Goodwill, Intangible Assets and Deferred Charges (Tables)

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Intangible Assets

The following tables present a reconciliation of the beginning and ending goodwill, intangible assets and deferred charge for the years ended December 31, 2015 and 2014:

2015	Goodwill		Intangible assets with a definite life - Other			Intangible  assets with an indefinite life		Total			Intangible  assets with a definite life - FVA			Other assets - Deferred Charge
Balance as at January 1, 2015	$	73,071	$	41,048		$	87,031	$	201,150		$	159,095		$	—
Acquired during the year	—		—			—		—			23,968			271,176
Amortization	—		(9,846		)	—		(9,846		)	(2,333		)	(15,265		)
Balance as at December 31, 2015	$	73,071	$	31,202		$	87,031	$	191,304		$	180,730		$	255,911

2014	Goodwill		Intangible  assets with a definite life - Other			Intangible  assets with an indefinite life		Total			Intangible  assets with a definite life - FVA			Other assets - Deferred Charge
Balance as at January 1, 2014	$	60,071	$	27,000		$	63,000	$	150,071		$	223,947		$	—
Acquired during the year	13,000		20,000			24,031		57,031			(65,000		)	—
Amortization	—		(5,952		)	—		(5,952		)	148			—
Balance as at December 31, 2014	$	73,071	$	41,048		$	87,031	$	201,150		$	159,095		$	—

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 and deferred charge at December 31, 2015 and 2014 were as follows:

	2015									2014
	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 LAE liabilities	$	456,110		$	(307,785	)	$	148,325		$	449,986		$	(299,413	)	$	150,573
Reinsurance balances recoverable	(175,774		)	154,619			(21,155		)	(193,617		)	140,667			(52,950		)
Policy benefits for life and annuity contracts	86,332			(32,772		)	53,560			86,332			(24,860		)	61,472
Total	$	366,668		$	(185,938	)	$	180,730		$	342,701		$	(183,606	)	$	159,095
Other:
Distribution channel	$	20,000		$	(2,777	)	$	17,223		$	20,000		$	(1,444	)	$	18,556
Technology	15,000			(6,561		)	8,439			15,000			(3,125		)	11,875
Brand	12,000			(6,460		)	5,540			12,000			(1,383		)	10,617
Total	$	47,000		$	(15,798	)	$	31,202		$	47,000		$	(5,952	)	$	41,048
Intangible assets with an indefinite life:
Lloyd’s syndicate capacity	$	37,031		$	—		$	37,031		$	37,031		$	—		$	37,031
Licenses	19,900			—			19,900			19,900			—			19,900
Management contract	30,100			—			30,100			30,100			—			30,100
Total	$	87,031		$	—		$	87,031		$	87,031		$	—		$	87,031
Deferred charge on retroactive reinsurance	$	271,176		$	(15,265	)	$	255,911		$	—		$	—		$	—

Summary of Estimated Amortization Expense of Intangible Assets

The estimated amortization expense for each of the five succeeding fiscal years related to our intangible assets with a definite life is as follows:

Year	Non-life Run-off		Atrium			StarStone			Life and Annuities		Total
2016	$	8,464	$	(1,193	)	$	2,682		$	7,878	$	17,831
2017	$	9,390	$	38		$	3,097		$	7,332	$	19,857
2018	$	9,128	$	749		$	539		$	6,552	$	16,968
2019	$	8,736	$	1,198		$	(231	)	$	6,318	$	16,021
2020	$	8,388	$	1,491		$	(132	)	$	6,084	$	15,831