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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
YearSummary Compensation Table Total for PEO(1)Compensation Actually Paid to PEO(1)(2)Average Summary Compensation Table Total for Non-PEO NEOs(3)Average Compensation Actually Paid to Non-PEO NEOs(2)(3)Value of Initial Fixed $100 Investment Based On:
Net Income (in ‘000s)
Growth in Fully Diluted Book Value per Share(5)
Total Shareholder ReturnPeer Group Total Shareholder Return(4)
(a)(b)(c)(d)(e)(f)(g)(h)(i)
2024$2,323,230$2,708,230$931,178$1,074,927$138.48$224.96$42,8167.2 %
2023$5,910,846$7,286,491$993,261$1,030,197$112.96$166.31$86,83016.8 %
2022$2,744,811$3,050,956$841,738$912,266$80.61$150.34$25,3422.4 %
2021$3,114,210$2,974,247$1,173,382$1,175,567$77.55$126.38$17,5784.2 %
2020$1,928,110$1,751,462$898,007$625,415$72.30$106.61$3,8664.2 %
        
Company Selected Measure Name Growth in Fully Diluted Book Value per Share        
Named Executive Officers, Footnote Simon Burton was the PEO in 2020, 2021, 2022, and 2023. Greg Richardson is the PEO for 2024.For 2020, the non-PEO NEOs are Laura Accurso, Tim Courtis, Tom Curnock, Neil Greenspan, and Patrick O’Brien. For 2021, the non-PEO NEOs are Laura Accurso, Tom Curnock, Neil Greenspan, and Patrick O’Brien. For 2022, the non-PEO NEOs are Tom Curnock, Neil Greenspan, Patrick O’Brien, and Faramarz Romer. For 2023, the non-PEO NEOs are David Sigmon, Tom Curnock, Neil Greenspan, Patrick O’Brien, and Faramarz Romer. For 2024, the non-PEO NEOs are David Sigmon, Tom Curnock, Patrick O’Brien, and Faramarz Romer.        
Peer Group Issuers, Footnote The peer group shown is the S&P 500 Property & Casualty Insurance Index, which is included in the performance graph of our 10-K filing.        
PEO Total Compensation Amount $ 2,323,230 $ 5,910,846 $ 2,744,811 $ 3,114,210 $ 1,928,110
PEO Actually Paid Compensation Amount $ 2,708,230 7,286,491 3,050,956 2,974,247 1,751,462
Adjustment To PEO Compensation, Footnote
YearExecutive(s)
Summary Compensation Table Total ($)
Subtract Stock Awards ($)
Add Year-End Fair Value of Equity Awards Granted in the Year that are Outstanding and Unvested ($)Add Vest Date Fair Value of Equity Awards Granted in the Year that Vest in the Same Year ($)
Add Amount Equal to Change as of the End of Fiscal Year from End of Prior Fiscal Year in Fair Value of Awards Granted in any Prior Fiscal Year that are Outstanding and Unvested Equity Awards ($)
Add Amount Equal to Change as of the Vesting Date from the End of Prior Fiscal Year in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)
Subtract Fair Value as of the End of the Prior Year of any Equity Awards Granted in a Prior Year that Failed to Meet Vesting Conditions in the Year ($)
Total Equity Award Adjustments ($)
CAP ($)
2024PEO2,323,230 (1,077,500)1,462,500 — — — — 385,000 2,708,230 
Other NEOs931,178 (271,847)321,171 — 87,279 7,147 — 143,749 1,074,927 
2023PEO5,910,846 (1,600,000)1,855,025 — 1,110,221 10,400 — 1,375,645 7,286,491 
Other NEOs993,261 (213,991)248,514 — 132,246 38,146 (167,980)36,936 1,030,197 
2022PEO2,744,811 (1,600,000)1,912,023 — 6,123 (12,000)— 306,145 3,050,956 
Other NEOs841,738 (322,702)385,634 — 18,349 (10,752)— 70,528 912,266 
2021PEO3,114,210 (1,200,000)1,024,837 — (9,600)44,800 — (139,963)2,974,247 
Other NEOs1,173,382 (270,000)230,586 — 26,759 14,839 — 2,185 1,175,567 
2020PEO1,928,110 (487,500)— 486,052 (112,800)(62,400)— (176,649)1,751,462 
Other NEOs898,007 (230,000)202,874 — (52,176)(193,291)— (272,592)625,415 
        
