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Restructuring | 9 Months Ended
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Sep. 30, 2023
Restructuring and Related Activities [Abstract] |
Restructuring | 2. Restructuring The Company restructured its insurance operations to strengthen its market presence and enhance its focus on GBLI’s core Package Specialty and Targeted Specialty products. As a result, the Company exited its four brokerage divisions: Professional Liability, Excess Casualty, Environmental, and Middle Market Property. The Company ceased writing new business and existing renewals were placed in run-off for these four divisions. The restructuring plan, which was initiated in the fourth quarter of 2022, was completed in the first quarter of 2023. In connection with the restructuring plan, the Company incurred restructuring costs of $3.4 million during the fourth quarter of 2022 and $2.1 million during the nine months ended September 30, 2023 for total restructuring costs of $5.5 million. The following table summarizes charges incurred by expense type and the remaining liability as of December 31, 2022 and September 30, 2023:
(Dollars in thousands) |  | Consolidated Statements of Operations Line |  | Employee Termination |  |  | Lease Right of Use Asset Impairment |  |  | Total |
Charges incurred in 2022 |  | Corporate and other operating expenses |  | $ | 2,635 |  |  | $ | — |  |  | $ | 2,635 |
Charges incurred in 2022 |  | Acquisition costs and other underwriting expenses (1) |  |  | — |  |  |  | 812 |  |  |  | 812 |
Non-cash asset charges |  |  |  |  | — |  |  |  | (812 | ) |  |  | (812 | )
Liability at December 31, 2022 |  |  |  |  | 2,635 |  |  |  | — |  |  |  | 2,635 |
Charges incurred in 2023 |  | Corporate and other operating expenses |  |  | 2,121 |  |  | — |  |  |  | 2,121 |
Cash payments in 2023 |  |  |  |  | (4,523 | ) |  |  | — |  |  |  | (4,523 | )
Liability at September 30, 2023 |  |  |  | $ | 233 |  |  | $ | — |  |  | $ | 233 |
(1) These charges were recorded within the Company's Exited Line segment. Any information technology initiatives related to business lines within Exited Lines have been discontinued.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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