XML 43 R97.htm IDEA: XBRL DOCUMENT v2.4.0.6
Reinsurance and Other Monoline Exposures (Details 2) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Exposure, Premium Receivable, and Loss and LAE by Reinsurer  
Ceded Par Amount $ 30,929 [1]
Ceded Par Outstanding 24,461
Assumed Par Outstanding 36,761
Ceded par outstanding related to insured credit derivatives 3,720
Assumed Premium Receivable, net of Commissions 81
Ceded Premium Payable, net of Commissions (145)
Assumed Expected Loss and LAE (104)
Ceded Expected Loss and LAE 46
National Public Finance Guarantee Corporation
 
Exposure, Premium Receivable, and Loss and LAE by Reinsurer  
Fixed maturity securities wrapped by monoline reinsurer 596
American Overseas Reinsurance Company Limited [Member]
 
Exposure, Premium Receivable, and Loss and LAE by Reinsurer  
Ceded Par Amount 5,002 [1]
Ceded Par Outstanding 42
Assumed Par Outstanding 1,331
Assumed Premium Receivable, net of Commissions 0
Ceded Premium Payable, net of Commissions (19)
Assumed Expected Loss and LAE 0
Ceded Expected Loss and LAE (4)
Tokio Marine and Nichido Fire Insurance Co Ltd [Member]
 
Exposure, Premium Receivable, and Loss and LAE by Reinsurer  
Ceded Par Amount 7,938 [1],[2]
Ceded Par Outstanding 0 [2]
Assumed Par Outstanding 0 [2]
Assumed Premium Receivable, net of Commissions 0
Ceded Premium Payable, net of Commissions (25)
Assumed Expected Loss and LAE 0
Ceded Expected Loss and LAE 30
Radian Asset Assurance Inc [Member]
 
Exposure, Premium Receivable, and Loss and LAE by Reinsurer  
Ceded Par Amount 9,387 [1],[3]
Ceded Par Outstanding 0 [3]
Assumed Par Outstanding 24 [3]
Assumed Premium Receivable, net of Commissions 0
Ceded Premium Payable, net of Commissions (11)
Assumed Expected Loss and LAE 0
Ceded Expected Loss and LAE 6
Syncora Guarantee Inc [Member]
 
Exposure, Premium Receivable, and Loss and LAE by Reinsurer  
Ceded Par Amount 4,001 [1]
Ceded Par Outstanding 1,886
Assumed Par Outstanding 162
Assumed Premium Receivable, net of Commissions 0
Ceded Premium Payable, net of Commissions (40)
Assumed Expected Loss and LAE 19
Ceded Expected Loss and LAE 1
Mitsui Sumitomo Insurance Co Ltd [Member]
 
Exposure, Premium Receivable, and Loss and LAE by Reinsurer  
Ceded Par Amount 2,213 [1],[2]
Ceded Par Outstanding 0 [2]
Assumed Par Outstanding 0 [2]
Assumed Premium Receivable, net of Commissions 0
Ceded Premium Payable, net of Commissions (5)
Assumed Expected Loss and LAE 0
Ceded Expected Loss and LAE 7
Aca Financial Guaranty Corp [Member]
 
Exposure, Premium Receivable, and Loss and LAE by Reinsurer  
Ceded Par Amount 819 [1]
Ceded Par Outstanding 6
Assumed Par Outstanding 1
Swiss Reinsurance Co [Member]
 
Exposure, Premium Receivable, and Loss and LAE by Reinsurer  
Ceded Par Amount 426 [1]
Ceded Par Outstanding 0
Assumed Par Outstanding 0
Assumed Premium Receivable, net of Commissions 0
Ceded Premium Payable, net of Commissions (3)
Assumed Expected Loss and LAE 0
Ceded Expected Loss and LAE 2
Ambac
 
Exposure, Premium Receivable, and Loss and LAE by Reinsurer  
Fixed maturity securities wrapped by monoline reinsurer 499
Ceded Par Amount 85 [1]
Ceded Par Outstanding 6,669
Assumed Par Outstanding 20,040
Assumed Premium Receivable, net of Commissions 73
Ceded Premium Payable, net of Commissions 0
Assumed Expected Loss and LAE (71)
Ceded Expected Loss and LAE 0
CIFG Assurance North America Inc. [Member]
 
Exposure, Premium Receivable, and Loss and LAE by Reinsurer  
Ceded Par Amount 61 [1]
Ceded Par Outstanding 255
Assumed Par Outstanding 5,392
Assumed Premium Receivable, net of Commissions 0
Ceded Premium Payable, net of Commissions 0
Assumed Expected Loss and LAE 0
Ceded Expected Loss and LAE 4
MBIA Inc.
 
Exposure, Premium Receivable, and Loss and LAE by Reinsurer  
Ceded Par Amount 0 [1],[4]
Ceded Par Outstanding 10,616 [4]
Assumed Par Outstanding 7,834 [4]
Assumed Premium Receivable, net of Commissions 0
Ceded Premium Payable, net of Commissions 0
Assumed Expected Loss and LAE (17)
Ceded Expected Loss and LAE 0
Financial Guaranty Insurance Co [Member]
 
Exposure, Premium Receivable, and Loss and LAE by Reinsurer  
Ceded Par Amount 0 [1]
Ceded Par Outstanding 3,052
Assumed Par Outstanding 1,932
Assumed Premium Receivable, net of Commissions 8
Ceded Premium Payable, net of Commissions 0
Assumed Expected Loss and LAE (35)
Ceded Expected Loss and LAE 0
Other
 
Exposure, Premium Receivable, and Loss and LAE by Reinsurer  
Fixed maturity securities wrapped by monoline reinsurer 30
Ceded Par Amount 997 [1]
Ceded Par Outstanding 1,935
Assumed Par Outstanding 45
Assumed Premium Receivable, net of Commissions 0
Ceded Premium Payable, net of Commissions (42)
Assumed Expected Loss and LAE 0
Ceded Expected Loss and LAE $ 0
[1] Includes $3,720 million in ceded par outstanding related to insured credit derivatives.
[2] The Company has structural collateral agreements satisfying the triple-A credit requirement of S&P and/or Moody’s.
[3] Represents “Withdrawn Rating.”
[4] MBIA Inc. includes various subsidiaries which are rated BB, CCC, WR by S&P and Caa2, B3, Baa2, WR and NR by Moody’s.