Non-PEO NEO Average Total Compensation Amount $ 931,178 993,261 841,738 1,173,382 898,007
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,074,927 1,030,197 912,266 1,175,567 625,415
Adjustment to Non-PEO NEO Compensation Footnote
YearExecutive(s)
Summary Compensation Table Total ($)
Subtract Stock Awards ($)
Add Year-End Fair Value of Equity Awards Granted in the Year that are Outstanding and Unvested ($)Add Vest Date Fair Value of Equity Awards Granted in the Year that Vest in the Same Year ($)
Add Amount Equal to Change as of the End of Fiscal Year from End of Prior Fiscal Year in Fair Value of Awards Granted in any Prior Fiscal Year that are Outstanding and Unvested Equity Awards ($)
Add Amount Equal to Change as of the Vesting Date from the End of Prior Fiscal Year in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)
Subtract Fair Value as of the End of the Prior Year of any Equity Awards Granted in a Prior Year that Failed to Meet Vesting Conditions in the Year ($)
Total Equity Award Adjustments ($)
CAP ($)
2024PEO2,323,230 (1,077,500)1,462,500 — — — — 385,000 2,708,230 
Other NEOs931,178 (271,847)321,171 — 87,279 7,147 — 143,749 1,074,927 
2023PEO5,910,846 (1,600,000)1,855,025 — 1,110,221 10,400 — 1,375,645 7,286,491 
Other NEOs993,261 (213,991)248,514 — 132,246 38,146 (167,980)36,936 1,030,197 
2022PEO2,744,811 (1,600,000)1,912,023 — 6,123 (12,000)— 306,145 3,050,956 
Other NEOs841,738 (322,702)385,634 — 18,349 (10,752)— 70,528 912,266 
2021PEO3,114,210 (1,200,000)1,024,837 — (9,600)44,800 — (139,963)2,974,247 
Other NEOs1,173,382 (270,000)230,586 — 26,759 14,839 — 2,185 1,175,567 
2020PEO1,928,110 (487,500)— 486,052 (112,800)(62,400)— (176,649)1,751,462 
Other NEOs898,007 (230,000)202,874 — (52,176)(193,291)— (272,592)625,415 
        
Compensation Actually Paid vs. Total Shareholder Return
The charts below show, for the past five years, the relationship of TSR relative to the Peer Group TSR, as well as the relationships between PEO and non-PEO NEO average CAP and (i) TSR and (ii) net income, and (iii) our company-selected measure, Fully Diluted Book Value Per Share.
TSR.jpg
*For the 2023 CAP reported in these graphs of $7,286,491 to our former CEO, Mr. Burton, this figure includes Mr. Burton’s one-time cash severance payment. This contributed to the 2023 CEO CAP being significantly higher than other years.
        
Compensation Actually Paid vs. Net Income
Net Income.jpg
        
Compensation Actually Paid vs. Company Selected Measure
chart3.jpg
        
Total Shareholder Return Vs Peer Group
The charts below show, for the past five years, the relationship of TSR relative to the Peer Group TSR, as well as the relationships between PEO and non-PEO NEO average CAP and (i) TSR and (ii) net income, and (iii) our company-selected measure, Fully Diluted Book Value Per Share.
TSR.jpg
*For the 2023 CAP reported in these graphs of $7,286,491 to our former CEO, Mr. Burton, this figure includes Mr. Burton’s one-time cash severance payment. This contributed to the 2023 CEO CAP being significantly higher than other years.
        
Tabular List, Table
Most Important Performance Measures
Growth in Fully Diluted Book Value Per Share
Underwriting Combined Ratio
Adjusted Operating Profit
        
Total Shareholder Return Amount $ 138.48 112.96 80.61 77.55 72.30
Peer Group Total Shareholder Return Amount 224.96 166.31 150.34 126.38 106.61
Net Income (Loss) $ 42,816,000 $ 86,830,000 $ 25,342,000 $ 17,578,000 $ 3,866,000
Company Selected Measure Amount 0.072 0.168 0.024 0.042 0.042
PEO Name Greg Richardson Simon Burton      
Additional 402(v) Disclosure See the chart on the next page for the reconciliation of Summary Compensation Table compensation to Compensation Actually Paid.        
Measure:: 1          
Pay vs Performance Disclosure          
Name Growth in Fully Diluted Book Value Per Share        
Non-GAAP Measure Description The Company has identified Growth in Fully Diluted Book Value per Share as the company-selected measure for the pay-versus-performance disclosure, as it represents the most important financial performance measure used to link compensation actually paid to the CEO and Other NEOs in 2024 to the Company's performance. Fully Diluted Book Value per Share is a non-GAAP measure. Please refer to Annex 1 for definitions of non-GAAP measures. Reconciliation of CAP Calculations        
Measure:: 2          
Pay vs Performance Disclosure          
Name Underwriting Combined Ratio        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted Operating Profit        
PEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 385,000 $ 1,375,645 $ 306,145 $ (139,963) $ (176,649)
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,077,500) (1,600,000) (1,600,000) (1,200,000) (487,500)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,462,500 1,855,025 1,912,023 1,024,837 0
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 1,110,221 6,123 (9,600) (112,800)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 486,052
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 10,400 (12,000) 44,800 (62,400)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 143,749 36,936 70,528 2,185 (272,592)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (271,847) (213,991) (322,702) (270,000) (230,000)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 321,171 248,514 385,634 230,586 202,874
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 87,279 132,246 18,349 26,759 (52,176)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 7,147 38,146 (10,752) 14,839 (193,291)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ (167,980) $ 0 $ 0 $ 0