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Derivative instruments (Tables)
 12 Months Ended
Dec. 31, 2017
Not designated as hedging instruments  
Derivative [Line Items]  
Location and fair value amount of derivative instruments reported on the balance sheet
The following tables summarize information on the classification and amount of the fair value of derivatives not designated as hedging instruments within the Company’s Consolidated Balance Sheets as at December 31, 2017 and 2016:
 
 
December 31, 2017
 
December 31, 2016
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
 
$
283,765

 
$
1,147

 
$
906

 
$
181,375

 
$
2,351

 
$
3,421

Interest rate swap contracts
 
$
200,000

 
$
1,589

 
$
—

 
$
—

 
$
—

 
$
—

Weather derivative contracts
 
$
4,825

 
$
853

 
$
—

 
$
—

 
$
—

 
$
—

(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 (Loss) Income and Comprehensive (Loss) Income relating to derivatives that were not designated as hedging instruments during the years ended December 31, 2017, 2016 and 2015:
Derivatives not designated as hedging instruments
 
Classification of gains (losses) recognized in earnings
 
Years Ended December 31,
 
 
2017
 
2016
 
2015
Foreign currency forward contracts
 
Foreign exchange (losses) gains
 
$
(8,571
)
 
$
(1,667
)
 
$
(610
)
Foreign currency forward contracts
 
Other insurance related income and other income
 
$
(979
)
 
$
142

 
$
139

Interest rate swap contracts (a)
 
Net realized gains on investments
 
$
989

 
$
8,518

 
$
—

Weather derivative contracts
 
Other insurance related income and other income
 
$
1,299

 
$
—

 
$
—


(a)
Net realized gains during the year ended December 31, 2016 relate to net realized gains on two interest rate swap contracts which were entered into and terminated during that year 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 on the Consolidated Balance Sheets as at December 31, 2017 and 2016:
 
 
December 31, 2017
 
December 31, 2016
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

 
$
9,806

 
$
18,840

 
$
552,263

 
$
20

 
$
1,479

Foreign currency forward contracts
 
$
96,293

 
$
1,891

 
$
—

 
$
—

 
$
—

 
$
—

(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 derivative instruments reported on in the comprehensive income and earnings
The following tables provide the total impact on other comprehensive (loss) income and earnings relating to the derivative instruments formally designated as cash flow hedges for the years ended December 31, 2017, 2016 and 2015:
 
 
Years Ended December 31,
Interest rate swap contracts
 
2017
 
2016
 
2015
Amount of effective portion recognized in other comprehensive (loss)
 
$
(8,243
)
 
$
277

 
$
(841
)
Amount of effective portion reclassified to finance expenses
 
$
(450
)
 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
Years Ended December 31,
Foreign currency forward contracts
 
2017
 
2016
 
2015
Amount of effective portion recognized in other comprehensive income
 
$
1,891

 
$
—

 
$
—

Amount of effective portion reclassified to general and administrative expenses
 
$
—

 
$
—

 
$
—