XML 82 R68.htm IDEA: XBRL DOCUMENT v3.5.0.2
Losses and Loss Adjustment Expenses - Reconciliation of Beginning and Ending Reserves for Losses and Loss Adjustment Expenses (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]        
Balance as at beginning of period $ 6,641,507 $ 5,724,623 $ 5,720,149 $ 4,509,421
Less: reinsurance reserves recoverable     1,383,474  
Less: deferred charges on retroactive insurance 254,300 0 255,911 0
Net balance as at June 30 5,084,469 4,206,521 4,103,856 3,355,225
Net incurred losses and LAE:        
Current period 126,634 121,335 241,936 234,349
Prior periods (30,172) (55,435) (62,256) (98,313)
Total net incurred losses and LAE 96,462 65,900 179,680 136,036
Net paid losses:        
Current period (17,022) (21,490) (22,356) (32,654)
Prior periods (203,010) (194,485) (389,413) (312,641)
Net losses paid (220,032) (215,975) (411,769) (345,295)
Effect of exchange rate movement (28,127) 24,723 (23,246) (29,423)
Acquired on purchase of subsidiaries 10,019 0 10,019 774,758
Assumed business 0 305,763 1,084,251 495,631
Net balance as at June 30 4,942,791 4,386,932 4,942,791 4,386,932
Plus: reinsurance reserves recoverable 1,265,020   1,265,020  
Plus: deferred charge on retroactive reinsurance 247,272 265,426 247,272 265,426
Balance as at June 30 6,433,845 6,143,471 6,433,845 6,143,471
Non-Life Run-off Segment, Atrium Segment, and Starstone Segment        
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]        
Less: reinsurance reserves recoverable 1,302,738 1,518,102 1,360,382 1,154,196
Net paid losses:        
Plus: reinsurance reserves recoverable 1,243,782 1,491,113 1,243,782 1,491,113
Non-Life Run-Off        
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]        
Balance as at beginning of period 5,459,216 4,693,262 4,585,454 3,435,010
Less: reinsurance reserves recoverable 977,096 1,210,933 1,034,747 800,709
Less: deferred charges on retroactive insurance 254,300 0 255,911 0
Net balance as at June 30 4,227,820 3,482,329 3,294,796 2,634,301
Net incurred losses and LAE:        
Current period 518 22,547 6,587 43,273
Prior periods (25,208) (51,417) (54,831) (85,243)
Total net incurred losses and LAE (24,690) (28,870) (48,244) (41,970)
Net paid losses:        
Current period (2,058) (9,434) (4,048) (14,005)
Prior periods (140,998) (155,006) (271,321) (215,695)
Net losses paid (143,056) (164,440) (275,369) (229,700)
Effect of exchange rate movement (18,963) 25,876 (14,323) (12,362)
Acquired on purchase of subsidiaries 10,019 0 10,019 774,758
Assumed business 0 305,763 1,084,251 495,631
Net balance as at June 30 4,051,130 3,620,658 4,051,130 3,620,658
Plus: reinsurance reserves recoverable 927,725 1,178,053 927,725 1,178,053
Plus: deferred charge on retroactive reinsurance 247,272 265,426 247,272 265,426
Balance as at June 30 5,226,127 5,064,137 5,226,127 5,064,137
Atrium        
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]        
Balance as at beginning of period 209,919 202,873 201,017 212,611
Less: reinsurance reserves recoverable 26,249 26,629 25,852 28,278
Net balance as at June 30 183,670 176,244 175,165 184,333
Net incurred losses and LAE:        
Current period 20,568 17,495 36,631 32,373
Prior periods (3,435) (3,738) (3,909) (11,596)
Total net incurred losses and LAE 17,133 13,757 32,722 20,777
Net paid losses:        
Current period (5,255) (4,538) (7,493) (7,408)
Prior periods (7,268) (7,583) (12,778) (16,624)
Net losses paid (12,523) (12,121) (20,271) (24,032)
Effect of exchange rate movement (1,912) 1,608 (1,248) (1,590)
Net balance as at June 30 186,368 179,488 186,368 179,488
Plus: reinsurance reserves recoverable 26,856 26,011 26,856 26,011
Balance as at June 30 213,224 205,499 213,224 205,499
StarStone        
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]        
Balance as at beginning of period 972,372 828,488 933,678 861,800
Less: reinsurance reserves recoverable 299,393 280,540 299,783 325,209
Net balance as at June 30 672,979 547,948 633,895 536,591
Net incurred losses and LAE:        
Current period 105,548 81,293 198,718 158,703
Prior periods (1,529) (280) (3,516) (1,474)
Total net incurred losses and LAE 104,019 81,013 195,202 157,229
Net paid losses:        
Current period (9,709) (7,518) (10,815) (11,241)
Prior periods (54,744) (31,896) (105,314) (80,322)
Net losses paid (64,453) (39,414) (116,129) (91,563)
Effect of exchange rate movement (7,252) (2,761) (7,675) (15,471)
Net balance as at June 30 705,293 586,786 705,293 586,786
Plus: reinsurance reserves recoverable 289,201 287,049 289,201 287,049
Balance as at June 30 $ 994,494 $ 873,835 $ 994,494 $ 873,835