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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 41,469 $ 62,856 $ 61,690
Adjustments to reconcile net income to net cash provided by (used for) operating activities:      
Amortization of trust preferred securities issuance costs     77
Amortization of the value of business acquired 25,500    
Amortization and depreciation 5,284 3,466 3,807
Amortization of debt issuance costs 47    
Restricted stock and stock option expense 10,271 2,900 4,349
Deferred federal income taxes (7,201) (828) (3)
Amortization of bond premium and discount, net 13,643 9,103 6,696
Net realized investment (gains) losses 3,374 (35,860) (27,412)
Equity in the earnings of a partnership (2,533) 0 0
Gain on the disposition of subsidiary     (5,166)
Changes in:      
Premiums receivable, net 25,325 (6,698) (12,136)
Reinsurance receivables, net 23,966 72,169 43,940
Funds held by ceding insurers 9,147 (6,514) (11,252)
Unpaid losses and loss adjustment expenses (84,914) (103,994) (99,639)
Unearned premiums (6,764) 4,186 22,515
Ceded balances payable (11,430) (2,377) 976
Other assets and liabilities, net (6,070) (3,398) (1,436)
Contingent commissions (6,264) 308 2,766
Federal income tax receivable/payable (1,689) (4,734) 8,473
Deferred acquisition costs, net (31,279) (3,061) (3,912)
Prepaid reinsurance premiums 3,868 474 746
Net cash provided by (used for) operating activities 3,750 (12,002) (4,921)
Cash flows from investing activities:      
Cash release from escrow for business acquisition 113,696    
Acquisition of business, net of cash acquired (92,336)    
Proceeds from sale of fixed maturities 647,404 415,739 292,200
Proceeds from sale of equity securities 39,723 191,765 101,379
Proceeds from sale of preferred stock 1,540    
Proceeds from maturity of fixed maturities 157,845 108,556 143,034
Proceeds from limited partnership distribution 5,959    
Proceeds from sale of other invested assets   12  
Proceeds from disposition of subsidiary, net of cash and cash equivalents disposed of $679     25,885
Cash deposited in escrow for purchase of American Reliable   (113,696)  
Amount paid in connection with derivatives (6,604) (20,550) (5,421)
Purchases of fixed maturities (627,983) (615,867) (465,318)
Purchases of equity securities (38,451) (45,077) (100,806)
Purchases of other invested assets (3,550) (30,120) (16)
Net cash provided by (used for) investing activities 197,243 (109,238) (9,063)
Cash flows from financing activities:      
Net borrowings (repayments) under margin borrowing facilities (99,027) 74,673 100,000
Redemption of ordinary shares (189,770)    
Proceeds from issuance of subordinated notes 100,000    
Debt issuance cost (3,659)    
Purchases of A ordinary shares (333) (139) (55)
Tax benefit on share-based compensation expense 10 37  
Retirement of junior subordinated debentures     (30,929)
Principal payments of term debt     (54,000)
Net cash provided by (used for) financing activities (192,779) 74,571 15,016
Net change in cash and cash equivalents 8,214 (46,669) 1,032
Cash and cash equivalents at beginning of period 58,823 105,492 104,460
Cash and cash equivalents at end of period $ 67,037 $ 58,823 $ 105,492