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REINSURANCE (Tables)
 12 Months Ended
Dec. 31, 2013
Property and Casualty Insurance [Member]
  
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]  
Ceded and Assumed Reinsurance
Premiums and loss and loss settlement expenses related to our ceded and assumed business are as follows:
 
 
 
 
 
 
Years Ended December 31,
2013
 
2012
 
2011
Ceded Business
 
 
 
 
 
Ceded premiums written
$
50,711

 
$
44,240

 
$
43,921

Ceded premiums earned
50,514

 
47,467

 
45,604

Loss and loss settlement expenses ceded(1)
(8,552
)
 
5,525

 
39,335

 
 
 
 
 
 
Assumed Business
 
 
 
 
 
Assumed premiums written
$
18,938

 
$
17,181

 
$
14,954

Assumed premiums earned
18,485

 
16,889

 
14,869

Loss and loss settlement expenses assumed
8,268

 
16,873

 
24,151

(1) In 2013, a reduction in our direct IBNR reserves caused a corresponding reduction in ceded IBNR reserves.  This factor, coupled with a lack of significant large losses exceeding our reinsurance retentions resulted in negative loss and loss settlement expenses ceded for the year.  

Reinsurance Programs and Retentions
The following table provides a summary of our primary reinsurance programs. Retention amounts reflect the accumulated retentions and co-participation of all layers within a program. In 2012, we added a $3,000 aggregate annual deductible to our core program multi-line (casualty excess and property excess).
 
2013, 2012 & 2011 Reinsurance Programs
Type of Reinsurance
Stated Retention
 
Limits
 
Coverage
Casualty excess of loss
$
2,000

 
$
40,000

 
100
%
of
$
38,000

Property excess of loss
2,000

 
15,000

 
100
%
of
$
13,000

Surety excess of loss
1,500

 
28,000

 
91
%
of
$
26,500

Property catastrophe, excess
20,000

 
200,000

 
95
%
of
$
180,000

Boiler and machinery
N/A

 
50,000

 
100
%
of
$
50,000


The following table provides a summary of Mercer Insurance Group’s primary reinsurance programs for 2011:
 
2011 Reinsurance Programs
Type of Reinsurance
Stated Retention
 
Limits
 
Coverage
Casualty excess of loss (1)
$
1,000

 
$
5,000

 
100
%
of
$
4,000

Property excess of loss (1)
1,000

 
10,000

 
100
%
of
$
9,000

Umbrella excess of loss(1)
1,000

 
11,000

 
75
%
of first
$
1,000

 
 
 
 
 
100
%
of remaining
$
9,000

Surety excess of loss
500

 
4,500

 
90
%
of
$
4,000

 
 
 
 
 
 
less
$500 deductible

Property catastrophe, excess(2)
5,000

 
55,000

 
100
%
of
$
50,000
Life Insurance [Member]
  
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]  
Ceded and Assumed Reinsurance
Premiums and losses and loss settlement expenses related to our ceded business is as follows:
 
 
 
 
 
 
Years Ended December 31,
2013
 
2012
 
2011
Ceded Business
 
 
 
 
 
Ceded insurance in-force
$
1,112,688

 
$
1,083,410

 
$
974,556

Ceded premiums earned
2,792

 
2,621

 
2,318

Loss and loss settlement expenses ceded
1,971

 
2,435

 
3,786