Reinsurance Balances Recoverable (Tables)

3 Months Ended

Mar. 31, 2016

Insurance [Abstract]

Summary of Reinsurance Reserves Recoverable

The following tables provide the total reinsurance balances recoverable as at March 31, 2016 and December 31, 2015:

	March 31, 2016
	Non-life Run-off			Atrium		StarStone			Life and Annuities		Total
Recoverable from reinsurers on unpaid:
Outstanding losses	$	550,849		$	7,337	$	175,986		$	21,691	$	755,863
IBNR	443,499			16,899		127,775			301		588,474
Fair value adjustments	(17,252		)	2,013		(4,368		)	—		(19,607		)
Total reinsurance reserves recoverable	977,096			26,249		299,393			21,992		1,324,730
Paid losses recoverable	59,943			653		16,246			644		77,486
	$	1,037,039		$	26,902	$	315,639		$	22,636	$	1,402,216

	December 31, 2015
	Non-life Run-off			Atrium		StarStone			Life and Annuities		Total
Recoverable from reinsurers on unpaid:
Outstanding losses	$	587,164		$	6,772	$	182,076		$	22,786	$	798,798
IBNR	465,211			16,581		123,732			306		605,830
Fair value adjustments	(17,628		)	2,499		(6,025		)	—		(21,154		)
Total reinsurance reserves recoverable	1,034,747			25,852		299,783			23,092		1,383,474
Paid losses recoverable	72,213			430		16,568			1,319		90,530
	$	1,106,960		$	26,282	$	316,351		$	24,411	$	1,474,004

Reinsurance Balances Recoverable by Reinsurer

Top Ten Reinsurers

	March 31, 2016												December 31, 2015
	Non-life Run-off		Atrium		StarStone		Life and Annuities		Total		% of Total		Non-life Run-off		Atrium		StarStone		Life and Annuities		Total		% of Total
Top ten reinsurers	$	695,558	$	21,671	$	145,437	$	12,851	$	875,517	62.4	%	$	713,743	$	21,394	$	155,171	$	13,254	$	903,562	61.3	%
Other reinsurers > $1 million	334,176		4,468		168,201		8,370		515,215		36.8	%	383,898		4,253		158,417		8,363		554,931		37.6	%
Other reinsurers < $1 million	7,305		763		2,001		1,415		11,484		0.8	%	9,319		635		2,763		2,794		15,511		1.1	%
Total	$	1,037,039	$	26,902	$	315,639	$	22,636	$	1,402,216	100.0	%	$	1,106,960	$	26,282	$	316,351	$	24,411	$	1,474,004	100.0	%

Summary of Provisions for Uncollectible Reinsurance Balances Recoverable by Rating of Reinsurer

The following table shows our reinsurance balances recoverable by rating of reinsurer and our provisions for uncollectible reinsurance balances recoverable ("provisions for bad debt") as at March 31, 2016 and December 31, 2015. The provisions for bad debt all relate to the Non-life Run-off segment.

	March 31, 2016								December 31, 2015
	Gross		Provisions for Bad Debt		Net		Provisions as a % of Gross		Gross		Provisions for Bad Debt		Net		Provisions as a % of Gross
Reinsurers rated A- or above	$	1,009,343	$	44,551	$	964,792	4.4	%	$	1,051,927	$	46,969	$	1,004,958	4.5	%
Reinsurers rated below A-, secured	366,540		—		366,540		—	%	388,399		—		388,399		—	%
Reinsurers rated below A-, unsecured	233,277		162,393		70,884		69.6	%	244,005		163,358		80,647		66.9	%
Total	$	1,609,160	$	206,944	$	1,402,216	12.9	%	$	1,684,331	$	210,327	$	1,474,004	12.5	%