Reinsurance (Tables)

12 Months Ended

Dec. 31, 2014

Premiums Written And Earned And Incurred Losses And LAE


	Years Ended December 31,
(Dollars in thousands)	2014			2013			2012
Written premiums:
Direct	$	1,179,034		$	1,240,761		$	1,050,248
Assumed		3,786,260			3,196,707			2,519,142
Ceded		(2,858,320	)		(2,320,091	)		(1,877,789	)
Net written premiums	$	2,106,974		$	2,117,377		$	1,691,601

Premiums earned:
Direct	$	1,148,297		$	1,183,542		$	1,032,576
Assumed		3,685,784			3,024,825			2,687,521
Ceded		(2,720,355	)		(2,202,006	)		(1,946,199	)
Net premiums earned	$	2,113,726		$	2,006,361		$	1,773,898

Incurred losses and LAE:
Direct	$	1,073,485		$	1,153,004		$	910,136
Assumed		1,855,057			1,473,297			1,630,386
Ceded		(1,574,449	)		(1,354,145	)		(1,290,778	)
Net incurred losses and LAE	$	1,354,093		$	1,272,156		$	1,249,744

Affiliated Quota Share Reinsurance Agreements For All New And Renewal Business For The Indicated Coverage Period

(Dollars in thousands)
		Percent			Assuming		Single			Aggregate
Coverage Period	Ceding Company	Ceded			Company	Type of Business	Occurrence Limit			Limit

01/01/2002-12/31/2002	Everest Re		20.0	%	Bermuda Re	property / casualty business	$	-		$	-

01/01/2003-12/31/2003	Everest Re		25.0	%	Bermuda Re	property / casualty business		-			-

01/01/2004-12/31/2005	Everest Re		22.5	%	Bermuda Re	property / casualty business		-			-
	Everest Re		2.5	%	Everest International	property / casualty business		-			-

01/01/2006-12/31/2006	Everest Re		18.0	%	Bermuda Re	property business		125,000	(1)		-
	Everest Re		2.0	%	Everest International	property business		-			-

01/01/2006-12/31/2007	Everest Re		31.5	%	Bermuda Re	casualty business		-			-
	Everest Re		3.5	%	Everest International	casualty business		-			-

01/01/2007-12/31/2007	Everest Re		22.5	%	Bermuda Re	property business		130,000	(1)		-
	Everest Re		2.5	%	Everest International	property business		-			-

01/01/2008-12/31/2008	Everest Re		36.0	%	Bermuda Re	property / casualty business		130,000	(1)		275,000	(2)
	Everest Re		4.0	%	Everest International	property / casualty business		-			-

01/01/2009-12/31/2009	Everest Re		36.0	%	Bermuda Re	property / casualty business		150,000	(1)		325,000	(2)
	Everest Re		8.0	%	Everest International	property / casualty business		-			-

01/01/2010-12/31/2010	Everest Re		44.0	%	Bermuda Re	property / casualty business		150,000			325,000

01/01/2011-12/31/2011	Everest Re		50.0	%	Bermuda Re	property / casualty business		150,000			300,000

01/01/2012-12/31/2014	Everest Re		50.0	%	Bermuda Re	property / casualty business		100,000			200,000

01/01/2015	Everest Re		50.0	%	Bermuda Re	property / casualty business		162,500			325,000

01/01/2003-12/31/2006	Everest Re- Canadian Branch		50.0	%	Bermuda Re	property business		-			-
01/01/2007-12/31/2009	Everest Re- Canadian Branch		60.0	%	Bermuda Re	property business		-			-
01/01/2010-12/31/2010	Everest Re- Canadian Branch		60.0	%	Bermuda Re	property business		350,000	(3)		-
01/01/2011-12/31/2011	Everest Re- Canadian Branch		60.0	%	Bermuda Re	property business		350,000	(3)		-
01/01/2012-12/31/2012	Everest Re- Canadian Branch		75.0	%	Bermuda Re	property / casualty business		206,250	(3)		412,500	(3)
01/01/2013-12/31/2013	Everest Re- Canadian Branch		75.0	%	Bermuda Re	property / casualty business		150,000	(3)		412,500	(3)
01/01/2014	Everest Re- Canadian Branch		75.0	%	Bermuda Re	property / casualty business		262,500	(3)		412,500	(3)

01/01/2012	Everest Canada		80.0	%	Everest Re- Canadian Branch	property business		-			-


(1)	The single occurance limit is applied before the loss cessions to either Bermuda Re or Everest International.
(2)	The aggregate limit is applied before the loss cessions to either Bermuda Re or Everest International.
(3)	Amounts shown are Canadian dollars.

Liability Limits For Any Losses Per One Occurrence


	Liability Limits
(Dollars in thousands)	Exceeding		Not to Exceed
Losses per one occurrence	$	100,000	$	150,000

Loss Portfolio Transfer Reinsurance Agreements, Net Insurance Exposures And Reserves Were Transferred To An Affiliate


(Dollars in thousands)

Effective	Transferring	Assuming	% of Business or			Covered Period
Date	Company	Company	Amount of Transfer			of Transfer

09/19/2000	Mt. McKinley	Bermuda Re		100	%	All years
10/01/2001	Everest Re(Belgium Branch)	Bermuda Re		100	%	All years
10/01/2008	Everest Re	Bermuda Re	$	747,022		01/01/2002-12/31/2007

Premiums And Losses Ceded By The Company To Affiliate


Bermuda Re	Years Ended December 31,
(Dollars in thousands)	2014		2013		2012
Ceded written premiums	$	2,273,222	$	2,097,812	$	1,649,473
Ceded earned premiums		2,208,084		1,986,421		1,701,811
Ceded losses and LAE (a)		1,196,118		1,148,841		1,095,331


Everest International	Years Ended December 31,
(Dollars in thousands)	2014			2013			2012
Ceded written premiums	$	286		$	691		$	1,828
Ceded earned premiums		563			1,105			3,535
Ceded losses and LAE		(2,356	)		(3,180	)		(2,815	)


Everest Canada	Years Ended December 31,
(Dollars in thousands)	2014		2013		2012
Assumed written premiums	$	37,436	$	20,419	$	17,216
Assumed earned premiums		25,925		17,447		15,455
Assumed losses and LAE		15,401		12,014		9,489

(a) Ceded losses and LAE include the Mt. McKinley loss portfolio transfer that constitutes losses ceded under retroactive reinsurance and therefore, in accordance with FASB guidance, a deferred gain on retroactive reinsurance is reflected in other expenses on the consolidated statements of operations and comprehensive income (loss).


Mt. Logan Re	Years Ended December 31,
(Dollars in thousands)	2014		2013		2012
Ceded written premiums	$	122,203	$	19,066	$	-
Ceded earned premiums		122,979		18,001		-
Ceded losses and LAE		28,844		4,171		-

Assumed written premiums		13,889		1,735		-
Assumed earned premiums		13,889		1,735		-
Assumed losses and LAE		-		-		-