Oxbridge Re Holdings Limited (OXBR) 10-Q10 Nov 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2014	Nov. 07, 2014
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Trading Symbol	'OXBR	'
Entity Registrant Name	'OXBRIDGE RE HOLDINGS Ltd	'
Entity Central Index Key	'0001584831	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	6,000,000

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Assets	'	'
Fixed-maturity securities, available for sale, at fair value (amortized cost: $2,969 and $0, respectively)	$2,960	$0
Equity securities, available for sale, at fair value (cost: $6,062 and $0, respectively)	6,026	0
Total investments	8,986	0
Cash and cash equivalents	8,115	695
Restricted cash and cash equivalents	26,524	10,118
Accrued interest and dividend receivable	22	0
Premiums receivable	6,234	0
Deferred policy acquisition costs	223	69
Prepayment and other receivables	111	64
Prepaid offering costs	0	417
Property and equipment, net	48	0
Total assets	50,263	11,363
Liabilities and Shareholders' Equity	'	'
Reserve for losses and loss adjustment expenses	0	0
Loss experience refund payable	5,080	1,367
Unearned premiums reserve	9,433	2,036
Accounts payable and other liabilities	73	511
Total liabilities	14,586	3,914
Shareholders' equity:	'	'
Ordinary share capital, (par value $0.001, 50,000,000 shares authorized; 6,000,000 and 1,115,350 shares issued and outstanding)	6	1
Additional paid-in capital	33,540	6,595
Retained earnings	2,176	853
Accumulated other comprehensive loss	-45	0
Total shareholders' equity	35,677	7,449
Total liabilities and shareholders' equity	$50,263	$11,363

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Fixed-maturity securities, available for sale, at fair value amortized cost	$2,969	$0
Equity securities, available for sale, at fair value cost	$6,062	$0
Ordinary share, par value	$0.00	$0.00
Ordinary shares, authorized	50,000,000	50,000,000
Ordinary shares, outstanding	6,000,000	1,115,350
Ordinary shares, issued	6,000,000	1,115,350

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenue	'	'	'	'
Assumed premiums	$468	$0	$14,293	$4,886
Change in loss experience refund payable	-2,052	-586	-3,713	-781
Change in unearned premiums reserve	3,220	1,221	-7,397	-3,258
Net premiums earned	1,636	635	3,183	847
Net realized investment gains	165	0	165	0
Net investment income	50	0	50	0
Total revenue	1,851	635	3,398	847
Expenses	'	'	'	'
Policy acquisition costs and underwriting expenses	129	41	302	55
Preopening and organizational costs	0	0	0	145
General and administrative expenses	346	121	785	174
Total expenses	475	162	1,087	374
Net income	$1,376	$473	$2,311	$473
Earnings per share	'	'	'	'
Basic	$0.23	$0.42	$0.52	$0.53
Diluted	$0.23	$0.42	$0.52	$0.53
Weighted average shares outstanding	'	'	'	'
Basic	6,000,000	1,115,350	4,479,138	899,140
Diluted	6,000,000	1,115,350	4,479,138	899,140
Dividends paid per share	$0.12	'	$0.36	'

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net income	$1,376	$473	$2,311	$473
Change in unrealized gain on investments:	'	'	'	'
Unrealized gain arising during the period	120	0	120	0
Reclassification adjustment for net realized gains included in net income	-165	0	-165	0
Net change in unrealized gain	-45	0	-45	0
Total other comprehensive loss	-45	0	-45	0
Comprehensive income	$1,331	$473	$2,266	$473

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Operating activities	'	'
Net income	$2,311	$473
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation	9	0
Net realized investment gains	-165	0
Change in operating assets and liabilities:	'	'
Accrued interest and dividend receivable	-22	0
Premiums receivable	-6,234	0
Deferred policy acquisition costs	-154	-110
Prepayment and other receivables	-47	-73
Prepaid offering costs	417	-162
Loss experience refund payable	3,713	781
Unearned premiums reserve	7,397	3,258
Accounts payable and other liabilities	-438	178
Net cash provided by operating activities	6,787	4,345
Investing activities	'	'
Change in restricted cash and cash equivalents	-16,406	-10,118
Purchase of fixed-maturity securities	-2,969	0
Purchase of equity securities	-8,777	0
Proceeds from sale of equity securities	2,880	0
Purchase of property and equipment	-57	0
Net cash used in investing activities	-25,329	-10,118
Financing activities	'	'
Proceeds on issuance of share capital	5	1
Additional paid-in capital proceeds, net of offering costs, resulting from	'	'
Share capital	21,865	3,174
Share warrants	5,080	3,445
Dividends paid	-988	0
Net cash provided by financing activities	25,962	6,620
Net change in cash and cash equivalents	7,420	847
Cash and cash equivalents at beginning of period	695	0
Cash and cash equivalents at end of period	8,115	847
Supplemental disclosure of cash flow information	'	'
Interest paid	'	'
Income taxes paid	'	'
Non-cash investing activities	'	'
Net change in unrealized loss on securities available for sale	($45)	$0

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (USD $)	Total	Ordinary Shares [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
In Thousands, except Share data	Total	Ordinary Shares [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balance at Dec. 31, 2013	$7,449	$1	$6,595	$853	'
Beginning Balance, Shares at Dec. 31, 2013	1,115,350	1,115,350	'	'	'
Net proceeds from the sale of ordinary shares (unaudited)	21,870	5	21,865	'	'
Net proceeds from the sale of ordinary shares (unaudited), Shares	'	4,884,650	'	'	'
Ordinary share warrants (unaudited)	5,080	'	5,080	'	'
Dividends paid (unaudited)	-988	'	'	-988	'
Net income (unaudited)	2,311	'	'	2,311	'
Total other comprehensive loss (unaudited)	-45	0	0	0	-45
Ending Balance at Sep. 30, 2014	$35,677	$6	$33,540	$2,176	($45)
Ending Balance, Shares at Sep. 30, 2014	6,000,000	6,000,000	'	'	'

Organization_and_Basis_of_Pres

Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Organization and Basis of Presentation	'
	1	ORGANIZATION AND BASIS OF PRESENTATION
	(a) Organization
	Oxbridge Re Holdings Limited was incorporated as an exempted company on April 4, 2013 under the laws of the Cayman Islands. Oxbridge Re Holdings Limited owns 100% of the equity interest in Oxbridge Reinsurance Limited (the “Subsidiary”), an entity incorporated on April 23, 2013 under the laws of the Cayman Islands and for which a Class “C” Insurer’s license was granted on April 29, 2013 under the provisions of the Cayman Islands Insurance Law. Oxbridge Re Holdings Limited and the Subsidiary (collectively, the “Company”) have their registered offices at P.O. Box 309, Ugland House, Grand Cayman, Cayman Islands.
	The Company’s ordinary shares and warrants are listed on the Nasdaq Capital Market under the symbols “OXBR” and “OXBRW”, respectively.
	The Company, through the Subsidiary, provides collateralized reinsurance to cover excess of loss catastrophe risks of various affiliated and non-affiliated ceding insurers, including Claddaugh Casualty Insurance Company, Ltd. (“Claddaugh”) and Homeowners Choice Property & Casualty Insurance Company (“HCPCI”), which are related-party entities domiciled in Bermuda and Florida, respectively.
	(b) Basis of Presentation
	The accompanying interim unaudited condensed consolidated financial statements for the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information, and the Securities and Exchange Commission (“SEC”) rules for interim financial reporting and do not include all information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying interim unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the Company’s consolidated financial position as of September 30, 2014 and the consolidated results of operations and cash flows for the periods presented. The consolidated results of operations for interim periods are not necessarily indicative of the results of operations to be expected for the fiscal year ended December 31, 2014 or any other interim period. The accompanying interim unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with the audited consolidated financial statements for the period ended December 31, 2013 included in the Company’s Registration Statement on Form S-1 (as amended), which was declared effective by the SEC on February 28, 2014.
	In preparing the interim unaudited condensed consolidated financial statements, management was required to make certain estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosures at the financial reporting date and throughout the periods being reported upon. Certain of the estimates result from judgments that can be subjective and complex and consequently actual results may differ from these estimates, which would be reflected in future periods.
	Material estimates that are particularly susceptible to significant change in the near-term relate to the determination of the reserve for losses and loss adjustment expenses, valuation of investments and assessment of other-than-temporary impairment (“OTTI”) and loss experience refund payable. Although considerable variability is likely to be inherent in these estimates, management believes that the amounts provided are reasonable. These estimates are continually reviewed and adjusted as necessary. Such adjustments are reflected in current operations.
	All significant intercompany balances and transactions have been eliminated.

