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Related Parties
3 Months Ended
Mar. 31, 2018
Related Parties [Abstract]  
Related Parties
(12) Related Parties:
The Company has invested in three limited partnerships with an aggregate estimated value of $41,864 at March 31, 2018, that are managed by organizations in which two directors of the Company are executive officers, directors or owners.  The Company's ownership interest in these limited partnerships was 6% for New Vernon India Fund, 37% for New Vernon Global Opportunity Fund and 27% for New Vernon Global Opportunity Fund II.  For the three months ended March 31, 2018 and 2017 the Company recorded $192 and $173 of fees related to the management of these limited partnership investments.

The Company utilizes the services of investment firms of which two directors of the Company are employees or partial owners.  These investment firms manage equity securities and fixed maturity portfolios with an aggregate market value of approximately $25,142 at March 31, 2018.  Total commissions and net fees earned by the investment firms and affiliates on these portfolios were $27 and $30 for the three months ended March 31, 2018 and 2017.

The Company has a consulting contract with an insurance brokerage firm of which a director of the Company is CEO and a Managing Director.  The consulting contract provides for an annual fee of $300 for 2018 and 2017.  The Company also has a brokerage agreement with this entity.  The Company incurred commission expense in connection with insurance policies written in 2018 and 2017 under this brokerage agreement.  Total commission expense for the three months ended March 31, 2018 and 2017 was $151 and $155.  The firm also received $350 in commission related to the placement of insurance company owned life insurance on behalf of the Company during the three months ended March 31, 2018.