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Reserve for losses and loss expenses (Reserve rollforward) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Reserve for paid losses and unpaid loss expenses        
Reserve for losses and loss expenses, beginning of period $ 3,122,717 $ 3,192,663 $ 2,996,567 $ 3,243,147
Loss reserves recoverable, beginning of period (442,987) (376,665) (350,586) (377,466)
Net reserves for losses and loss expenses, beginning of period 2,679,730 2,815,998 2,645,981 2,865,681
Increase (decrease) in net losses and loss expenses incurred in respect of losses occurring in:        
Current year 311,279 349,759 959,376 1,011,111
Prior years [1] (52,885) (93,749) (169,405) (248,026)
Total incurred losses and loss expenses 258,394 256,010 789,971 763,085
Less net losses and loss expenses paid in respect of losses occurring in:        
Current year (178,709) (63,151) (240,362) (105,216)
Prior years (166,537) (207,802) (596,618) (704,062)
Total net paid losses (345,246) (270,953) (836,980) (809,278)
Effect of foreign exchange rate movements (1,500) (13,982) (7,594) (32,415)
Net reserve for losses and loss expenses, end of period 2,591,378 2,787,073 2,591,378 2,787,073
Loss reserves recoverable, end of period 444,609 385,212 444,609 385,212
Reserve for losses and loss expenses, end of period 3,035,987 3,172,285 3,035,987 3,172,285
Components of incurred losses and loss expenses        
Gross losses and loss expenses (a) [1] 284,413 283,623 952,129 852,190
Reinsurance recoverable (26,019) (27,613) (162,158) (89,105)
Net incurred losses and loss expenses (a) [1] $ 258,394 $ 256,010 $ 789,971 $ 763,085
[1] Upon closing the acquisition of Western World, an adjustment of $15,586 was made to increase net reserves to reflect fair value. This adjustment was amortized to income through a reduction in losses and loss expenses of $2,524 and $8,639, respectively, during the three and nine months ended September 30, 2015, benefiting the loss ratio by 3.9 and 4.4 percentage points, respectively. The remaining fair value adjustment of $2,340 was fully amortized during 2015.