Significant_Accounting_Policie

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Significant Accounting Policies	'
	2	SIGNIFICANT ACCOUNTING POLICIES

	Cash and cash equivalents: Cash and cash equivalents are comprised of cash and short term investments with original maturities of three months or less.

	Restricted cash and cash equivalents: Restricted cash and cash equivalents represent funds held in accordance with the Company’s trust agreements with ceding insurers and trustees, which requires the Company to maintain collateral with a market value greater than or equal to the limit of liability, less unpaid premium.

	Investments: The Company’s investments consist of fixed-maturity securities and equity securities, and are classified as available for sale. The Company’s investments are carried at fair value with changes in fair value included as a separate component of accumulated other comprehensive income (loss) in shareholders’ equity.

	Unrealized gains or losses are determined by comparing the fair market value of the securities with their cost or amortized cost. Realized gains and losses on investments are recorded on the trade date and are included in the statements of income. The cost of securities sold is based on the specified identification method. Investment income is recognized as earned and discounts or premiums arising from the purchase of debt securities are recognized in investment income using the interest method over the remaining term of the security.

	The Company reviews all securities for other-than-temporary impairment (“OTTI”) on a quarterly basis and more frequently when economic or market conditions warrant such review. When the fair value of any investment is lower than its cost, an assessment is made to see whether the decline is temporary of other-than-temporary. If the decline is determined to be other-than-temporary the investment is written down to fair value and an impairment charge is recognized in income in the period in which the Company makes such determination. For a debt security that the Company does not intend to sell nor is it more likely than not that the Company will be required to sell before recovery of its amortized cost, only the credit loss component is recognized in income, while impairment related to all other factors is recognized in other comprehensive income (loss). The Company considers various factors in determining whether an individual security is other-than-temporary impaired (see Note 4).

	Fair value measurement: GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under GAAP are as follows:



	Level 1		Inputs that reflect unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date;

	Level 2		Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly, including inputs in markets that are not considered to be active; and

	Level 3		Inputs that are unobservable.

	Inputs are used in applying the various valuation techniques and broadly refer to the assumptions that market participants use to make valuation decisions, including assumptions about risk. For debt securities, inputs may include price information, volatility statistics, specific and broad credit data, liquidity statistics, broker quotes for similar securities and other factors. The fair value of investments in common stocks and exchange-traded funds is based on the last traded price. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. However, the determination of what constitutes “observable” requires significant judgment by the Company’s investment custodians. The investment custodians consider observable data to be market data which is readily available, regularly distributed or updated, reliable and verifiable, not proprietary, and provided by independent sources that are actively involved in the relevant markets. The categorization of a financial instrument within the hierarchy is based upon the pricing transparency of the instrument and does not necessarily correspond to the investment custodian’s perceived risk of that instrument.

	Deferred policy acquisition costs (“DAC”): Policy acquisition costs consist of brokerage fees, federal excise taxes and other costs related directly to the successful acquisition of new or renewal insurance contracts, and are deferred and amortized over the terms of the reinsurance agreements to which they relate. The Company evaluates the recoverability of DAC by determining if the sum of future earned premiums and anticipated investment income is greater than the expected future claims and expenses. If a loss is probable on the unexpired portion of policies in force, a premium deficiency loss is recognized. At September 30, 2014, the DAC was considered fully recoverable and no premium deficiency loss was recorded.

	Property and equipment: Property and equipment are recorded at cost when acquired. Property and equipment are comprised of motor vehicles, furniture and fixtures, computer equipment and leasehold improvements and are depreciated, using the straight-line method, over their estimated useful lives, which are five years for furniture and fixtures and computer equipment and four years for motor vehicles. Leasehold improvements are amortized over the lesser of the estimated useful lives of the assets or remaining lease term. The Company periodically reviews property and equipment that have finite lives, and that are not held for sale, for impairment by comparing the carrying value of the assets to their estimated future undiscounted cash flows. For the three-month and nine-month periods ended September 30, 2014, there were no impairments in property and equipment.

	Allowance for uncollectible receivables: Management evaluates credit quality by evaluating the exposure to individual counterparties; where warranted management also considers the credit rating or financial position, operating results and/or payment history of the counterparty. Management establishes an allowance for amounts for which collection is considered doubtful. Adjustments to previous assessments are recognized as income in the year in which they are determined. At September 30, 2014, no receivables were determined to be overdue or impaired and, accordingly, no allowance for uncollectible receivables has been established.

	Reserves for losses and loss adjustment expenses: The Company determines its reserves for losses and loss adjustment expenses on the basis of the claims reported by the Company’s ceding insurers, and for losses incurred but not reported, if any, management uses the assistance of an independent actuary. The reserves for losses and loss adjustment expenses represent management’s best estimate of the ultimate settlement costs of all losses and loss adjustment expenses. Management believes that the amounts are adequate; however, the inherent impossibility of predicting future events with precision, results in uncertainty as to the amount which will ultimately be required for the settlement of losses and loss expenses, and the differences could be material. Adjustments are reflected in the consolidated statements of income in the period in which they are determined.

	There were no losses or loss adjustment expenses incurred for the three-month and nine-month periods ended September 30, 2014 and 2013.

	Loss experience refund payable: Certain contracts include retrospective provisions that adjust premiums or result in profit commissions in the event losses are minimal or zero. Under such contracts, the Company expects to recognize aggregate liabilities payable to the ceding insurers of approximately $8.2 million from June 1, 2014 through May 31, 2015, assuming no losses occur during that period. In accordance with GAAP, the Company will recognize a liability in the period in which the absence of loss experience obligates the Company to pay cash or other consideration under the contracts. On the contrary, the Company will derecognize such liability in the period in which a loss experience arises. Such adjustments to the liability, which accrue throughout the contract terms, will reduce the liability should a catastrophic loss event covered by the Company occur.

	Premiums assumed: The Company records premiums assumed, net of loss experience refunds, as earned pro-rata over the terms of the reinsurance agreements and the unearned portion at the balance sheet date is recorded as unearned premiums reserve. A reserve is made for estimated premium deficiencies to the extent that estimated losses and loss adjustment expenses exceed related unearned premiums. Investment income is not considered in determining whether or not a deficiency exists.

