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Derivative instruments (Tables)
 12 Months Ended
Dec. 31, 2016
Derivative [Line Items]  
Location and amount of gains and losses related to derivative instruments reported on in the comprehensive income and earnings
The following table provides the total impact on other comprehensive income (loss) and earnings relating to the derivative instruments formally designated as cash flow hedges along with the impact of the related hedged items for the years ended December 31, 2016, 2015 and 2014:

 
 
Years Ended December 31,
Interest rate swap contracts
 
2016
 
2015
 
2014
Amount of effective portion recognized in other comprehensive income
 
$
10,584

 
$
13,740

 
$
13,302

Amount of effective portion subsequently reclassified to earnings
 
$
(10,861
)
 
$
(12,899
)
 
$
(13,074
)
Amount of ineffective portion excluded from effectiveness testing
 
$
277

 
$
(841
)
 
$
(228
)
Not designated as hedging instruments  
Derivative [Line Items]  
Location and fair value amount of derivative instruments reported on the balance sheet
The following table summarizes information on the classification and amount of the fair value of derivatives not designated as hedging instruments for accounting purposes within the Company’s Consolidated Balance Sheets as at December 31, 2016 and December 31, 2015:
 
 
December 31, 2016
 
December 31, 2015
Derivatives not designated as hedging instruments
 
Notional Exposure
 
Asset Derivative at Fair Value (a)
 
Liability Derivative at Fair Value (a)
 
Notional Exposure
 
Asset Derivative at Fair Value (a)
 
Liability Derivative at Fair Value (a)
Foreign currency forward contracts
 
$
181,375

 
$
2,351

 
$
3,421

 
$
255,840

 
$
2,601

 
$
3,211

(a)
Asset and liability derivatives are classified within other assets and accounts payable and accrued expenses, respectively, within the Company’s Consolidated Balance Sheets.
Location and amount of gains and losses related to derivatives reported in the income statements
The following table summarizes information on the classification and net impact on earnings, recognized in the Company’s Consolidated Statements of Income and Comprehensive Income relating to the foreign currency forward and interest rate swap contracts that were not designated as hedging instruments for accounting purposes during the years ended December 31, 2016, 2015 and 2014:
Derivatives not designated as hedging instruments
 
Classification of gains (losses) recognized in earnings
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
Foreign currency forward contracts
 
Foreign exchange gains losses
 
$
(1,667
)
 
$
(610
)
 
$
—

Foreign currency forward contracts
 
Other insurance related income and other income
 
$
142

 
$
139

 
$
(133
)
Interest rate swap contracts (a)
 
Net realized gains on investments
 
$
8,518

 
$
—

 
$
—


(a)
Relates to net realized gains on two interest rate swap contracts which were entered into and terminated during the year ended December 31, 2016 to partially offset the impact of interest rate increases on the Company’s fixed maturity investment portfolio.
Designated as hedging instruments  
Derivative [Line Items]  
Location and fair value amount of derivative instruments reported on the balance sheet
The following table summarizes information on the classification and amount of the fair value of derivatives designated as hedging instruments for accounting purposes on the Consolidated Balance Sheets as at December 31, 2016 and 2015:
 
 
December 31, 2016
 
December 31, 2015
Derivatives designated as hedging instruments
 
Notional Exposure
 
Asset Derivative at Fair Value (a)
 
Liability Derivative at Fair Value (a)
 
Notional Exposure
 
Asset Derivative at Fair Value (a)
 
Liability Derivative at Fair Value (a)
Interest rate swap contracts
 
$
552,263

 
$
20

 
$
1,479

 
$
552,263

 
$
21

 
$
1,942

(a)
Asset and liability derivatives are classified within other assets and accounts payable and accrued expenses, respectively, within the Company’s Consolidated Balance Sheets.
Location and amount of gains and losses related to derivatives reported in the income statements
The following table provides the net impact on earnings, recognized in income within foreign exchange gains (losses), relating to the derivative instruments formally designated as fair value hedges for accounting purposes along with the impact of the related hedged items for the years ended December 31, 2016, 2015 and 2014:
 
 
Years Ended December 31,
Foreign currency forward contracts
 
2016
 
2015
 
2014
Amount of loss recognized in income on derivative
 
$
—

 
$
(12,279
)
 
$
(9,651
)
Amount of gain on hedged item recognized in income attributable to risk being hedged
 
$
—

 
$
12,279

 
$
9,651

Amount of gain recognized in income on derivative (ineffective portion)
 
$
—

 
$
—

 
$
—