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Reserve For Losses And Loss Expenses (Tables)
12 Months Ended
Dec. 31, 2011
Reserve For Losses And Loss Expenses [Abstract]  
Schedule Of Reserve For Losses And Loss Expenses
     2011      2010  

OSLR

   $ 1,366,466       $ 1,166,516   

IBNR

     3,858,677         3,712,672   
  

 

 

    

 

 

 

Reserve for losses and loss expenses

   $ 5,225,143       $ 4,879,188   
  

 

 

    

 

 

 
Schedule Of Reconciliation Of Unpaid Losses And Loss Expenses
     2011     2010     2009  

Gross liability at beginning of year

   $ 4,879,188      $ 4,761,772      $ 4,576,828   

Reinsurance recoverable at beginning of year

     (927,588     (919,991     (888,314
  

 

 

   

 

 

   

 

 

 

Net liability at beginning of year

     3,951,600        3,841,781        3,688,514   
  

 

 

   

 

 

   

 

 

 

Net losses incurred related to:

      

Commutation of variable-rated reinsurance contracts

     11,529        8,864        —     

Current year

     1,201,155        1,012,374        852,052   

Prior years

     (253,528     (313,355     (247,992
  

 

 

   

 

 

   

 

 

 

Total incurred

     959,156        707,883        604,060   
  

 

 

   

 

 

   

 

 

 

Net paid losses related to:

      

Current year

     142,162        98,646        42,320   

Prior years

     542,649        498,084        415,901   
  

 

 

   

 

 

   

 

 

 

Total paid

     684,811        596,730        458,221   
  

 

 

   

 

 

   

 

 

 

Foreign exchange revaluation

     (3,721     (1,334     7,428   

Net liability at end of year

     4,222,224        3,951,600        3,841,781   

Reinsurance recoverable at end of year

     1,002,919        927,588        919,991   
  

 

 

   

 

 

   

 

 

 

Gross liability at end of year

   $ 5,225,143      $ 4,879,188      $ 4,761,772