	Certain contracts allow for reinstatement premiums in the event of a full limit loss prior to the expiry of the contract. A reinstatement premium is not due until there is a full limit loss event and therefore, in accordance with GAAP, the Company records a reinstatement premium as written only in the event that the reinsured incurs a full limit loss on the contract and the contract allows for a reinstatement of coverage upon payment of an additional premium. For catastrophe contracts which contractually require the payment of a reinstatement premium equal to or greater than the original premium upon the occurrence of a full limit loss, the reinstatement premiums are earned over the original contract period. Reinstatement premiums that are contractually calculated on a pro-rata basis of the original premiums are earned over the remaining coverage period.

	Preopening and Organizational Costs: Preopening and organizational costs incurred prior to the commencement of insurance operations were expensed as incurred in the period subsequent to incorporation (April 4, 2013).

	Prepaid offering costs: Prepaid offering costs relate to the Company’s Form S-1 and initial public offering and such costs were netted out of the offering proceeds upon consummation of the offering.

	Uncertain income tax positions: The authoritative GAAP guidance on accounting for, and disclosure of, uncertainty in income tax positions requires the Company to determine whether an income tax position of the Company is more likely than not to be sustained upon examination by the relevant tax authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. For income tax positions meeting the more likely than not threshold, the tax amount recognized in the financial statements, if any, is reduced by the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement with the relevant taxing authority. The application of this authoritative guidance has had no effect on the Company’s consolidated financial statements because the Company had no uncertain tax positions at September 30, 2014.

	Earnings per share: Basic earnings per share has been computed on the basis of the weighted-average number of shares of share capital outstanding during the periods presented. Diluted earnings per share is the same as basic earnings per share because the exercise price of the outstanding share capital warrants exceeded the fair value of the shares during the period. As of September 30, 2014, 8,230,700 warrants to purchase 8,230,700 ordinary shares at $7.50 per share were not dilutive because the exercise price exceeded the average market price. No warrants were exercised during the three-month and nine-month periods ended September 30, 2014.

	Recent accounting pronouncements: There have been no recent accounting pronouncements during the three-month or nine-month periods ended September 30, 2014 that are of significance or potential significance to the Company.

	Reclassifications: Certain reclassifications of prior period amounts have been made to conform to the current period presentation.

Cash_and_Cash_Equivalents_and_

Cash and Cash Equivalents and Restricted Cash and Cash Equivalents	9 Months Ended
	Sep. 30, 2014
Cash and Cash Equivalents [Abstract]	'
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents	'
	3	CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS



			September 30,		December 31,
			2014		2013
			(in thousands)		(in thousands)
	Cash on deposit		$	2,484	$	695
	Cash held with custodians			5,631		—
	Restricted cash held in trust			26,524		10,118

	Total			34,639		10,813


	Cash and cash equivalents are held by large and reputable counterparties in the United States of America and in the Cayman Islands. Restricted cash held in trust is custodied with Bank of New York Mellon and Wells Fargo Bank and is held in accordance with the Company’s trust agreements with the ceding insurers and trustees, which require that the Company provide collateral having a market value greater than or equal to the limit of liability less unpaid premium.

Investments

Investments	9 Months Ended
Investments	Sep. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
Investments	'
	4	INVESTMENTS
	The Company holds investments in fixed-maturity securities and equity securities that are classified as available-for-sale. The Company held no investments at December 31, 2013. At September 30, 2014, the cost or amortized cost, gross unrealized gains and losses, and estimated fair value of the Company’s available-for-sale securities by security type were as follows:


			Cost or			Gross			Gross				Estimated
			Amortized			Unrealized			Unrealized				Fair
			Cost			Gain			Loss				Value
			($ in thousands)
	As of September 30, 2014
	Fixed-maturity securities
	U.S. Treasury and U.S. government agencies		$	2,969		$	—		$	(9	)		$	2,960

	Total			2,969			—			(9	)			2,960
	Equity securities			6,062			105			(141	)			6,026

	Total available-for-sale securities		$	9,031		$	105		$	(150	)		$	8,986

	At September 30, 2014, fixed-maturity securities with fair value of $2,960,000 are held in trust accounts as collateral under reinsurance contacts with the Company’s ceding insurers.

	Expected maturities will differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without penalties. The scheduled contractual maturities of fixed-maturity securities at September 30, 2014 are as follows:


			Amortized			Estimated
			Cost			Fair Value
	As of September 30, 2014		($ in thousands)
	Available-for-sale
	Due in one year or less		$	—		$	—
	Due after one year through five years			2,969			2,960
	Due after five years through ten years			—			—
	Due after ten years			—			—

			$	2,969		$	2,960

	Proceeds received, and the gross realized gains and losses from sales of available-for-sale securities, for the three and nine months ended September 30, 2014 were as follows:


			Proceeds			Gross			Gross
						Realized			Realized
						Gains			Losses
			($ in thousands)
	Three months ended September 30, 2014
	Fixed-maturity securities		$	—		$	—		$	—

	Equity securities		$	2,880		$	166		$	1


	Nine months ended September 30, 2014
	Fixed-maturity securities		$	—		$	—		$	—

	Equity securities		$	2,880		$	166		$	1

	The Company regularly reviews its individual investment securities for OTTI. The Company considers various factors in determining whether each individual security is other-than-temporarily impaired, including:

		•		the financial condition and near-term prospects of the issuer, including any specific events that may affect its operations or income;

		•		the length of time and the extent to which the market value of the security has been below its cost or amortized cost;

		•		general market conditions and industry or sector specific factors;

		•		nonpayment by the issuer of its contractually obligated interest and principal payments; and

		•		the Company’s intent and ability to hold the investment for a period of time sufficient to allow for the recovery of costs.
	Securities with gross unrealized loss positions at September 30, 2014, aggregated by investment category and length of time the individual securities have been in a continuous loss position, are as follows:


		Less Than Twelve						Twelve Months or							Total
		Months						Greater							Total
As of September 30, 2014		Gross			Estimated			Gross				Estimated			Gross		Estimated
		Unrealized			Fair			Unrealized				Fair			Unrealized		Fair
		Loss			Value			Loss				Value			Loss		Value
		($ in thousands)						($ in thousands)							($ in thousands)
Fixed-maturity securities
U.S. Treasury and U.S. government agencies		$	9		$	2,960		$	—			$	—		$	9	$	2,960

Total fixed-maturity securities			9			2,960			—				—			9		2,960
Equity securities			141			3,538			—				—			141		3,538

Total available-for-sale securities		$	150		$	6,498		$	—			$	—		$	150	$	6,498

The Company believes there were no fundamental issues such as credit losses or other factors with respect to any of its available-for-sale securities. It is expected that the securities would not be settled at a price less than the par value of the investments. In determining whether equity securities are other than temporarily impaired, the Company considers its intent and ability to hold a security for a period of time sufficient to allow for the recovery of cost. Because the decline in fair value is attributable to changes in interest rates or market conditions and not credit quality, and because the Company has the ability and intent to hold its available-for-sale investments until a market price recovery or maturity, the Company does not consider any of its investments to be other-than-temporarily impaired at September 30, 2014.
Assets Measured at Estimated Fair Value on a Recurring Basis
The following table presents information about the Company’s financial assets measured at estimated fair value on a recurring basis that is reflected in the consolidated balance sheets at carrying value. The table indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value as of September 30, 2014:



		Fair Value Measurements Using
		(Level 1)			(Level 2)			(Level 3)				Total
As of September 30, 2014		($ in thousands)
Financial Assets:
Cash and cash equivalents		$	8,115		$	—		$	—			$	8,115

Restricted cash and cash equivalents		$	26,524		$	—		$	—			$	26,524

Fixed-maturity securities:
U.S. Treasury and U.S. government agencies			2,960			—			—				2,960

Total fixed-maturity securities			2,960			—			—				2,960
Equity securities			6,026			—			—				6,026

Total available-for-sale securities			8,986			—			—				8,986

Total		$	43,625		$	—		$	—			$	43,625

Taxation

Taxation	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Taxation	'
	5	TAXATION
	Under current Cayman Islands law, no corporate entity, including the Company and the Subsidiary, is obligated to pay taxes in the Cayman Islands on either income or capital gains. The Company and the Subsidiary have an undertaking from the Governor-in-Cabinet of the Cayman Islands, pursuant to the provisions of the Tax Concessions Law, as amended, that, in the event that the Cayman Islands enacts any legislation that imposes tax on profits, income, gains or appreciations, or any tax in the nature of estate duty or inheritance tax, such tax will not be applicable to the Company and the Subsidiary or their operations, or to the ordinary shares or related obligations, until April 23, 2033 and May 17, 2033, respectively.

