XML 117 R100.htm IDEA: XBRL DOCUMENT v3.6.0.2
Reinsurance (Effect on premiums written and earned) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Written:                      
Treaty reinsurance                 $ 1,501,079 $ 1,393,440 $ 1,340,939
Facultative reinsurance                 293,741 325,311 334,898
Direct                 853,885 838,755 683,028
Ceded $ (40,635) $ (45,006) $ (36,229) $ (167,835) $ (33,128) $ (48,810) $ (55,418) $ (191,325) (289,705) (328,681) (313,208)
Net premiums written 298,819 327,412 727,813 1,004,956 276,477 353,699 670,750 927,899 2,359,000 2,228,825 2,045,657
Earned:                      
Treaty reinsurance                 1,408,995 1,397,409 1,338,663
Facultative reinsurance                 307,351 330,472 345,252
Direct                 823,641 852,256 656,974
Ceded                 (290,822) (333,248) (347,834)
Net premiums earned $ 540,399 $ 563,775 $ 573,723 $ 571,268 $ 543,300 $ 555,011 $ 572,688 $ 575,890 2,249,165 2,246,889 1,993,055
Eliminations                      
Written:                      
Treaty reinsurance                 (26,673) (42,718) (53,457)
Facultative reinsurance                 0 0 0
Direct                 0 0 0
Ceded                 26,673 42,718 53,457
Net premiums written                 0 0 0
Earned:                      
Treaty reinsurance                 (23,035) (45,115) (60,912)
Facultative reinsurance                 0 0 0
Direct                 0 0 0
Ceded                 23,035 45,115 60,912
Net premiums earned                 0 0 0
Operating Segments | Validus Re                      
Written:                      
Treaty reinsurance                 1,111,054 1,126,759 1,118,532
Facultative reinsurance                 0 0 0
Direct                 0 0 0
Ceded                 (111,564) (149,088) (163,678)
Net premiums written                 999,490 977,671 954,854
Earned:                      
Treaty reinsurance                 1,060,117 1,141,184 1,109,659
Facultative reinsurance                 0 0 0
Direct                 0 0 0
Ceded                 (116,172) (150,971) (192,375)
Net premiums earned                 943,945 990,213 917,284
Operating Segments | Talbot                      
Written:                      
Treaty reinsurance                 146,296 133,273 149,079
Facultative reinsurance                 293,741 325,311 334,898
Direct                 530,665 560,251 617,793
Ceded                 (175,729) (198,896) (192,211)
Net premiums written                 794,973 819,939 909,559
Earned:                      
Treaty reinsurance                 115,828 136,796 163,382
Facultative reinsurance                 307,351 330,472 345,252
Direct                 529,265 570,669 576,136
Ceded                 (170,528) (199,846) (204,996)
Net premiums earned                 781,916 838,091 879,774
Operating Segments | Western World Insurance Group, Inc                      
Written:                      
Treaty reinsurance                 0 0 0
Facultative reinsurance                 0 0 0
Direct                 323,220 278,504 65,235
Ceded                 (22,634) (18,877) (6,428) [1]
Net premiums written                 300,586 259,627 58,807 [1]
Earned:                      
Treaty reinsurance                 0 0 0
Facultative reinsurance                 0 0 0
Direct                 294,376 281,587 80,838
Ceded                 (21,144) (22,937) (7,842)
Net premiums earned                 273,232 258,650 72,996 [1]
Operating Segments | AlphaCat & Consolidated Variable Interest Entities                      
Written:                      
Treaty reinsurance                 270,402 176,126 126,785
Facultative reinsurance                 0 0 0
Direct                 0 0 0
Ceded                 (6,451) (4,538) (4,348)
Net premiums written                 263,951 171,588 122,437
Earned:                      
Treaty reinsurance                 256,085 164,544 126,534
Facultative reinsurance                 0 0 0
Direct                 0 0 0
Ceded                 (6,013) (4,609) (3,533)
Net premiums earned                 $ 250,072 $ 159,935 $ 123,001
[1] The results of Western World have been included in the Company’s consolidated results from the October 2, 2014 date of acquisition.