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Expected Loss to be Paid (Recovered) - Net Expected Loss to be Paid (Recovered) Roll Forward (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]      
Net expected loss to be paid (recovered), beginning of period $ 522 $ 411 $ 529
Accretion of discount 20 16 7
Changes in discount rates 3 (115) (33)
Changes in timing and assumptions 141 (26) (261)
Total economic loss development (benefit) 164 (125) (287)
Net (paid) recovered losses (181) 236 169
Net expected loss to be paid (recovered), end of period $ 505 $ 522 411
Weighted average risk free discount rate 4.10% 4.08%  
Period after the end of the reporting period within which the ceded paid losses are typically settled (in days) 45 days    
Structured finance      
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]      
Net expected loss to be paid (recovered), beginning of period $ 110 $ 202 188
Total economic loss development (benefit) (48) (142) (83)
Net (paid) recovered losses 25 50 97
Net expected loss to be paid (recovered), end of period 87 110 202
Public finance      
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]      
Net expected loss to be paid (recovered), beginning of period 412 209 341
Total economic loss development (benefit) 212 17 (204)
Net (paid) recovered losses (206) 186 72
Net expected loss to be paid (recovered), end of period 418 412 209
Other structured finance      
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]      
Net expected loss to be paid (recovered), beginning of period 44 52 40
Total economic loss development (benefit) 8 1 17
Net (paid) recovered losses (8) (9) (5)
Net expected loss to be paid (recovered), end of period $ 44 $ 44 52
U.S.      
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]      
Percent of total non-U.S. net expected losses to paid 96.10% 98.50%  
U.S. | RMBS      
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]      
Net expected loss to be paid (recovered), beginning of period $ 66 $ 150 148
Total economic loss development (benefit) (56) (143) (100)
Net (paid) recovered losses 33 59 102
Net expected loss to be paid (recovered), end of period 43 66 150
U.S. | Public finance      
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]      
Net expected loss to be paid (recovered), beginning of period 403 197 305
Total economic loss development (benefit) 201 19 (182)
Net (paid) recovered losses (206) 187 74
Net expected loss to be paid (recovered), end of period 398 403 197
Non U.S. | Public finance      
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]      
Net expected loss to be paid (recovered), beginning of period 9 12 36
Total economic loss development (benefit) 11 (2) (22)
Net (paid) recovered losses 0 (1) (2)
Net expected loss to be paid (recovered), end of period $ 20 $ 9 $ 12
Minimum      
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]      
Risk free discount rate 3.79% 3.82%  
Maximum      
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]      
Risk free discount rate 5.40% 4.69%