Insurance and reinsurance (Tables)

12 Months Ended

Dec. 31, 2022

SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]

Effects of Reinsurance

	Year Ended December 31,
	2022		2021		2020
	(dollars in thousands)
Paid claims
Insurance (net of Outward Reinsurance)	$	4,496	$	3,285	$	—
Inward Reinsurance	28,615		17,140		14,838
Total	$	33,111	$	20,425	$	14,838
Change in claims outstanding and claims IBNR
Insurance (net of Outward Reinsurance)	$	533	$	112	$	—
Inward Reinsurance	(55,803)		3,304		11,599
Total	$	(55,270)	$	3,416	$	11,599

As of December 31, 2022 and 2021, insurance and reinsurance assets and liabilities consisted of the following:

	As of December 31,
	2022		2021
Insurance and reinsurance assets
Reinsurance recoverable on paid claims	$	66,303	$	9,072
Deferred acquisition costs	4,610		5,672
Cash advances held by cedants	2,684		3,523
Reinsurance recoverable on claims reserves	60,189		11,806
Total	$	133,786	$	30,073
Insurance and reinsurance liabilities
Reinsurance payables on paid claims	$	27,030	$	3,837
Unearned Premium reserve	27,294		23,241
Loss reserves (incurred claims and IBNR)	263,223		44,191
Total	$	317,547	$	71,269

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense

	As of December 31,
	2022		2021
Insurance and reinsurance assets
Beginning balance at January 1	$	44,191	$	37,036
Increase/(Decreases) reinsurance recoverables	(11,806)		—
Total	$	32,385	$	37,036
Incurred related to:
Current Years	$	2,436	$	13,262
Prior Years	(36,200)		1,414
Total	$	(33,764)	$	14,676
Paid related to:
Current Years	$	3,941	$	6,874
Prior Years	29,170		13,551
Total	$	33,111	$	20,425
Acquired insurance and reinsurance liabilities net of reinsurance assets and liabilities	$	237,524	$	1,009
Balance at December 31	$	203,035	$	32,385
Increase/(Decreases) reinsurance recoverables	60,189		$	11,806
Ending balance at December 31	$	263,224	$	44,191