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SEGMENT INFORMATION (TABLES)
 6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
UNDERWRITING RESULTS OF REPORTABLE SEGMENTS [Table Text Block]
 
  
2014
 
2013
 
 
Three months ended and at June 30,
Insurance
 
Reinsurance
 
Total
 
Insurance
 
Reinsurance
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross premiums written
$
754,110

 
$
477,169

 
$
1,231,279

 
$
781,055

 
$
438,750

 
$
1,219,805

 
 
Net premiums written
541,097

 
459,065

 
1,000,162

 
559,584

 
433,823

 
993,407

 
 
Net premiums earned
457,670

 
542,730

 
1,000,400

 
422,345

 
523,528

 
945,873

 
 
Other insurance related income
—

 
1,683

 
1,683

 
435

 
—

 
435

 
 
Net losses and loss expenses
(290,466
)
 
(275,363
)
 
(565,829
)
 
(330,992
)
 
(311,907
)
 
(642,899
)
 
 
Acquisition costs
(71,039
)
 
(120,823
)
 
(191,862
)
 
(58,749
)
 
(110,970
)
 
(169,719
)
 
 
General and administrative expenses
(83,512
)
 
(34,299
)
 
(117,811
)
 
(88,526
)
 
(35,243
)
 
(123,769
)
 
 
Underwriting income (loss)
$
12,653

 
$
113,928

 
126,581

 
$
(55,487
)
 
$
65,408

 
9,921

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate expenses
 
 
 
 
(33,270
)
 
 
 
 
 
(25,265
)
 
 
Net investment income
 
 
 
 
114,867

 
 
 
 
 
83,112

 
 
Net realized investment gains
 
 
 
 
33,261

 
 
 
 
 
16,235

 
 
Foreign exchange (losses) gains
 
 
 
 
(9,705
)
 
 
 
 
 
10,320

 
 
Interest expense and financing costs
 
 
 
 
(19,975
)
 
 
 
 
 
(15,260
)
 
 
Income before income taxes
 
 
 
 
$
211,759

 
 
 
 
 
$
79,063

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss and loss expense ratio
63.5
%
 
50.7
%
 
56.6
%
 
78.4
%
 
59.6
%
 
68.0
%
 
 
Acquisition cost ratio
15.5
%
 
22.3
%
 
19.2
%
 
13.9
%
 
21.2
%
 
17.9
%
 
 
General and administrative expense ratio
18.2
%
 
6.3
%
 
15.0
%
 
20.9
%
 
6.7
%
 
15.8
%
 
 
Combined ratio
97.2
%
 
79.3
%
 
90.8
%
 
113.2
%
 
87.5
%
 
101.7
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill and intangible assets
$
90,025

 
$
—

 
$
90,025

 
$
91,370

 
$
—

 
$
91,370

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
2014
 
2013
 
 
Six months ended and at June 30,
Insurance
 
Reinsurance
 
Total
 
Insurance
 
Reinsurance
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross premiums written
$
1,355,831

 
$
1,696,847

 
$
3,052,678

 
$
1,377,769

 
$
1,588,518

 
$
2,966,287

 
 
Net premiums written
997,789

 
1,666,957

 
2,664,746

 
992,264

 
1,571,582

 
2,563,846

 
 
Net premiums earned
906,884

 
1,039,465

 
1,946,349

 
824,224

 
995,687

 
1,819,911

 
 
Other insurance related income
—

 
4,766

 
4,766

 
1,030

 
—

 
1,030

 
 
Net losses and loss expenses
(569,889
)
 
(540,147
)
 
(1,110,036
)
 
(548,328
)
 
(532,985
)
 
(1,081,313
)
 
 
Acquisition costs
(136,096
)
 
(227,803
)
 
(363,899
)
 
(116,009
)
 
(199,200
)
 
(315,209
)
 
 
General and administrative expenses
(171,459
)
 
(70,375
)
 
(241,834
)
 
(175,415
)
 
(68,283
)
 
(243,698
)
 
 
Underwriting income (loss)
$
29,440

 
$
205,906

 
235,346

 
$
(14,498
)
 
$
195,219

 
180,721

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate expenses
 
 
 
 
(61,976
)
 
 
 
 
 
(46,810
)
 
 
Net investment income
 
 
 
 
197,610

 
 
 
 
 
192,019

 
 
Net realized investment gains
 
 
 
 
43,882

 
 
 
 
 
60,713

 
 
Foreign exchange (losses) gains
 
 
 
 
(13,939
)
 
 
 
 
 
45,201

 
 
Interest expense and financing costs
 
 
 
 
(36,569
)
 
 
 
 
 
(31,095
)
 
 
Income before income taxes
 
 
 
 
$
364,354

 
 
 
 
 
$
400,749

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss and loss expense ratio
62.8
%
 
52.0
%
 
57.0
%
 
66.5
%
 
53.5
%
 
59.4
%
 
 
Acquisition cost ratio
15.0
%
 
21.9
%
 
18.7
%
 
14.1
%
 
20.0
%
 
17.3
%
 
 
General and administrative expense ratio
19.0
%
 
6.7
%
 
15.6
%
 
21.3
%
 
6.9
%
 
16.0
%
 
 
Combined ratio
96.8
%
 
80.6
%
 
91.3
%
 
101.9
%
 
80.4
%
 
92.7
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill and intangible assets
$
90,025

 
$
—

 
$
90,025

 
$
91,370

 
$
—

 
$
91,370