XML 80 R45.htm IDEA: XBRL DOCUMENT v2.4.0.6
Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2011
Reinsurance [Abstract]  
Reinsurance
   
Years Ended December 31,
  
(Dollars in thousands)
  
2011
    
2010
    
2009
  
Written premiums:
                  
Direct
   $ 815,087     $ 823,378     $ 824,366  
Assumed
     3,471,087       3,377,341       3,304,589  
Ceded
     (177,275 )     (255,141 )     (199,194 )
Net written premiums
   $ 4,108,899     $ 3,945,578     $ 3,929,761  
                         
Premiums earned:
                        
Direct
   $ 871,598     $ 823,811     $ 808,793  
Assumed
     3,454,622       3,340,977       3,255,849  
Ceded
     (224,873 )     (230,163 )     (170,544 )
Net premiums earned
   $ 4,101,347     $ 3,934,625     $ 3,894,098  
                         
Incurred losses and LAE:
                        
Direct
   $ 744,017     $ 708,212     $ 655,263  
Assumed
     3,099,787       2,392,758       1,829,371  
Ceded
     (117,600 )     (155,258 )     (110,576 )
Net incurred losses and LAE
   $ 3,726,204     $ 2,945,712     $ 2,374,058