v3.26.1
Pay vs Performance Disclosure
 12 Months Ended 24 Months Ended 36 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2025
Dec. 31, 2023
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table
YearSummary Compensation Table Total for PEO(1)Compensation Actually Paid to PEO(1)(2)Average Summary Compensation Table Total for Non-PEO NEOs(3)Average Compensation Actually Paid to Non-PEO NEOs(2)(3)Value of Initial Fixed $100 Investment Based On:Net Income (in ‘000s)Growth in Fully Diluted Book Value per Share(5)
Total Shareholder ReturnPeer Group Total Shareholder Return(4)
(a)
(b)(c)(d)(e)(f)(g)(h)(i)
2025
$3,314,610$2,825,712$1,299,725$1,307,161$199.45$234.32$74,83213.8 %
2024
$2,323,230$2,909,730$931,178$1,074,927$191.52$212.86$42,8167.2 %
2023
$5,910,846$7,286,491$993,261$1,030,197$156.22$157.12$86,83016.8 %
2022
$2,744,811$3,050,956$841,738$912,266$111.49$141.79$25,3422.4 %
2021
$3,114,210$2,974,247$1,173,382$1,175,567$107.25$119.28$17,5784.2 %
            
Company Selected Measure Name Growth in Fully Diluted Book Value per Share            
Named Executive Officers, Footnote Simon Burton was the PEO in 2021, 2022, and 2023. Greg Richardson is the PEO for 2024 and 2025.For 2021, the non-PEO NEOs are Laura Accurso, Tom Curnock, Neil Greenspan, and Patrick O’Brien. For 2022, the non-PEO NEOs are Tom Curnock, Neil Greenspan, Patrick O’Brien, and Faramarz Romer. For 2023, the non-PEO NEOs are David Sigmon, Tom Curnock, Neil Greenspan, Patrick O’Brien, and Faramarz Romer. For 2024, the non-PEO NEOs are David Sigmon, Tom Curnock, Patrick O’Brien, and Faramarz Romer. For 2025, the non-PEO NEOs are Tom Curnock, Patrick O’Brien, Brian O’Reilly and Faramarz Romer.            
Peer Group Issuers, Footnote The peer group shown is the S&P 500 Property & Casualty Insurance Index, which is included in the performance graph of our 10-K filing.            
PEO Total Compensation Amount $ 3,314,610 $ 2,323,230 $ 5,910,846 $ 2,744,811 $ 3,114,210    
PEO Actually Paid Compensation Amount $ 2,825,712 2,909,730 7,286,491 3,050,956 2,974,247    
Adjustment To PEO Compensation, Footnote
YearExecutive(s)Summary Compensation Table Total ($)Subtract Stock Awards ($)Add Year-End Fair Value of Equity Awards Granted in the Year that are Outstanding and Unvested ($)Add Vest Date Fair Value of Equity Awards Granted in the Year that Vest in the Same Year ($)Add Amount Equal to Change as of the End of Fiscal Year from End of Prior Fiscal Year in Fair Value of Awards Granted in any Prior Fiscal Year that are Outstanding and Unvested Equity Awards ($)Add Amount Equal to Change as of the Vesting Date from the End of Prior Fiscal Year in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)Subtract Fair Value as of the End of the Prior Year of any Equity Awards Granted in a Prior Year that Failed to Meet Vesting Conditions in the Year ($)Total Equity Award Adjustments ($)CAP ($)
2025
PEO
3,314,610 (1,200,000)884,102 — (162,000)(11,000)— (488,898)2,825,712 
Other NEOs
1,299,725 (329,538)242,788 — 150,399 (19,033)— 7,436 1,307,161 
2024
PEO
2,323,230 (1,077,500)1,664,000 — — — — 586,500 2,909,730 
Other NEOs
931,178 (271,847)321,171 — 87,279 7,147 — 143,749 1,074,927 
2023
PEO
5,910,846 (1,600,000)1,855,025 — 1,110,221 10,400 — 1,375,645 7,286,491 
Other NEOs
993,261 (213,991)248,514 — 132,246 38,146 (167,980)36,936 1,030,197 
2022
PEO
2,744,811 (1,600,000)1,912,023 — 6,123 (12,000)— 306,145 3,050,956 
Other NEOs
841,738 (322,702)385,634 — 18,349 (10,752)— 70,528 912,266 
2021
PEO
3,114,210 (1,200,000)1,024,837 — (9,600)44,800 — (139,963)2,974,247 
Other NEOs
1,173,382 (270,000)230,586 — 26,759 14,839 — 2,185 1,175,567 
            