Shareholders_Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Shareholders' Equity	'
	6	SHAREHOLDERS’ EQUITY

	On February 28, 2014, the Company’s Registration Statement on Form S-1, as amended, relating to the initial public offering of the Company’s units was declared effective by the SEC. The Registration Statement covered the offer and sale by the Company of 4,884,650 units, each consisting of one ordinary share and one warrant (“Unit”), which were sold to the public on March 26, 2014 at a price of $6.00 per Unit. The ordinary shares and warrants comprising the Units began separate trading on May 9, 2014. The ordinary shares and warrants are traded on the Nasdaq Capital Market under the symbols “OXBR” and “OXBRW,” respectively. One warrant may be exercised to acquire one ordinary share at an exercise price equal to $7.50 per share on or before March 26, 2019. At any time after September 26, 2014 and before the expiration of the warrants, the Company at its option may cancel the warrants in whole or in part, provided that the closing price per ordinary share has exceeded $9.38 for at least ten trading days within any period of twenty consecutive trading days, including the last trading day of the period.

	The initial public offering resulted in aggregate gross proceeds to the Company of approximately $29.3 million (of which approximately $5 million related to the fair value proceeds on the warrants issued) and net proceeds of approximately $26.9 million after deducting underwriting commissions and offering expenses.

	In June 2013, the Company completed the sale of 1,115,350 units, each consisting of one of the Company’s ordinary shares and three warrants, in its initial private placement offering. One warrant may be exercised to acquire one ordinary share at an exercise price equal to $7.50 per share on or before May 31, 2018. The initial private placement offering resulted in aggregate gross proceeds to the Company of approximately $6.7 million, of which $3,479,892 related to the fair value proceeds on the warrants issued.

	The fair value of the warrants issued in the initial public offering and initial private placement offering of $1.04 per warrant was determined by the Black-Scholes pricing model using the following assumptions: volatility of 48%, an expected life of 5 years, expected dividend yield of 8% and a risk-free interest rate of 1.69%. There were 8,230,700 warrants outstanding at September 30, 2014. No warrants were exercised during the three-month or nine-month periods ended September 30, 2014.

	On January 19, 2014, the Company’s Board of Directors declared dividends of $0.12 per share for the third quarter and the fourth quarter of the year ended December 31, 2013. Such dividends were resolved to be payable to shareholders of record as of December 31, 2013, and such dividends were paid in February 2014. Additionally, on July 6, 2014, the Company’s Board of Directors declared dividends of $0.12 per share, payable to shareholders of record as of August 8, 2014, and such dividends were paid in August 2014.

	As of September 30, 2014, none of the Company’s retained earnings were restricted from payment of dividends to the Company’s shareholders. However, since most of the Company’s capital and retained earnings may be invested in the Subsidiary, a dividend from the Subsidiary would likely be required in order to fund a dividend to the Company’s shareholders and would require notification to CIMA.

	Under Cayman Islands law, the use of additional paid-in capital is restricted, and the Company will not be allowed to pay dividends out of additional paid-in capital if such payments result in breaches of the prescribed and minimum capital requirement. See also Note 7.

Net_Worth_for_Regulatory_Purpo

Net Worth for Regulatory Purposes	9 Months Ended
	Sep. 30, 2014
Text Block [Abstract]	'
Net Worth for Regulatory Purposes	'
	7	NET WORTH FOR REGULATORY PURPOSES
	The Subsidiary is subject to a minimum and prescribed capital requirement as established by CIMA. Under the terms of its license, the Subsidiary is required to maintain a minimum and prescribed capital requirement of $500 in accordance with the Subsidiary’s approved business plan filed with CIMA. At September 30, 2014, the Subsidiary’s net worth of $22.7 million exceeded the minimum and prescribed capital requirement. For the three-month and nine-month periods ended September 30, 2014, the Subsidiary’s net income was approximately $1.1 million and $1.9 million, respectively.
	The Subsidiary is not required to prepare separate statutory financial statements for filing with CIMA, and there were no material differences between the Subsidiary’s GAAP capital, surplus and net income, and its statutory capital, surplus and net income as of September 30, 2014 or for the periods then ended.

Fair_Value_and_Certain_Risks_a

Fair Value and Certain Risks and Uncertainties	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value and Certain Risks and Uncertainties	'
	8	FAIR VALUE AND CERTAIN RISKS AND UNCERTAINTIES

	Fair values

	With the exception of balances in respect of insurance contracts (which are specifically excluded from fair value disclosures under GAAP) and investment securities as disclosed in Note 4 of these consolidated financial statements, the carrying amounts of all other financial instruments, which consist of cash and cash equivalents, restricted cash and cash equivalents, accrued interest and dividends receivable, premiums receivable and other receivables and accounts payable and accruals, approximate their fair values due to their short-term nature.

	Concentration of underwriting risk

	Substantially all of the Company’s current reinsurance business ultimately relates to the risks of two entities domiciled in Florida in the United States, one of which is under common directorship; accordingly the Company’s underwriting risks are not significantly diversified.

	Credit risk

	The Company is exposed to credit risk in relation to counterparties that may default on their obligations to the Company. The amount of counterparty credit risk predominantly relates to premiums receivable and assets held at the counterparties. The Company mitigates its counterparty credit risk by using several counterparties which decreases the likelihood of any significant concentration of credit risk with any one counterparty. In addition, the Company is exposed to credit risk on fixed-maturity debt instruments to the extent that the debtors may default on their debt obligations.

	Market risk

	Market risk exists to the extent that the values of the Company’s monetary assets fluctuate as a result of changes in market prices. Changes in market prices can arise from factors specific to individual securities or their respective issuers, or factors affecting all securities traded in a particular market. Relevant factors for the Company are both volatility and liquidity of specific securities and markets in which the Company holds investments. The Company has established investment guidelines that seek to mitigate significant exposure to market risk.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	9	COMMITMENTS AND CONTINGENCIES

	The Company has an operating lease for office space located at Harbour Place, 103 South Church Street, Grand Cayman, Cayman Islands. The term of the lease is one year which commenced on March 1, 2014. Rent expense under this lease for the three-month and nine-month periods ended September 30, 2014 were $9,000 and $27,000, respectively, and lease commitments at September 30, 2014 were $15,000.

