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Cash Collateral Pledged
 12 Months Ended
Dec. 31, 2022
Cash and Cash Equivalents [Abstract]  
Cash Collateral Pledged Cash Collateral Pledged    
As of December 31, 2022 and 2021, the Company pledged cash collateral in the amount of $3.1 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 $119.5 million (of which $24.4 million was in the form of letters of credit), as of December 31, 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 16 and 22).
As of December 31, 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$2,309 December 2023
Boston382 November 2023
San Francisco455 November 2023
$3,146 
To the extent any letter of credit is drawn upon, interest will be assessed at the prime commercial lending rate. As of December 31, 2022 and 2021 there were no amounts due related to these letters of credit.