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RESERVE FOR LOSSES AND LOSS EXPENSES (DETAILS 2) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Reconciliation of Beginning and Ending Gross Unpaid Losses and Loss Expenses      
Gross reserve for losses and loss expenses, beginning of year $ 9,646,285 $ 9,596,797 $ 9,582,140
Less reinsurance recoverable on unpaid losses, beginning of year (2,031,309) (1,890,280) (1,900,112)
Net reserve for unpaid losses and loss expenses, beginning of year 7,614,976 7,706,517 7,682,028
Net incurred losses and loss expenses related to:      
Current year 2,496,574 2,419,247 2,445,666
Prior years (292,377) (243,048) (258,944)
Net incurred losses and loss expenses 2,204,197 2,176,199 2,186,722
Net paid losses and loss expenses related to:      
Current year (428,153) (343,063) (387,197)
Prior years (1,763,696) (1,709,659) (1,544,664)
Net paid losses and loss expenses (2,191,849) (2,052,722) (1,931,861)
Foreign exchange and other (205,606) (215,018) (230,372)
Net reserve for unpaid losses and loss expenses, end of year 7,421,718 7,614,976 7,706,517
Reinsurance recoverable on unpaid losses, end of year 2,276,109 2,031,309 1,890,280
Gross reserve for losses and loss expenses, end of year $ 9,697,827 $ 9,646,285 $ 9,596,797