	The Company also has an operating lease for residential space at Britannia Villas #616, Grand Cayman, Cayman Islands. The original term of the lease, which commenced on October 1, 2013, was 13 months. The lease was extended for another 12 months under substantially the same terms and conditions. Rent expense under this lease for the three-month and nine-month periods ended September 30, 2014 were $12,600 and $37,800, respectively, and lease commitments at September 30, 2014 were $54,600.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
Related Party Transactions	Sep. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	10	RELATED PARTY TRANSACTIONS

	The Company has entered into reinsurance agreements with Claddaugh and HCPCI, both of which are related entities through common directorships. At September 30, 2014 and December 31, 2013, included within premiums receivable, loss experience refund payable and unearned premiums reserve on the condensed consolidated balance sheets are the following related-party amounts:



			At September 30,			At December 31,
			2014			2013
			(Unaudited)
			(in thousands)
	Premiums receivable			501			—
	Loss experience refund payable			3,242			1,367
	Unearned premiums reserve			3,380			2,036

	During the period ended December 31, 2013, the Company paid brokerage fees of $116,651 to Advocate Reinsurance Partners LLC, a company in which a former director of the Company holds a senior partner position. Included within policy acquisition costs and underwriting expenses on the condensed consolidated statements of income are amounts relating to the amortization of such related-party brokerage fees, which amounts are shown in the table below.

	During the three-month and nine-month periods ended September 30, 2014 and 2013, included within assumed premiums, change in loss experience refund payable and change in unearned premiums reserve on the condensed consolidated statements of income are the following related-party amounts:



			Three Months Ended						Nine Months Ended
			September 30,						September 30,
			2014			2013			2014			2013
			(in thousands)						(in thousands)
	Revenue
	Assumed premiums		$	—			—		$	5,070			4,886
	Change in loss experience refund payable			(674	)		(586	)		(1,875	)		(781	)
	Change in unearned premiums reserve			1,268			1,222			(1,344	)		3,258
	Expenses
	Policy acquisition costs & underwriting expenses			—			29			49			29

	Except as disclosed elsewhere in these condensed consolidated financial statements and notes thereto, there were no other related-party balances at September 30, 2014 or related party transactions for the three-month and nine-month periods ended September 30, 2014.

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	11	SUBSEQUENT EVENTS

	We evaluate all subsequent events and transactions for potential recognition or disclosure in our financial statements.

	On November 1, 2014, the Company’s Board of Directors declared dividends of $0.12 per ordinary share, payable on November 28, 2014 to shareholders of record as of November 17, 2014.

Significant_Accounting_Policie1

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Cash and cash equivalents	'
	Cash and cash equivalents: Cash and cash equivalents are comprised of cash and short term investments with original maturities of three months or less.
Restricted cash and cash equivalents	'
	Restricted cash and cash equivalents: Restricted cash and cash equivalents represent funds held in accordance with the Company’s trust agreements with ceding insurers and trustees, which requires the Company to maintain collateral with a market value greater than or equal to the limit of liability, less unpaid premium.
Investments	'

	Investments: The Company’s investments consist of fixed-maturity securities and equity securities, and are classified as available for sale. The Company’s investments are carried at fair value with changes in fair value included as a separate component of accumulated other comprehensive income (loss) in shareholders’ equity.

	Unrealized gains or losses are determined by comparing the fair market value of the securities with their cost or amortized cost. Realized gains and losses on investments are recorded on the trade date and are included in the statements of income. The cost of securities sold is based on the specified identification method. Investment income is recognized as earned and discounts or premiums arising from the purchase of debt securities are recognized in investment income using the interest method over the remaining term of the security.

	The Company reviews all securities for other-than-temporary impairment (“OTTI”) on a quarterly basis and more frequently when economic or market conditions warrant such review. When the fair value of any investment is lower than its cost, an assessment is made to see whether the decline is temporary of other-than-temporary. If the decline is determined to be other-than-temporary the investment is written down to fair value and an impairment charge is recognized in income in the period in which the Company makes such determination. For a debt security that the Company does not intend to sell nor is it more likely than not that the Company will be required to sell before recovery of its amortized cost, only the credit loss component is recognized in income, while impairment related to all other factors is recognized in other comprehensive income (loss). The Company considers various factors in determining whether an individual security is other-than-temporary impaired (see Note 4).
Fair value measurement	'

	Fair value measurement: GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under GAAP are as follows:



	Level 1	Inputs that reflect unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date;

	Level 2	Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly, including inputs in markets that are not considered to be active; and

	Level 3	Inputs that are unobservable.

	Inputs are used in applying the various valuation techniques and broadly refer to the assumptions that market participants use to make valuation decisions, including assumptions about risk. For debt securities, inputs may include price information, volatility statistics, specific and broad credit data, liquidity statistics, broker quotes for similar securities and other factors. The fair value of investments in common stocks and exchange-traded funds is based on the last traded price. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. However, the determination of what constitutes “observable” requires significant judgment by the Company’s investment custodians. The investment custodians consider observable data to be market data which is readily available, regularly distributed or updated, reliable and verifiable, not proprietary, and provided by independent sources that are actively involved in the relevant markets. The categorization of a financial instrument within the hierarchy is based upon the pricing transparency of the instrument and does not necessarily correspond to the investment custodian’s perceived risk of that instrument.
Deferred policy acquisition costs ("DAC")	'
	Deferred policy acquisition costs (“DAC”): Policy acquisition costs consist of brokerage fees, federal excise taxes and other costs related directly to the successful acquisition of new or renewal insurance contracts, and are deferred and amortized over the terms of the reinsurance agreements to which they relate. The Company evaluates the recoverability of DAC by determining if the sum of future earned premiums and anticipated investment income is greater than the expected future claims and expenses. If a loss is probable on the unexpired portion of policies in force, a premium deficiency loss is recognized. At September 30, 2014, the DAC was considered fully recoverable and no premium deficiency loss was recorded.
Property and equipment	'
	Property and equipment: Property and equipment are recorded at cost when acquired. Property and equipment are comprised of motor vehicles, furniture and fixtures, computer equipment and leasehold improvements and are depreciated, using the straight-line method, over their estimated useful lives, which are five years for furniture and fixtures and computer equipment and four years for motor vehicles. Leasehold improvements are amortized over the lesser of the estimated useful lives of the assets or remaining lease term. The Company periodically reviews property and equipment that have finite lives, and that are not held for sale, for impairment by comparing the carrying value of the assets to their estimated future undiscounted cash flows. For the three-month and nine-month periods ended September 30, 2014, there were no impairments in property and equipment.
Allowance for uncollectible receivables	'
	Allowance for uncollectible receivables: Management evaluates credit quality by evaluating the exposure to individual counterparties; where warranted management also considers the credit rating or financial position, operating results and/or payment history of the counterparty. Management establishes an allowance for amounts for which collection is considered doubtful. Adjustments to previous assessments are recognized as income in the year in which they are determined. At September 30, 2014, no receivables were determined to be overdue or impaired and, accordingly, no allowance for uncollectible receivables has been established.
Reserves for losses and loss adjustment expenses	'

	Reserves for losses and loss adjustment expenses: The Company determines its reserves for losses and loss adjustment expenses on the basis of the claims reported by the Company’s ceding insurers, and for losses incurred but not reported, if any, management uses the assistance of an independent actuary. The reserves for losses and loss adjustment expenses represent management’s best estimate of the ultimate settlement costs of all losses and loss adjustment expenses. Management believes that the amounts are adequate; however, the inherent impossibility of predicting future events with precision, results in uncertainty as to the amount which will ultimately be required for the settlement of losses and loss expenses, and the differences could be material. Adjustments are reflected in the consolidated statements of income in the period in which they are determined.

