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RETROCESSION (Tables) | 6 Months Ended
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Jun. 30, 2025
Reinsurance Disclosures [Abstract] |
Schedule of Ceded Credit Risk | The following table provides a breakdown of ceded reinsurance:
|  | Three months ended June 30 |  | Six months ended June 30
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Gross ceded premiums |  | $ | 15,101 |  |  | $ | 14,832 |  |  | $ | 43,649 |  |  | $ | 38,013 |
Earned ceded premiums |  | $ | 17,309 |  |  | $ | 11,849 |  |  | $ | 36,601 |  |  | $ | 27,091 |
Loss and loss adjustment expenses ceded |  | $ | 9,006 |  |  | $ | 14,773 |  |  | $ | 15,662 |  |  | $ | 37,849 |
Schedule of Effects of Reinsurance | The following table shows a breakdown of losses recoverable on a gross and net of collateral basis:
|  | June 30, 2025 |  | December 31, 2024
|  | Gross |  | Net of Collateral(1) |  | Gross |  | Net of Collateral(1)
A- or better by A.M. Best |  | $ | 91,323 |  |  | $ | 73,941 |  |  | $ | 82,181 |  |  | $ | 63,979 |
Not rated |  | 3,148 |  |  | 556 |  |  | 4,109 |  |  | 2,027 |
Total before provision |  | $ | 94,471 |  |  | $ | 74,497 |  |  | $ | 86,290 |  |  | $ | 66,006 |
Provision for credit losses |  | (500) |  |  |  |  | (500) |  |  |
Total loss and loss adjustment expenses recoverable, net |  | $ | 93,971 |  |  |  |  | $ | 85,790 |  |  |
(1) Collateral is in the form of cash, letters of credit, funds withheld, and/or cash collateral held in trust accounts. This excludes any excess collateral in order to disclose the aggregate net exposure for each retrocessionaire.

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- Definition Tabular disclosure of the effects of reinsurance, for example, but not limited to, disclosure of direct, assumed, and ceded insurance. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479838/944-20-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479032/944-605-50-1 + Details
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- Definition Tabular disclosure of reinsurer or group of reinsurers for whom the entity has a concentration of credit risk. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 1B -SubTopic 825 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477351/944-825-50-1B + Details
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