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Liability for Unpaid Loss and Loss Adjustment Expenses (Tables)
12 Months Ended
Dec. 31, 2012
Liability for Unpaid Loss and Loss Adjustment Expenses [Abstract]  
Summary of activity in the liability for unpaid loss and loss adjustment expenses
                         
    Years Ended December 31,  
    2012     2011     2010  
    (dollars in thousands)  

Unpaid loss and loss adjustment expenses, January 1

  $ 680,201     $ 649,641     $ 616,444  

Reinsurance recoverable on unpaid losses and loss adjustment expenses January 1

    173,267       196,590       196,080  
   

 

 

   

 

 

   

 

 

 

Net unpaid loss and loss adjustment expenses, January 1

    506,934       453,051       420,364  
   

 

 

   

 

 

   

 

 

 

Incurred related to:

                       

Current year

    162,660       155,998       119,939  

Prior years

    9,038       13,369       356  
   

 

 

   

 

 

   

 

 

 

Total incurred

    171,698       169,367       120,295  

Paid related to:

                       

Current year

    26,822       22,454       13,302  

Prior years

    112,214       93,030       74,306  
   

 

 

   

 

 

   

 

 

 

Total paid

    139,036       115,484       87,608  

Net unpaid loss and loss adjustment expenses, December 31

    539,596       506,934       453,051  

Reinsurance recoverable on unpaid loss and loss adjustment expenses, December 31

    185,648       173,267       196,590  
   

 

 

   

 

 

   

 

 

 

Unpaid loss and loss adjustment expenses, December 31

  $ 725,244     $ 680,201     $ 649,641  
   

 

 

   

 

 

   

 

 

 
Summary of net prior year reserve development
                         
    Year Ended December 31,  
    2012     2011     2010  
    (dollars in thousands)  

(Favorable) Unfavorable

                       

E & S Lines

  $ (1,780   $ (10,209   $ (2,397

Alternative Risk Transfer

    2,946       12,120       2,666  

Assumed Re

    8,096       9,437       1,448  

Runoff

    (224     2,021       (1,361
   

 

 

   

 

 

   

 

 

 

Total

  $ 9,038     $ 13,369     $ 356