	There were no losses or loss adjustment expenses incurred for the three-month and nine-month periods ended September 30, 2014 and 2013.
Loss experience refund payable	'

	Loss experience refund payable: Certain contracts include retrospective provisions that adjust premiums or result in profit commissions in the event losses are minimal or zero. Under such contracts, the Company expects to recognize aggregate liabilities payable to the ceding insurers of approximately $8.2 million from June 1, 2014 through May 31, 2015, assuming no losses occur during that period. In accordance with GAAP, the Company will recognize a liability in the period in which the absence of loss experience obligates the Company to pay cash or other consideration under the contracts. On the contrary, the Company will derecognize such liability in the period in which a loss experience arises. Such adjustments to the liability, which accrue throughout the contract terms, will reduce the liability should a catastrophic loss event covered by the Company occur.
Premiums assumed	'
	Premiums assumed: The Company records premiums assumed, net of loss experience refunds, as earned pro-rata over the terms of the reinsurance agreements and the unearned portion at the balance sheet date is recorded as unearned premiums reserve. A reserve is made for estimated premium deficiencies to the extent that estimated losses and loss adjustment expenses exceed related unearned premiums. Investment income is not considered in determining whether or not a deficiency exists.
	Certain contracts allow for reinstatement premiums in the event of a full limit loss prior to the expiry of the contract. A reinstatement premium is not due until there is a full limit loss event and therefore, in accordance with GAAP, the Company records a reinstatement premium as written only in the event that the reinsured incurs a full limit loss on the contract and the contract allows for a reinstatement of coverage upon payment of an additional premium. For catastrophe contracts which contractually require the payment of a reinstatement premium equal to or greater than the original premium upon the occurrence of a full limit loss, the reinstatement premiums are earned over the original contract period. Reinstatement premiums that are contractually calculated on a pro-rata basis of the original premiums are earned over the remaining coverage period.
Preopening and Organizational Costs	'
	Preopening and Organizational Costs: Preopening and organizational costs incurred prior to the commencement of insurance operations were expensed as incurred in the period subsequent to incorporation (April 4, 2013).
Prepaid offering costs	'
	Prepaid offering costs: Prepaid offering costs relate to the Company’s Form S-1 and initial public offering and such costs were netted out of the offering proceeds upon consummation of the offering.
Uncertain income tax positions	'
	Uncertain income tax positions: The authoritative GAAP guidance on accounting for, and disclosure of, uncertainty in income tax positions requires the Company to determine whether an income tax position of the Company is more likely than not to be sustained upon examination by the relevant tax authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. For income tax positions meeting the more likely than not threshold, the tax amount recognized in the financial statements, if any, is reduced by the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement with the relevant taxing authority. The application of this authoritative guidance has had no effect on the Company’s consolidated financial statements because the Company had no uncertain tax positions at September 30, 2014.
Earnings per share	'
	Earnings per share: Basic earnings per share has been computed on the basis of the weighted-average number of shares of share capital outstanding during the periods presented. Diluted earnings per share is the same as basic earnings per share because the exercise price of the outstanding share capital warrants exceeded the fair value of the shares during the period. As of September 30, 2014, 8,230,700 warrants to purchase 8,230,700 ordinary shares at $7.50 per share were not dilutive because the exercise price exceeded the average market price. No warrants were exercised during the three-month and nine-month periods ended September 30, 2014.
Recent accounting pronouncements	'
	Recent accounting pronouncements: There have been no recent accounting pronouncements during the three-month or nine-month periods ended September 30, 2014 that are of significance or potential significance to the Company.
Reclassifications	'
	Reclassifications: Certain reclassifications of prior period amounts have been made to conform to the current period presentation.

Cash_and_Cash_Equivalents_and_1

Cash and Cash Equivalents and Restricted Cash and Cash Equivalents (Tables)	9 Months Ended
	Sep. 30, 2014
Cash and Cash Equivalents [Abstract]	'
Summary of Cash and Cash Equivalents and Restricted Cash and Cash Equivalents	'

		September 30,		December 31,
		2014		2013
		(in thousands)		(in thousands)
	Cash on deposit	$	2,484	$	695
	Cash held with custodians		5,631		—
	Restricted cash held in trust		26,524		10,118

	Total		34,639		10,813

Investments_Tables

Investments (Tables)	9 Months Ended
Investments (Tables)	Sep. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
Summary of Available-for-sale Securities	'

	At September 30, 2014, the cost or amortized cost, gross unrealized gains and losses, and estimated fair value of the Company’s available-for-sale securities by security type were as follows:



		Cost or		Gross		Gross			Estimated
		Amortized		Unrealized		Unrealized			Fair
		Cost		Gain		Loss			Value
		($ in thousands)
	As of September 30, 2014
	Fixed-maturity securities
	U.S. Treasury and U.S. government agencies	$	2,969	$	—	$	(9	)	$	2,960

	Total		2,969		—		(9	)		2,960
	Equity securities		6,062		105		(141	)		6,026

	Total available-for-sale securities	$	9,031	$	105	$	(150	)	$	8,986

Schedule of Contractual Maturities of Fixed-maturity Securities	'

	The scheduled contractual maturities of fixed-maturity securities at September 30, 2014 are as follows:



		Amortized		Estimated
		Cost		Fair Value
	As of September 30, 2014	($ in thousands)
	Available-for-sale
	Due in one year or less	$	—	$	—
	Due after one year through five years		2,969		2,960
	Due after five years through ten years		—		—
	Due after ten years		—		—

		$	2,969	$	2,960

Summary of Proceeds Received, and Gross Realized Gains and Losses from Sales of Available-for-sale Securities	'
	Proceeds received, and the gross realized gains and losses from sales of available-for-sale securities, for the three and nine months ended September 30, 2014 were as follows:


		Proceeds		Gross		Gross
				Realized		Realized
				Gains		Losses
		($ in thousands)
	Three months ended September 30, 2014
	Fixed-maturity securities	$	—	$	—	$	—

	Equity securities	$	2,880	$	166	$	1

	Nine months ended September 30, 2014
	Fixed-maturity securities	$	—	$	—	$	—

	Equity securities	$	2,880	$	166	$	1

Summary of Securities with Gross Unrealized Loss Positions	'

	Securities with gross unrealized loss positions at September 30, 2014, aggregated by investment category and length of time the individual securities have been in a continuous loss position, are as follows:



		Less Than Twelve				Twelve Months or					Total
		Months				Greater					Total
	As of September 30, 2014	Gross		Estimated		Gross			Estimated		Gross		Estimated
		Unrealized		Fair		Unrealized			Fair		Unrealized		Fair
		Loss		Value		Loss			Value		Loss		Value
		($ in thousands)				($ in thousands)					($ in thousands)
	Fixed-maturity securities
	U.S. Treasury and U.S. government agencies	$	9	$	2,960	$	—		$	—	$	9	$	2,960

	Total fixed-maturity securities		9		2,960		—			—		9		2,960
	Equity securities		141		3,538		—			—		141		3,538

	Total available-for-sale securities	$	150	$	6,498	$	—		$	—	$	150	$	6,498
Fair Value of Assets Measured on Recurring Basis	'

	The table indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value as of September 30, 2014:



		Fair Value Measurements Using
		(Level 1)		(Level 2)		(Level 3)			Total
	As of September 30, 2014	($ in thousands)
	Financial Assets:
	Cash and cash equivalents	$	8,115	$	—	$	—		$	8,115

	Restricted cash and cash equivalents	$	26,524	$	—	$	—		$	26,524

	Fixed-maturity securities:
	U.S. Treasury and U.S. government agencies		2,960		—		—			2,960

	Total fixed-maturity securities		2,960		—		—			2,960
	Equity securities		6,026		—		—			6,026

