23 (384)
Commission revenue 4,822 5,192 15,494 14,313
Policy fees 3,461 3,535 11,434 12,110
Other revenue 1,578 1,486 4,558 4,400
Total premiums earned and other revenues 74,537 49,413 194,712 167,418
OPERATING COSTS AND EXPENSES        
Losses and loss adjustment expenses 36,301 29,343 91,912 81,380
General and administrative expenses 24,262 18,827 59,605 48,598
Total operating costs and expenses 60,563 48,170 151,517 129,978
INCOME BEFORE INCOME TAXES 13,974 1,243 43,195 37,440
Income taxes, current 624 7,331 10,484 25,690
Income taxes, deferred 5,094 (7,063) 6,805 (10,672)
Income taxes, net 5,718 268 17,289 15,018
NET INCOME AND COMPREHENSIVE INCOME $ 8,256 $ 975 $ 25,906 $ 22,422
Basic earnings per common share $ 0.21 $ 0.02 $ 0.65 $ 0.57
Weighted average of common shares outstanding - Basic 39,679 39,190 39,579 39,177
Fully diluted earnings per common share $ 0.20 $ 0.02 $ 0.64 $ 0.55
Weighted average of common shares outstanding - Diluted 40,450 40,330 40,458 40,536
Cash dividends declared per common share $ 0.08 $ 0.08 $ 0.26 $ 0.18