Loss and loss adjustment expense reserves (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of loss and loss adjustment expense reserves

As of June 30, 2019 and December 31, 2018, loss and loss adjustment expense reserves in the condensed consolidated balance sheets was comprised of the following:



	June 30, 2019		December 31, 2018
Case loss and loss adjustment expense reserves	$	133,627	$	125,456
Incurred but not reported loss and loss adjustment expense reserves	887,487		811,280
Deferred gains on retroactive reinsurance contracts	662		421
	$	1,021,776	$	937,157

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 six months ended June 30, 2019 and 2018:



	June 30, 2019			June 30, 2018
Gross reserves for loss and loss adjustment expenses, beginning of period	$	937,157		$	720,570
Less: loss and loss adjustment expenses recoverable, beginning of period	(2,031		)	(1,113		)
Less: deferred charges on retroactive reinsurance contracts	(3,847		)	—
Net reserves for loss and loss adjustment expenses, beginning of period	931,279			719,457
Increase (decrease) in net loss and loss adjustment expenses incurred in respect of losses occurring in:
Current year	186,382			167,419
Prior years	(8,980		)	9,201
Total incurred loss and loss adjustment expenses	177,402			176,620
Net loss and loss adjustment expenses paid in respect of losses occurring in:
Current year	(25,503		)	(35,471		)
Prior years	(67,824		)	(70,781		)
Total net paid losses	(93,327		)	(106,252		)
Foreign currency translation	(1,186		)	(3,912		)
Net reserves for loss and loss adjustment expenses, end of period	1,014,168			785,913
Plus: loss and loss adjustment expenses recoverable, end of period	3,655			1,414
Plus: deferred charges on retroactive reinsurance contracts	3,953			3,986
Gross reserves for loss and loss adjustment expenses, end of period	$	1,021,776		$	791,313