Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Intangible Assets

The following table shows the Company’s goodwill and intangible assets as at March 31, 2014 and December 31, 2013:

	Goodwill		Intangible assets with a definite life - Other			Intangible assets with an indefinite life		Total			Intangible assets with a definite life - FVA
Balance as at January 1, 2013	$	60,071	$	27,000		$	63,000	$	150,071		$	223,947
Acquired during the period		—		—			—		—			—
Intangible assets amortization		—		(677	)		—		(677	)		1,343
Balance as at March 31, 2014	$	60,071	$	26,323		$	63,000	$	149,394		$	225,290

Summary of Gross Carrying Value, Accumulated Amortization and Net Carrying Value of Intangible Assets

The gross carrying value, accumulated amortization and net carrying value of intangible assets by type at March 31, 2014 and December 31, 2013 were as follows:

	March 31, 2014									December 31, 2013
	Gross Carrying Value			Accumulated Amortization			Net Carrying Value			Gross Carrying Value			Accumulated Amortization			Net Carrying Value
Intangible assets with a definite life:
Fair value adjustments:
Losses and loss adjustment expense	$	500,485		$	(288,550	)	$	211,935		$	500,485		$	(282,178	)	$	218,307
Reinsurance balances recoverable		(179,116	)		124,096			(55,020	)		(179,116	)		113,659			(65,457	)
Policy benefits for life and annuity contracts		86,332			(17,957	)		68,375			86,332			(15,235	)		71,097
Total		407,701			(182,411	)		225,290			407,701			(183,754	)		223,947
Other:
Distribution channel		20,000			(444	)		19,556			20,000			—			20,000
Brand		7,000			(233	)		6,767			7,000			—			7,000
Total		27,000			(677	)		26,323			27,000			—			27,000
Total intangible assets with a definite life		434,701			(183,088	)		251,613			434,701			(183,754	)		250,947
Intangible assets with an indefinite life:
Lloyd’s syndicate capacity		32,900			—			32,900			32,900			—			32,900
Management contract		30,100			—			30,100			30,100			—			30,100
Total intangible assets	$	497,701		$	(183,088	)	$	314,613		$	497,701		$	(183,754	)	$	313,947