RESERVE FOR LOSSES AND LOSS EXPENSES (TABLES)

6 Months Ended

Jun. 30, 2014

Insurance Loss Reserves [Abstract]

RECONCILIATION OF BEGINNING AND ENDING GROSS RESERVE FOR LOSSES AND LOSS EXPENSES AND NET RESERVE FOR UNPAID LOSSES AND LOSS EXPENSES [Table Text Block]

Six months ended June 30,	2014			2013
Gross reserve for losses and loss expenses, beginning of period	$	9,582,140		$	9,058,731
Less reinsurance recoverable on unpaid losses, beginning of period	(1,900,112		)	(1,825,617		)
Net reserve for unpaid losses and loss expenses, beginning of period	7,682,028			7,233,114
Net incurred losses and loss expenses related to:
Current year	1,238,883			1,177,926
Prior years	(128,847		)	(96,613		)
	1,110,036			1,081,313
Net paid losses and loss expenses related to:
Current year	(93,218		)	(54,732		)
Prior years	(857,004		)	(732,135		)
	(950,222		)	(786,867		)
Foreign exchange and other	35,122			(130,536		)
Net reserve for unpaid losses and loss expenses, end of period	7,876,964			7,397,024
Reinsurance recoverable on unpaid losses, end of period	1,929,024			1,945,793
Gross reserve for losses and loss expenses, end of period	$	9,805,988		$	9,342,817

NET PRIOR YEAR RESERVE DEVELOPMENT BY SEGMENT [Table Text Block]

	Three months ended June 30,				Six months ended June 30,
	2014		2013		2014		2013
Insurance	$	32,963	$	6,693	$	44,571	$	12,290
Reinsurance	52,391		35,422		84,276		84,323
Total	$	85,354	$	42,115	$	128,847	$	96,613