Unpaid Losses And Loss Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 2017

Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]

Reconciliation Of Consolidated Reserves For Losses And Loss Adjustment Expenses

The following table presents a reconciliation of consolidated beginning and ending reserves for losses and loss adjustment expenses.

	Six Months Ended June 30,
(dollars in thousands)	2017			2016
Net reserves for losses and loss adjustment expenses, beginning of year	$	8,108,717		$	8,235,288
Foreign currency movements	57,991			(42,388		)
Adjusted net reserves for losses and loss adjustment expenses, beginning of year	8,166,708			8,192,900
Incurred losses and loss adjustment expenses:
Current accident year	1,322,931			1,243,523
Prior accident years	(184,367		)	(246,314		)
Total incurred losses and loss adjustment expenses	1,138,564			997,209
Payments:
Current accident year	186,138			155,573
Prior accident years	829,126			874,698
Total payments	1,015,264			1,030,271
Effect of foreign currency rate changes	2,333			1,374
Net reserves for losses and loss adjustment expenses of acquired insurance companies	12,702			—
Net reserves for losses and loss adjustment expenses, end of period	8,305,043			8,161,212
Reinsurance recoverable on unpaid losses	2,007,652			2,038,687
Gross reserves for losses and loss adjustment expenses, end of period	$	10,312,695		$	10,199,899