• Filing Date: 2020-03-23
  • Form Type: 10-K
  • Description: Annual report
v3.20.1
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents
12 Months Ended
Dec. 31, 2019
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents

 

    December 31,  
    2019     2018  
    (in thousands)  
             
Cash on deposit   $ 3,456     $ 3,965  
Cash held with custodians     2,506       4,109  
Restricted cash held in trust     2,054       3,225  
                 
Total   $ 8,016     $ 11,299  

 

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 SunTrust 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.