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REINSURANCE (Tables)
 12 Months Ended
Dec. 31, 2018
Reinsurance Disclosures [Abstract]  
Ceded and Assumed Reinsurance Premiums and losses and loss settlement expenses related to our ceded and assumed business are as follows:
 
 
 
 
 
 
Years Ended December 31,
2018
 
2017
 
2016
Ceded Business
 
 
 
 
 
Ceded premiums written
$
66,800

 
$
61,273

 
$
57,988

Ceded premiums earned
63,487

 
61,305

 
57,996

Loss and loss settlement expenses ceded
22,317

 
33,303

 
13,278

 
 
 
 
 
 
Assumed Business
 
 
 
 
 
Assumed premiums written
$
16,761

 
$
15,179

 
$
16,834

Assumed premiums earned
16,957

 
15,059

 
17,037

Loss and loss settlement expenses assumed
(3,954
)
 
24,688

 
9,814



Premiums and losses and loss settlement expenses related to our ceded business are as follows:
 
 
 
 
 
 
Years Ended December 31,
2018
 
2017
 
2016
Ceded Business
 
 
 
 
 
Ceded insurance in-force
$
—

 
$
1,014,794

 
$
1,023,197

Ceded premiums earned
716

 
2,722

 
2,768

Loss and loss settlement expenses ceded
1,473

 
3,726

 
3,359
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. For 2018, there was an all lines annual aggregate excess of loss program with variable retention of 6.78 percent of gross net earned premium with a minimum retention of $58.5 million and a maximum of $71.5 million. Our all lines aggregate recovery is also limited to $30.0 million. For 2017, there was an all lines annual aggregate excess of loss program with a variable retention of 7.02 percent of gross net earned premium with a minimum retention of $58.5 million and a maximum of $71.5 million. Our all lines aggregate recovery is also limited to a maximum of $30.0 million. For 2016, there was an all lines annual aggregate excess of loss program with a variable retention of 7.73 percent of gross net earned premium with a minimum retention of $52.0 million and a maximum of $65.0 million. Our all lines aggregate recovery is also limited to a maximum of $30.0 million.
 
2018 Reinsurance Programs
Type of Reinsurance
Stated Retention
 
Limits
 
Coverage
Casualty excess of loss
$
2,500

 
$
60,000

 
100
%
of
$
57,500

Property excess of loss
2,500

 
25,000

 
100
%
of
$
22,500

Surety excess of loss
1,500

 
45,000

 
100
%
of
$
43,500

Property catastrophe, excess
20,000

 
250,000

 
100
%
of
$
230,000

Boiler and machinery
N/A

 
50,000

 
100
%
of
$
50,000

 
2017 Reinsurance Programs
Type of Reinsurance
Stated Retention
 
Limits
 
Coverage
Casualty excess of loss
$
2,500

 
$
60,000

 
100
%
of
$
57,500

Property excess of loss
2,500

 
25,000

 
100
%
of
$
22,500

Surety excess of loss
1,500

 
45,000

 
100
%
of
$
43,500

Property catastrophe, excess
20,000

 
250,000

 
100
%
of
$
230,000

Boiler and machinery
N/A

 
50,000

 
100
%
of
$
50,000


 
2016 Reinsurance Programs
Type of Reinsurance
Stated Retention
 
Limits
 
Coverage
Casualty excess of loss
$
2,500

 
$
40,000

 
100
%
of
$
37,500

Property excess of loss
2,500

 
25,000

 
100
%
of
$
22,500

Surety excess of loss
1,500

 
36,000

 
100
%
of
$
34,500

Property catastrophe, excess
20,000

 
250,000

 
100
%
of
$
230,000

Boiler and machinery
N/A

 
50,000

 
100
%
of
$
50,000