XML 109 R92.htm IDEA: XBRL DOCUMENT v3.6.0.2
Reserve for losses and loss expenses (Analysis of paid and unpaid losses and reconciliation of beginning and ending unpaid losses and loss expenses) (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
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]                      
Reserve for losses and loss expenses, beginning of year       $ 2,996,567       $ 3,243,147 $ 2,996,567 $ 3,243,147 $ 3,047,933
Loss reserves recoverable, beginning of year       (350,586)       (377,466) (350,586) (377,466) (370,154)
Net reserve for losses and loss expenses, beginning of year       2,645,981       2,865,681 2,645,981 2,865,681 2,677,779
Net reserves acquired                 0 0 525,091
Increase (decrease) in net losses and loss expenses incurred in respect of losses occurring in:                      
Current year                 1,281,289 1,283,970 1,024,256
Prior years                 (216,192) (306,137) (259,241)
Total incurred losses and loss expenses                 1,065,097 977,833 765,015
Less net losses and loss expenses paid in respect of losses occurring in:                      
Current year                 (389,234) (326,167) (245,084)
Prior years                 (725,168) (841,672) (818,569)
Total net paid losses                 (1,114,402) (1,167,839) (1,063,653)
Foreign exchange gain                 (31,902) (29,694) (38,551)
Net reserve for losses and loss expenses, end of year $ 2,564,774       $ 2,645,981       2,564,774 2,645,981 2,865,681
Loss reserves recoverable, end of year (430,421)       (350,586)       (430,421) (350,586) (377,466)
Reserve for losses and loss expenses, end of year 2,995,195       2,996,567       2,995,195 2,996,567 3,243,147
Incurred losses and loss adjustment expenses comprise:                      
Gross losses and loss adjustment expenses                 1,257,054 1,083,695 826,826
Reinsurance recoverable                 (191,957) (105,862) (61,811)
Net incurred losses and loss expenses 275,126 $ 258,394 $ 307,130 $ 224,447 214,748 $ 256,010 $ 266,146 $ 240,929 1,065,097 977,833 $ 765,015
Liability for unpaid losses and loss expenses by type                      
Reserves, reported claims 1,237,772       1,278,697       1,237,772 1,278,697  
Reserves, incurred but not reported claims $ 1,757,423       $ 1,717,870       $ 1,757,423 $ 1,717,870