	Total available-for-sale securities		8,986		—		—			8,986

	Total	$	43,625	$	—	$	—		$	43,625

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	9 Months Ended
Related Party Transactions (Tables)	Sep. 30, 2014
Related Party Transactions [Abstract]	'
Schedule of Premium Receivable, Loss Experience Refund Repayable and Unearned Premiums	'
	At September 30, 2014 and December 31, 2013, included within premiums receivable, loss experience refund payable and unearned premiums reserve on the condensed consolidated balance sheets are the following related-party amounts:


		At September 30,			At December 31,
		2014			2013
		(Unaudited)
		(in thousands)
	Premiums receivable		501			—
	Loss experience refund payable		3,242			1,367
	Unearned premiums reserve		3,380			2,036
Summary of Related Party Transactions	'
	During the three-month and nine-month periods ended September 30, 2014 and 2013, included within assumed premiums, change in loss experience refund payable and change in unearned premiums reserve on the condensed consolidated statements of income are the following related-party amounts:


		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
		(in thousands)						(in thousands)
	Revenue
	Assumed premiums	$	—			—		$	5,070			4,886
	Change in loss experience refund payable		(674	)		(586	)		(1,875	)		(781	)
	Change in unearned premiums reserve		1,268			1,222			(1,344	)		3,258
	Expenses
	Policy acquisition costs & underwriting expenses		—			29			49			29

Organization_and_Basis_of_Pres1

Organization and Basis of Presentation - Additional Information (Detail)	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Equity Method Investment, Ownership Percentage	100.00%

Significant_Accounting_Policie2

Significant Accounting Policies - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Significant Accounting Policies [Line Items]	'	'	'	'
Impairments in fixed assets	$0	'	$0	'
Receivables	0	'	0	'
Allowance for uncollectible receivables	0	'	0	'
Loss and loss adjustment expenses	0	0	0	0
Provisions	0	'	0	'
Liabilities payable to ceding reinsurer	8,200,000	'	8,200,000	'
Losses during period	'	'	0	'
Uncertain tax positions	$0	'	$0	'
Likelihood percentage	'	'	'For income tax positions meeting the more likely than not threshold, the tax amount recognized in the financial statements, if any, is reduced by the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement with the relevant taxing authority.	'
Number of ordinary shares which can be purchased by the exercise of warrants	8,230,700	'	8,230,700	'
Warrant outstanding	8,230,700	'	8,230,700	'
Warrants exercise price	$7.50	'	$7.50	'
Warrants exercised	0	'	0	'
Furniture and Fixtures [Member]	'	'	'	'
Significant Accounting Policies [Line Items]	'	'	'	'
Fixed asset, Estimated useful life	'	'	'5 years	'
Motor Vehicles [Member]	'	'	'	'
Significant Accounting Policies [Line Items]	'	'	'	'
Fixed asset, Estimated useful life	'	'	'4 years	'

Cash_and_Cash_Equivalents_and_2

Cash and Cash Equivalents and Restricted Cash and Cash Equivalents - Summary of Cash and Cash Equivalents and Restricted Cash and Cash Equivalents (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Cash and Cash Equivalents [Abstract]	'	'
Cash on deposit	$2,484	$695
Cash held with custodians	5,631	0
Restricted cash held in trust	26,524	10,118
Total	$34,639	$10,813

Investments_Additional_Informa

Investments - Additional Information (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Amortized Cost and Fair Value Debt Securities [Abstract]	'	'
Investments in available-for-sale securities	$8,986	$0
Fair value of fixed-maturity securities held in trust accounts	$2,960	$0

Investments_Summary_of_Availab

Investments - Summary of Available-for-sale Securities (Detail) (USD $)	Sep. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014
Schedule of Available-for-sale Securities [Line Items]	'
Cost or Amortized cost	$9,031
Gross Unrealized Gain	105
Gross Unrealized Loss	-150
Estimated Fair Value	8,986
Fixed Maturity Securities [Member]	'
Schedule of Available-for-sale Securities [Line Items]	'
Cost or Amortized cost	2,969
Gross Unrealized Gain	0
Gross Unrealized Loss	-9
Estimated Fair Value	2,960
Fixed Maturity Securities [Member] \| U.S. Treasury and U.S. Government Agencies [Member]	'
Schedule of Available-for-sale Securities [Line Items]	'
Cost or Amortized cost	2,969
Gross Unrealized Gain	0
Gross Unrealized Loss	-9
Estimated Fair Value	2,960
Equity Securities [Member]	'
Schedule of Available-for-sale Securities [Line Items]	'
Cost or Amortized cost	6,062
Gross Unrealized Gain	105
Gross Unrealized Loss	-141
Estimated Fair Value	$6,026

Investments_Schedule_of_Contra

Investments - Schedule of Contractual Maturities of Fixed-maturity Securities (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Amortized Cost and Fair Value Debt Securities [Abstract]	'	'
Due in one year or less	$0	'
Due after one year through five years	2,969	'
Due after five years through ten years	0	'
Due after ten years	0	'
Total amortized cost available for sale	2,969	0
Due in one year or less	0	'
Due after one year through five years	2,960	'
Due after five years through ten years	0	'
Due after ten years	0	'
Total estimated fair value available for sale	$2,960	$0

Investments_Summary_of_Proceed

Investments - Summary of Proceeds Received, and Gross Realized Gains and Losses from Sales of Available-for-sale Securities (Detail) (USD $)	3 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2014
Fixed Maturity Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Proceeds	$0	$0
Gross Realized Gains	0	0
Gross Realized Losses	0	0
Equity Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Proceeds	2,880	2,880
Gross Realized Gains	166	166
Gross Realized Losses	$1	$1

Investments_Summary_of_Securit

Investments - Summary of Securities with Gross Unrealized Loss Positions (Detail) (USD $)	Sep. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014
Schedule of Available-for-sale Securities [Line Items]	'
Available-for-sale securities, Continuous Unrealized Loss Position, Less Than 12 Months, Gross Unrealized Loss	$150
Available-for-sale securities, Continuous Unrealized Loss Position, Less Than 12 Months, Fair Value	6,498
Available-for-sale securities, Continuous Unrealized Loss Position, 12 Months or Greater, Gross Unrealized Loss	'
Available-for-sale securities, Continuous Unrealized Loss Position, 12 Months or Greater, Fair Value	'
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Loss, Total	150
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total	6,498
Fixed Maturity Securities [Member]	'
Schedule of Available-for-sale Securities [Line Items]	'
Available-for-sale securities, Continuous Unrealized Loss Position, Less Than 12 Months, Gross Unrealized Loss	9
Available-for-sale securities, Continuous Unrealized Loss Position, Less Than 12 Months, Fair Value	2,960
Available-for-sale securities, Continuous Unrealized Loss Position, 12 Months or Greater, Gross Unrealized Loss	'
Available-for-sale securities, Continuous Unrealized Loss Position, 12 Months or Greater, Fair Value	'
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Loss, Total	9
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total	2,960
Fixed Maturity Securities [Member] \| U.S. Treasury and U.S. Government Agencies [Member]	'
Schedule of Available-for-sale Securities [Line Items]	'
Available-for-sale securities, Continuous Unrealized Loss Position, Less Than 12 Months, Gross Unrealized Loss	9
Available-for-sale securities, Continuous Unrealized Loss Position, Less Than 12 Months, Fair Value	2,960
Available-for-sale securities, Continuous Unrealized Loss Position, 12 Months or Greater, Gross Unrealized Loss	'
Available-for-sale securities, Continuous Unrealized Loss Position, 12 Months or Greater, Fair Value	'
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Loss, Total	9
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total	2,960
Equity Securities [Member]	'
Schedule of Available-for-sale Securities [Line Items]	'
Available-for-sale securities, Continuous Unrealized Loss Position, Less Than 12 Months, Gross Unrealized Loss	141
Available-for-sale securities, Continuous Unrealized Loss Position, Less Than 12 Months, Fair Value	3,538
Available-for-sale securities, Continuous Unrealized Loss Position, 12 Months or Greater, Gross Unrealized Loss	'
Available-for-sale securities, Continuous Unrealized Loss Position, 12 Months or Greater, Fair Value	'
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Loss, Total	141
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total	$3,538

