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Related-Party Transactions (Tables)
6 Months Ended
Jun. 30, 2019
Related-Party Transactions [Abstract]  
Amendments To The Share Repurchase Program For The Common Shares Approved For Repurchase

 

 

 Common Shares

 

 

 Authorized for

Amendment Date

 

 Repurchase

(Dollars in thousands)

 

 

 

 

 

09/21/2004

 

 5,000,000

07/21/2008

 

 5,000,000

02/24/2010

 

 5,000,000

02/22/2012

 

 5,000,000

05/15/2013

 

 5,000,000

11/19/2014

 

 5,000,000

 

 

 30,000,000

Dividends Received On Preferred Shares

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(Dollars in thousands)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Dividends received on preferred stock of affiliate

 

$

7,758

 

 

$

7,758

 

 

$

15,516

 

 

$

15,516

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

01/01/2010-12/31/2010

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

01/01/2015-12/31/2016

 

 

Everest Re

 

50.0%

 

Bermuda Re

 

property / casualty business

 

 162,500

 

 

 325,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

01/01/2017-12/31/2017

 

 

Everest Re

 

60.0%

 

Bermuda Re

 

property / casualty business

 

 219,000

 

 

 438,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

01/01/2010-12/31/2010

 

 

Everest Re- Canadian Branch

 

60.0%

 

Bermuda Re

 

property business

 

 350,000

(1)

 

 -

 

01/01/2011-12/31/2011

 

 

Everest Re- Canadian Branch

 

60.0%

 

Bermuda Re

 

property business

 

 350,000

(1)

 

 -

 

01/01/2012-12/31/2012

 

 

Everest Re- Canadian Branch

 

75.0%

 

Bermuda Re

 

property / casualty business

 

 206,250

(1)

 

 412,500

(1)

01/01/2013-12/31/2013

 

 

Everest Re- Canadian Branch

 

75.0%

 

Bermuda Re

 

property / casualty business

 

 150,000

(1)

 

 412,500

(1)

01/01/2014-12/31/2017

 

 

Everest Re- Canadian Branch

 

75.0%

 

Bermuda Re

 

property / casualty business

 

 262,500

(1)

 

 412,500

(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

01/01/2012-12/31/2017

 

 

Everest Canada

 

80.0%

 

Everest Re- Canadian Branch

 

property business

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)  Amounts shown are Canadian dollars.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule Of 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

 

 

 

 

 

 

 

 

 

 

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

12/31/2017

 

Everest Re

 

Bermuda Re

 

$

970,000

 

 

All years

Premiums And Losses Ceded By The Company To Affiliate

 

 

 

Three Months Ended

 

 

Six Months Ended

 

Bermuda Re

 

June 30,

 

 

June 30,

 

(Dollars in thousands)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Ceded written premiums

 

$

19,534

 

 

$

142,971

 

 

$

71,007

 

 

$

275,291

 

Ceded earned premiums

 

 

16,598

 

 

 

148,073

 

 

 

69,122

 

 

 

284,231

 

Ceded losses and LAE

 

 

(3,417

)

 

 

(157,443

)

 

 

8,316

 

 

 

36,108

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

Everest International

 

June 30,

 

 

June 30,

 

(Dollars in thousands)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Ceded written premiums

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Ceded earned premiums

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Ceded losses and LAE

 

 

(46

)

 

 

(357

)

 

 

(36

)

 

 

(357

)

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

Everest Canada

 

June 30,

 

 

June 30,

 

(Dollars in thousands)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Assumed written premiums

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Assumed earned premiums

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Assumed losses and LAE

 

 

2,296

 

 

 

373

 

 

 

695

 

 

 

3,346

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

Lloyd's Syndicate 2786

 

June 30,

 

 

June 30,

 

(Dollars in thousands)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Assumed written premiums

 

$

483

 

 

$

2,421

 

 

$

(8,726

)

 

$

(261

)

Assumed earned premiums

 

 

1,596

 

 

 

6,064

 

 

 

(17,231

)

 

 

10,950

 

Assumed losses and LAE

 

 

4,391

 

 

 

1,441

 

 

 

(3,527

)

 

 

8,026

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

Mt. Logan Re Segregated Accounts

 

June 30,

 

 

June 30,

 

(Dollars in thousands)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Ceded written premiums

 

$

51,289

 

 

$

40,622

 

 

$

114,512

 

 

$

101,439

 

Ceded earned premiums

 

 

61,812

 

 

 

54,885

 

 

 

106,634

 

 

 

104,975

 

Ceded losses and LAE

 

 

30,159

 

 

 

92,100

 

 

 

64,781

 

 

 

107,907

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assumed written premiums

 

 

-

 

 

 

1,604

 

 

 

-

 

 

 

4,647

 

Assumed earned premiums

 

 

-

 

 

 

1,604

 

 

 

-

 

 

 

4,647

 

Assumed losses and LAE

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-