Goodwill, Intangible Assets and Deferred Charges (Tables)

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Intangible Assets

The following table presents a reconciliation of the beginning and ending goodwill, intangible assets and the deferred charge during the three months ended March 31, 2016:

	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 December 31, 2015	$	73,071	$	31,202		$	87,031	$	191,304		$	180,730	$	255,911
Acquired during the period	—		—			—		—			—		—
Amortization	—		(3,416		)	—		(3,416		)	3,277		(1,611		)
Balance as at March 31, 2016	$	73,071	$	27,786		$	87,031	$	187,888		$	184,007	$	254,300

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 the deferred charge at March 31, 2016 and December 31, 2015 were as follows:

	March 31, 2016									December 31, 2015
	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	$	458,202		$	(306,417	)	$	151,785		$	456,110		$	(307,785	)	$	148,325
Reinsurance balances recoverable	(175,924		)	156,317			(19,607		)	(175,774		)	154,619			(21,155		)
Policy benefits for life and annuity contracts	86,332			(34,503		)	51,829			86,332			(32,772		)	53,560
Total	$	368,610		$	(184,603	)	$	184,007		$	366,668		$	(185,938	)	$	180,730
Other:
Distribution channel	$	20,000		$	(3,111	)	$	16,889		$	20,000		$	(2,777	)	$	17,223
Technology	15,000			(9,470		)	5,530			15,000			(6,561		)	8,439
Brand	7,000			(1,633		)	5,367			7,000			(1,460		)	5,540
Total	$	42,000		$	(14,214	)	$	27,786		$	42,000		$	(10,798	)	$	31,202
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		$	(16,876	)	$	254,300		$271,176			$	(15,265	)	$255,911