Commitments and Contingencies a) Concentrations of Credit Risk At March 31, 2018 and December 31, 2017 , the Companys assets where significant concentrations of credit risk may exist include investments, cash and cash equivalents, loan to related party, reinsurance balances receivable and reinsurance recoverable on unpaid losses. The Company's reinsurance recoverable on unpaid losses balance at March 31, 2018 was $114,499 ( December 31, 2017 - $117,611 ). The three largest balances accounted for 32.3% , 20.1% and 17.8% , respectively, of the Company's reinsurance recoverable on unpaid losses balance at March 31, 2018 (December 31, 2017  34.0% , 19.2% and 17.4% , respectively). At March 31, 2018 , 98.7% (December 31, 2017 - 98.6% ) of the reinsurance recoverable on unpaid losses was due from reinsurers and retrocessionaires with credit ratings from A.M Best of A or better. At March 31, 2018 and December 31, 2017 , the Company had no valuation allowance against reinsurance recoverable on unpaid losses. The Company manages concentration of credit risk in the investment portfolio through issuer and sector exposure limitations. The Company believes it bears minimal credit risk in its cash on deposit. The Company also monitors the credit risk related to the loan to related party and its reinsurance balances receivable. To mitigate credit risk, we generally have a contractual right of offset thereby allowing us to settle claims net of any premiums or loan receivable. The Company believes these balances as at March 31, 2018 will be fully collectible. b) Concentrations of Revenue During the three months ended March 31, 2018 , our gross premiums written from AmTrust accounted for $573,928 or 67.3% of our total gross premiums written ( 2017  $591,382 or 64.0% ). c) Dividends Declared In February 2018, the Company's Board of Directors authorized the following quarterly dividend: Dividend per Share Payable on: Record date: Common shares $0.15 April 16, 2018 April 2, 2018 d) Legal Proceedings Except as noted below, the Comp