Investments_Fair_Value_of_Asse

Investments - Fair Value of Assets Measured on Recurring Basis (Detail) (USD $)	Sep. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Total available-for-sale securities	$8,986
Fair Value Measurements, Recurring [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Cash and cash equivalents	8,115
Restricted cash and cash equivalents	26,524
Total available-for-sale securities	8,986
Total	43,625
Fixed Maturity Securities [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Total available-for-sale securities	2,960
Fixed Maturity Securities [Member] \| U.S. Treasury and U.S. Government Agencies [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Total available-for-sale securities	2,960
Fixed Maturity Securities [Member] \| Fair Value Measurements, Recurring [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Total available-for-sale securities	2,960
Fixed Maturity Securities [Member] \| Fair Value Measurements, Recurring [Member] \| U.S. Treasury and U.S. Government Agencies [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Total available-for-sale securities	2,960
Equity Securities [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Total available-for-sale securities	6,026
Equity Securities [Member] \| Fair Value Measurements, Recurring [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Total available-for-sale securities	6,026
Fair Value, Inputs, Level 1 [Member] \| Fair Value Measurements, Recurring [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Cash and cash equivalents	8,115
Restricted cash and cash equivalents	26,524
Total available-for-sale securities	8,986
Total	43,625
Fair Value, Inputs, Level 1 [Member] \| Fixed Maturity Securities [Member] \| Fair Value Measurements, Recurring [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Total available-for-sale securities	2,960
Fair Value, Inputs, Level 1 [Member] \| Fixed Maturity Securities [Member] \| Fair Value Measurements, Recurring [Member] \| U.S. Treasury and U.S. Government Agencies [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Total available-for-sale securities	2,960
Fair Value, Inputs, Level 1 [Member] \| Equity Securities [Member] \| Fair Value Measurements, Recurring [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Total available-for-sale securities	$6,026

Shareholders_Equity_Additional

Shareholders' Equity - Additional Information (Detail) (USD $)	0 Months Ended			1 Months Ended	3 Months Ended	9 Months Ended
	Jul. 06, 2014	Feb. 28, 2014	Jan. 19, 2014	Jun. 30, 2013	Sep. 30, 2014	Sep. 30, 2014
Stockholders Equity [Line Items]	'	'	'	'	'	'
Initial public offering	'	4,884,650	'	'	'	'
Sale of company's ordinary shares	'	1	'	'	'	'
Sale of warrants	'	1	'	'	'	'
Price per unit	'	$6	'	'	'	'
Exercise price of Warrant exercised to acquire ordinary share	'	$7.50	'	$7.50	'	'
Closing price per ordinary share	'	$9.38	'	'	'	'
Least trading days within any period	'	'10 days	'	'	'	'
Within any period of consecutive trading days, including the last trading day of the period	'	'20 days	'	'	'	'
Aggregate gross proceeds resulted from IPO	'	'	'	'	'	$29,300,000
Fair value of proceeds on warrants issued	'	'	'	3,479,892	'	5,000,000
Net proceeds after deducting underwriting commissions and offering expenses	'	'	'	'	'	26,900,000
Sale of units	'	'	'	1,115,350	'	'
Aggregate gross proceeds from initial private placement offering	'	'	'	$6,700,000	'	'
Date up to which warrants can be exercised	'	'	'	31-May-18	'	'
Number of ordinary shares issued upon exercise of each warrant	'	'	'	1	'	'
Volatility	'	'	'	'	'	48.00%
Expected life	'	'	'	'	'	'5 years
Expected dividend yield	'	'	'	'	'	8.00%
Risk free interest rate	'	'	'	'	'	1.69%
Warrant outstanding	'	'	'	'	8,230,700	8,230,700
Warrants exercised	'	'	'	'	0	0
Declared dividends per share	$0.12	'	$0.12	'	'	'
Initial Public Offering [Member]	'	'	'	'	'	'
Stockholders Equity [Line Items]	'	'	'	'	'	'
Fair value of the warrants issued in the initial offering	'	'	'	'	1.04	$1.04
Initial Private Placement Offering [Member]	'	'	'	'	'	'
Stockholders Equity [Line Items]	'	'	'	'	'	'
Fair value of the warrants issued in the initial offering	'	'	'	'	1.04	$1.04

Net_Worth_for_Regulatory_Purpo1

Net Worth for Regulatory Purposes - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
Regulated Operations [Abstract]	'	'
Minimum prescribed capital requirement	$500	$500
Subsidiary net worth	22,700,000	22,700,000
Subsidiary's net income	$1,100,000	$1,900,000

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
Harbour Place, 103 South Church Street [Member]	'	'
Other Commitments [Line Items]	'	'
Lease term	'	'1 year
Rent expense	$9,000	$27,000
Lease commitments	'	15,000
Britannia Villas #616, Grand Cayman [Member]	'	'
Other Commitments [Line Items]	'	'
Lease term	'	'13 months
Rent expense	12,600	37,800
Lease commitments	'	$54,600

Related_Party_Transactions_Sch

Related Party Transactions - Schedule of Premium Receivable, Loss Experience Refund Repayable and Unearned Premiums (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Schedule of Other Related Party Transactions [Line Items]	'	'
Premiums receivable	$6,234	$0
Loss experience refund payable	5,080	1,367
Unearned premiums reserve	9,433	2,036
Claddaugh and HCPCI [Member]	'	'
Schedule of Other Related Party Transactions [Line Items]	'	'
Premiums receivable	501	'
Loss experience refund payable	3,242	1,367
Unearned premiums reserve	$3,380	$2,036

Related_Party_Transactions_Add

Related Party Transactions - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Dec. 31, 2013
Commitment, Contingency And Related Party Transactions [Abstract]	'	'	'
Brokerage fees paid	'	'	$116,651
Related party transactions amount	$0	$0	'

Related_Party_Transactions_Sum

Related Party Transactions - Summary of Related Party Transactions (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenue	'	'	'	'
Assumed premiums	$468	$0	$14,293	$4,886
Change in loss experience refund payable	2,052	586	3,713	781
Change in unearned premiums reserve	3,220	1,221	-7,397	-3,258
Expenses	'	'	'	'
Policy acquisition costs and underwriting expenses	129	41	302	55
Claddaugh and HCPCI [Member]	'	'	'	'
Revenue	'	'	'	'
Assumed premiums	'	'	5,070	4,886
Change in loss experience refund payable	-674	-586	-1,875	-781
Change in unearned premiums reserve	1,268	1,222	-1,344	3,258
Expenses	'	'	'	'
Policy acquisition costs and underwriting expenses	'	$29	$49	$29

Subsequent_Events_Additional_I

Subsequent Events - Additional Information (Detail) (USD $)	0 Months Ended
	Jul. 06, 2014	Jan. 19, 2014	Nov. 01, 2014
	Jul. 06, 2014	Jan. 19, 2014	Subsequent Event [Member]
Subsequent Event [Line Items]	'	'	'
Dividends payable	$0.12	$0.12	$0.12
Dividends payable, date declared	'	'	1-Nov-14
Dividends payable, date to be paid	'	'	28-Nov-14
Dividends payable, date of record	'	'	17-Nov-14