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Reinsurance (Tables)

12 Months Ended

Dec. 31, 2020

Reinsurance

Line of Business

		Treaty Year
		December 15, 2019				July 1, 2019		July 1, 2018
		to				to		to
Line of Business		December 30, 2020				December 14, 2019		June 30, 2019
Personal Lines:
Homeowners, dwelling fire and
and canine legal liability
Quota share treaty:
Percent ceded			25	%		None			10	%

		Treaty Year
		December 31, 2020				July 1, 2020				December 15, 2019				July 1, 2019				July 1, 2018
		to				to				to				to				to
Line of Business		June 30, 2021				December 30, 2020				June 30, 2020				December 14, 2019				June 30, 2019
Personal Lines:
Homeowners, dwelling fire and
and canine legal liability
Quota share treaty:
Risk retained on intial
$1,000,000 of losses (7)		1,000,000				$	750,000			$	750,000			$	1,000,000			$	900,000
Losses per occurrence subject
to quota share
reinsurance coverage		None (7)				$	1,000,000			$	1,000,000			None				$	1,000,000
Expiration date		NA (7)				December 30, 2020				December 30, 2020				NA				June 30, 2019
Excess of loss coverage and
facultative facility
coverage (1)		$	8,000,000			$	8,000,000			$	9,000,000			$	9,000,000			$	9,000,000
		in excess of				in excess of				in excess of				in excess of				in excess of
		$	1,000,000			$	1,000,000			$	1,000,000			$	1,000,000			$	1,000,000
Total reinsurance coverage
per occurrence (7)		$	8,000,000			$	8,250,000			$	9,250,000			$	9,000,000			$	9,100,000
Losses per occurrence subject
to reinsurance coverage		$	8,000,000			$	9,000,000			$	10,000,000			$	10,000,000			$	10,000,000
Expiration date (7)		June 30, 2021				June 30, 2021				June 30, 2020				June 30, 2020				June 30, 2019
Catastrophe Reinsurance:
Initial loss subject to personal
lines quota share treaty		None (7)				$	7,500,000			$	7,500,000			None				$	5,000,000
Risk retained per catastrophe
occurrence (2) (7)		$	10,000,000			$	8,125,000			$	5,625,000			$	7,500,000			$	4,500,000
Catastrophe loss coverage
in excess of
quota share coverage (3) (7)		$	475,000,000			$	475,000,000			$	602,500,000			$	602,500,000			$	445,000,000
Reinstatement premium
protection (4) (5) (6)		Yes				Yes				Yes				Yes				Yes

		Treaty Year
		July 1, 2020				July 1, 2019				July 1, 2018
		to				to				to
Line of Business		June 30, 2021				June 30, 2020				June 30, 2019
Personal Lines:
Personal Umbrella
Quota share treaty:
Percent ceded - first $1,000,000 of coverage			90	%			90	%			90	%
Percent ceded - excess of $1,000,000 of coverage			95	%			100	%			100	%
Risk retained		$	300,000			$	100,000			$	100,000
Total reinsurance coverage per occurrence		$	4,700,000			$	4,900,000			$	4,900,000
Losses per occurrence subject to quota share reinsurance coverage		$	5,000,000			$	5,000,000			$	5,000,000
Expiration date		June 30, 2021				June 30, 2020				June 30, 2019
Commercial Lines:
General liability commercial policies
Quota share treaty		None				None				None
Risk retained		$	750,000			$	750,000			$	750,000
Excess of loss coverage above risk retained		$	3,750,000			$	3,750,000			$	3,750,000
		in excess of				in excess of				in excess of
		$	750,000			$	750,000			$	750,000
Total reinsurance coverage per occurrence		$	3,750,000			$	3,750,000			$	3,750,000
Losses per occurrence subject to reinsurance coverage		$	4,500,000			$	4,500,000			$	4,500,000
Commercial Umbrella
Quota share treaty:		None				None
Percent ceded - first $1,000,000 of coverage											90	%
Percent ceded - excess of $1,000,000 of coverage											100	%
Risk retained										$	100,000
Total reinsurance coverage per occurrence										$	4,900,000
Losses per occurrence subject to quota share reinsurance coverage										$	5,000,000
Expiration date										June 30, 2019

Schedule of approximate reinsurance recoverables

		Unpaid				Paid
($ in thousands)		Losses				Losses				Total				Security
December 31, 2020
Cavello Bay Reinsurance Limited (1)		$	2,850			$	3,405			$	6,255			$	10,086	(2)
Swiss Reinsurance America Corporation			7,778				5,840				13,618				-
Hanover Rueck SE			4,909				2,897				7,806				-
Allied World Assurance Company			2,019				1,761				3,780				-
Others			2,598				884				3,482				732	(3)
Total		$	20,154			$	14,787			$	34,941			$	10,818
December 31, 2019
Cavello Bay Reinsurance Limited (1)		$	4,036			$	2,427			$	6,463			$	5,995	(2)
Swiss Reinsurance America Corporation			4,418				1,336				5,754				-
Hanover Rueck SE			3,156				522				3,678				-
SCOR Reinsurance Company			394				458				852				-
Allied World Assurance Company			760				170				930				-
Others			2,964				471				3,435				-
Total		$	15,728			$	5,385			$	21,112			$	5,995

Schedule of Ceding commissions earned

		Years ended
		December 31,
		2020				2019
Provisional ceding commissions earned		$	14,119,180			$	5,446,370
Contingent ceding commissions earned			83,173				(795,519	)
		$	14,202,353			$	4,650,851

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