Loss Reserves (Tables)

6 Months Ended

Jun. 30, 2017

Insurance [Abstract]

Summary of Reserves for Losses and LAE Activity

The following table summarizes our Company’s Reserves for Losses and LAE activity for the six months ended June 30, 2017 and 2016:

	For the Six Months Ended June 30,
amounts in thousands	2017			2016
Net Reserves for Losses and LAE at Beginning of Year	$	1,510,451		$	1,393,126
Provision for Losses and LAE for Claims Occurring in the Current Year		331,595			330,775
Increase (Decrease) in Estimated Losses and LAE for Claims Occurring in Prior Years		15,115			(10,613	)
Incurred Losses and LAE	$	346,710		$	320,162
Losses and LAE Paid for Claims Occurring During:
Current Year		(47,235	)		(37,641	)
Prior Years		(249,895	)		(212,938	)
Losses and LAE Payments	$	(297,130	)	$	(250,579	)
Foreign Currency Adjustment		3,432			(8,207	)
Net Reserves for Losses and LAE at End of Period		1,563,463			1,454,502
Reinsurance Recoverables on Unpaid Losses and LAE		782,864			814,261
Gross Reserves for Losses and LAE at End of Period	$	2,346,327		$	2,268,763