Segment Information (Tables)

9 Months Ended

Sep. 30, 2012

Revenue and Income (Loss) Before Income Taxes for Each Segment

	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
(in millions)	2012		2011			2012		2011
Revenue:
Earned premiums
Excess and Surplus Lines	$	100.8	$	99.5		$	295.5	$	305.8
Commercial Specialty		78.6		82.9			241.8		233.7
International Specialty		33.4		21.3			90.8		76.0
Syndicate 1200		90.8		67.3			242.3		188.2
Run-off Lines		0.7		(0.1	)		1.4		0.3
Total earned premiums		304.3		270.9			871.8		804.0
Net investment income
Excess and Surplus Lines		12.5		13.4			38.5		42.8
Commercial Specialty		6.7		6.6			20.6		21.0
International Specialty		3.1		2.4			10.0		8.1
Syndicate 1200		3.8		4.3			11.4		13.3
Run-off Lines		2.8		3.1			9.8		10.4
Corporate and Other		0.0		0.2			0.0		0.7
Total net investment income		28.9		30.0			90.3		96.3
Fee income, net		3.0		1.4			4.8		1.8
Net realized investment gains		8.3		3.9			18.7		37.7
Total revenue	$	344.5	$	306.2		$	985.6	$	939.8

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
(in millions)	2012			2011			2012			2011
Income (loss) before income taxes
Excess and Surplus Lines	$	15.1		$	21.1		$	56.3		$	41.6
Commercial Specialty		(2.7	)		(1.2	)		(11.8	)		(7.3	)
International Specialty		6.6			(13.1	)		22.0			(63.9	)
Syndicate 1200		11.8			(4.7	)		18.0			(49.0	)
Run-off Lines		(2.5	)		(5.8	)		(1.5	)		(2.0	)
Total segment income (loss) before taxes		28.3			(3.7	)		83.0			(80.6	)
Corporate and Other		(18.9	)		(4.2	)		(30.9	)		(27.1	)
Net realized investment gains		8.3			3.9			18.7			37.7
Total income (loss) before income taxes	$	17.7		$	(4.0	)	$	70.8		$	(70.0	)

Schedule of Earned Premiums by Geographic Location

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in millions)	2012		2011		2012		2011
Bermuda	$	32.6	$	21.2	$	83.5	$	76.3
Brazil		6.7		0.0		18.4		0.0
Malta		0.0		0.0		0.1		0.0
United Kingdom		84.9		67.3		231.1		188.2
United States		180.1		182.4		538.7		539.5
Total earned premiums	$	304.3	$	270.9	$	871.8	$	804.0

Identifiable Assets

	September 30,		December 31,
(in millions)	2012		2011
Excess and Surplus Lines	$	2,250.9	$	2,271.1
Commercial Specialty		1,307.3		1,285.4
International Specialty		736.7		694.7
Syndicate 1200		1,578.5		1,544.5
Run-off Lines		547.7		523.7
Corporate and Other		228.7		58.9
Total	$	6,649.8	$	6,378.3