Reinsurance (Tables)

12 Months Ended

Dec. 31, 2018

Insurance [Abstract]

Schedule of the Effect of Reinsurance on Premiums Written and Earned

The effect of reinsurance on premiums written and earned in 2018, 2017 and 2016 was as follows:

	2018 Premiums						2017 Premiums						2016 Premiums
	Written			Earned			Written			Earned			Written			Earned
	(in thousands)
Gross	$	351,696		$	359,670		$	350,267		$	355,025		$	373,055		$	379,011
Ceded		(9,344	)		(9,344	)		(8,869	)		(8,869	)		(10,307	)		(10,307	)
Net premiums	$	342,352		$	350,326		$	341,398		$	346,156		$	362,748		$	368,704

Schedule of the Amounts Recoverable from Reinsurers

The amounts recoverable from reinsurers consist of the following:

	December 31,
	2018		2017
	(in thousands)
Unpaid losses recoverable:
Case basis	$	76,525	$	66,061
Incurred but not reported		30,691		18,828
Paid losses recoverable		325		554
Experience-rated commissions recoverable		4,465		4,690
Total	$	112,006	$	90,133

Schedule of Unsecured Reinsurance Recoverables from Reinsurers

 

Reinsurer	A.M. Best Rating	Amounts Recoverable as of December 31, 2018
		(in thousands)
Hannover Reinsurance (Ireland) Limited (1)	A+	$	53,609
Allianz Risk Transfer AG (Bermuda) (1)	A+		13,084
Odyssey America Reinsurance Corporation	A		11,754
Minnesota Workers’ Compensation Reinsurance Association (1)	NR		8,823
Other reinsurers			24,736
Total amounts recoverable from reinsurers			112,006
Funds withheld and letters of credit related to the above recoverables			(69,932	)
Total unsecured amounts recoverable from reinsurers		$	42,074

(1) Current participant in our 2019 reinsurance program.