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Cash Collateral Pledged
 9 Months Ended
Sep. 30, 2022
Cash and Cash Equivalents [Abstract]  
Cash Collateral Pledged Cash Collateral Pledged    
As of September 30, 2022 and December 31, 2021, the Company pledged cash collateral in the amount of $2.2 million and $3.4 million respectively, which relates to letters of credit issued to the landlords of the Company's premises in various locations. The Company also has pledged cash collateral for reinsurance agreements which amounted to $123.9 million (of which $24.0 million was in the form of letters of credit), as of September 30, 2022, and $44.1 million, as of December 31, 2021, which are expected to be released periodically as per the terms of the reinsurance policy (see Notes 12 and 18).
As of September 30, 2022, the Company has the following irrevocable letters of credit, related to leased office space, for which there is cash collateral pledged, which the Company pays a fee on the stated amount of the letter of credit.
LocationAmountMaturity
 (dollars in thousands)
New York$212 April 2023
New York1,325 October 2022
Boston193 March 2023
San Francisco456 October 2025
$2,186 
To the extent any letter of credit is drawn upon, interest will be assessed at the prime commercial lending rate. As of September 30, 2022 and December 31, 2021 there were no amounts due related to these letters of credit.