Loss and loss adjustment expense reserves (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of loss and loss adjustment expense reserves

As of September 30, 2018 and December 31, 2017, loss and loss adjustment expense reserves in the condensed consolidated balance sheets was comprised of the following:



	September 30, 2018		December 31, 2017
Case loss and loss adjustment expense reserves	$	120,714	$	115,622
Incurred but not reported loss and loss adjustment expense reserves	701,005		604,260
Deferred gains on retroactive reinsurance contracts	461		688
	$	822,180	$	720,570

Schedule of activity in the reserve for losses and loss adjustment expenses

The following table represents the activity in the loss and loss adjustment expense reserves for the nine months ended September 30, 2018 and 2017:



	September 30, 2018			September 30, 2017
Gross reserves for loss and loss adjustment expenses, beginning of period	$	720,570		$	605,129
Less: loss and loss adjustment expenses recoverable, beginning of period	(1,113		)	(1		)
Net reserves for loss and loss adjustment expenses, beginning of period	719,457			605,128
Increase (decrease) in net loss and loss adjustment expenses incurred in respect of losses occurring in:
Current year	254,265			295,379
Prior years (1)	11,061			(24,830		)
Total incurred loss and loss adjustment expenses	265,326			270,549
Net loss and loss adjustment expenses paid in respect of losses occurring in:
Current year	(58,652		)	(47,655		)
Prior years	(103,572		)	(145,550		)
Total net paid losses	(162,224		)	(193,205		)
Foreign currency translation	(5,715		)	15,310
Net reserves for loss and loss adjustment expenses, end of period	816,844			697,782
Plus: loss and loss adjustment expenses recoverable, end of period	1,576			1,587
Plus: deferred charges on retroactive reinsurance contracts	3,760			—
Gross reserves for loss and loss adjustment expenses, end of period	$	822,180		$	699,369