Non-PEO NEO Average Total Compensation Amount $ 1,299,725 931,178 993,261 841,738 1,173,382    
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,307,161 1,074,927 1,030,197 912,266 1,175,567    
Adjustment to Non-PEO NEO Compensation Footnote
YearExecutive(s)Summary Compensation Table Total ($)Subtract Stock Awards ($)Add Year-End Fair Value of Equity Awards Granted in the Year that are Outstanding and Unvested ($)Add Vest Date Fair Value of Equity Awards Granted in the Year that Vest in the Same Year ($)Add Amount Equal to Change as of the End of Fiscal Year from End of Prior Fiscal Year in Fair Value of Awards Granted in any Prior Fiscal Year that are Outstanding and Unvested Equity Awards ($)Add Amount Equal to Change as of the Vesting Date from the End of Prior Fiscal Year in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)Subtract Fair Value as of the End of the Prior Year of any Equity Awards Granted in a Prior Year that Failed to Meet Vesting Conditions in the Year ($)Total Equity Award Adjustments ($)CAP ($)
2025
PEO
3,314,610 (1,200,000)884,102 — (162,000)(11,000)— (488,898)2,825,712 
Other NEOs
1,299,725 (329,538)242,788 — 150,399 (19,033)— 7,436 1,307,161 
2024
PEO
2,323,230 (1,077,500)1,664,000 — — — — 586,500 2,909,730 
Other NEOs
931,178 (271,847)321,171 — 87,279 7,147 — 143,749 1,074,927 
2023
PEO
5,910,846 (1,600,000)1,855,025 — 1,110,221 10,400 — 1,375,645 7,286,491 
Other NEOs
993,261 (213,991)248,514 — 132,246 38,146 (167,980)36,936 1,030,197 
2022
PEO
2,744,811 (1,600,000)1,912,023 — 6,123 (12,000)— 306,145 3,050,956 
Other NEOs
841,738 (322,702)385,634 — 18,349 (10,752)— 70,528 912,266 
2021
PEO
3,114,210 (1,200,000)1,024,837 — (9,600)44,800 — (139,963)2,974,247 
Other NEOs
1,173,382 (270,000)230,586 — 26,759 14,839 — 2,185 1,175,567 
            
Compensation Actually Paid vs. Total Shareholder Return
The charts below show, for the past five years, the relationship of TSR relative to the Peer Group TSR, as well as the relationships between PEO and non-PEO NEO average CAP and (i) TSR and (ii) net income, and (iii) our company-selected measure, Fully Diluted Book Value Per Share.

Picture1.jpg

*For the 2023 CAP reported in these graphs of $7,286,491 to our former CEO, Simon Burton, this figure includes Mr. Burton’s one-time cash severance payment. This contributed to the 2023 CEO CAP being significantly higher than other years.
            
Compensation Actually Paid vs. Net Income
Picture2.jpg
            
Compensation Actually Paid vs. Company Selected Measure
Picture3.jpg
            
Total Shareholder Return Vs Peer Group
The charts below show, for the past five years, the relationship of TSR relative to the Peer Group TSR, as well as the relationships between PEO and non-PEO NEO average CAP and (i) TSR and (ii) net income, and (iii) our company-selected measure, Fully Diluted Book Value Per Share.

Picture1.jpg

*For the 2023 CAP reported in these graphs of $7,286,491 to our former CEO, Simon Burton, this figure includes Mr. Burton’s one-time cash severance payment. This contributed to the 2023 CEO CAP being significantly higher than other years.
            
Tabular List, Table
Most Important Performance Measures
Growth in Fully Diluted Book Value Per Share
Underwriting Combined Ratio
Adjusted Operating Profit
            
Total Shareholder Return Amount $ 199.45 191.52 156.22 111.49 107.25    
Peer Group Total Shareholder Return Amount 234.32 212.86 157.12 141.79 119.28    
Net Income (Loss) $ 74,832,000 $ 42,816,000 $ 86,830,000 $ 25,342,000 $ 17,578,000    
Company Selected Measure Amount 0.138 0.072 0.168 0.024 0.042    
PEO Name           Greg Richardson Simon Burton
Additional 402(v) Disclosure See the chart on the next page for the reconciliation of Summary Compensation Table compensation to Compensation Actually Paid.            
Measure:: 1              
Pay vs Performance Disclosure              
Name Growth in Fully Diluted Book Value Per Share            
Non-GAAP Measure Description The Company has identified Growth in Fully Diluted Book Value per Share as the company-selected measure for the pay-versus-performance disclosure, as it represents the most important financial performance measure used to link compensation actually paid to the CEO and Other NEOs in 2025 to the Company's performance. Fully Diluted Book Value per Share is a non-GAAP measure. Please refer to Annex 1 for definitions of non-GAAP measures.            
Measure:: 2              
Pay vs Performance Disclosure              
Name Underwriting Combined Ratio            
Measure:: 3              
Pay vs Performance Disclosure              
Name Adjusted Operating Profit            
PEO | Equity Awards Adjustments              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount $ (488,898) $ 586,500 $ 1,375,645 $ 306,145 $ (139,963)    
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (1,200,000) (1,077,500) (1,600,000) (1,600,000) (1,200,000)    
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 884,102 1,664,000 1,855,025 1,912,023 1,024,837    
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (162,000) 0 1,110,221 6,123 (9,600)    
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 0 0 0 0 0    
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (11,000) 0 10,400 (12,000) 44,800    
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 0 0 0 0 0    
Non-PEO NEO | Equity Awards Adjustments              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 7,436 143,749 36,936 70,528 2,185    
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (329,538) (271,847) (213,991) (322,702) (270,000)    
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 242,788 321,171 248,514 385,634 230,586    
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 150,399 87,279 132,246 18,349 26,759    
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 0 0 0 0 0    
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (19,033) 7,147 38,146 (10,752) 14,839    
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount $ 0 $ 0 $ (167,980) $ 0 $ 0