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Investment Securities (Details 4) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Investment securities      
Cost or amortized cost $ 6,228.2 $ 5,755.9  
Gross unrealized gains 119.1 133.6  
Gross unrealized losses (18.6) (44.2)  
Net foreign currency gains (losses) 5.0 (59.2)  
Total fixed maturity investments including assets held for sale 6,333.7    
Fixed maturity investments, at fair value 6,221.9 5,786.1  
Cost or amortized cost      
Total 6,228.2 5,755.9  
Carrying value      
Carrying value, common equity securities 755.0 667.0  
Carrying value, convertible fixed securities 143.8 143.0  
Carrying value, other long-term investments 301.3 372.1  
Sales and maturities of investments, excluding short-term investments 5,044.5 4,492.6 3,748.5
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Investment securities      
Fixed maturity investments reclassified to assets held for sale (111.8)    
U.S. Government and agency obligations
     
Investment securities      
Cost or amortized cost 299.4 385.9  
Gross unrealized gains 5.3 13.6  
Gross unrealized losses (0.1) (0.8)  
Net foreign currency gains (losses) 0.4    
Fixed maturity investments, at fair value 305.0 398.7  
Cost or amortized cost      
Total 299.4 385.9  
Debt securities issued by corporations
     
Investment securities      
Cost or amortized cost 2,072.1 2,149.2  
Gross unrealized gains 73.7 87.9  
Gross unrealized losses (7.8) (21.1)  
Net foreign currency gains (losses) (2.9) (37.9)  
Fixed maturity investments, at fair value 2,135.1 2,178.1  
Cost or amortized cost      
Total 2,072.1 2,149.2  
Municipal obligations
     
Investment securities      
Cost or amortized cost 2.7 3.3  
Gross unrealized gains   0.1  
Gross unrealized losses   (0.1)  
Fixed maturity investments, at fair value 2.7 3.3  
Cost or amortized cost      
Total 2.7 3.3  
Mortgage-backed and asset-backed securities
     
Investment securities      
Cost or amortized cost 3,190.5 2,082.0  
Gross unrealized gains 25.9 18.2  
Gross unrealized losses (3.9) (15.6)  
Net foreign currency gains (losses) 10.4 (12.9)  
Fixed maturity investments, at fair value 3,222.9 2,071.7  
Cost or amortized cost      
Securities not having single maturity date 3,190.5    
Total 3,190.5 2,082.0  
Carrying value      
Securities not having single maturity date 3,222.9    
Foreign government, agency and provincial obligations
     
Investment securities      
Cost or amortized cost 581.2 1,053.6  
Gross unrealized gains 11.0 7.7  
Gross unrealized losses (0.1) (6.6)  
Net foreign currency gains (losses) (2.9) (8.3)  
Fixed maturity investments, at fair value 589.2 1,046.4  
Cost or amortized cost      
Total 581.2 1,053.6  
Non-cumulative perpetual preference shares
     
Investment securities      
Cost or amortized cost 82.3 81.9  
Gross unrealized gains 3.2 6.1  
Gross unrealized losses (6.7)    
Net foreign currency gains (losses)   (0.1)  
Fixed maturity investments, at fair value 78.8 87.9  
Cost or amortized cost      
Securities not having single maturity date 82.3    
Total 82.3 81.9  
Carrying value      
Securities not having single maturity date 78.8    
Fixed maturity investments and convertible fixed maturity investments, excluding mortgage-backed securities, asset-backed securities and preferred stock
     
Cost or amortized cost      
Due in one year or less 669.6    
Due after one year through five years 1,809.1    
Due after five years through ten years 563.1    
Due after ten years 52.8    
Carrying value      
Due in one year or less 681.0    
Due after one year through five years 1,857.5    
Due after five years through ten years 582.8    
Due after ten years 54.5    
Fixed maturity investments and convertible fixed maturity investments
     
Investment securities      
Cost or amortized cost 6,367.4    
Cost or amortized cost      
Total 6,367.4    
Carrying value      
Total 6,477.5    
Common shareholders' equity.
     
Investment securities      
Cost or amortized cost 691.7 561.2  
Gross unrealized gains 72.0 105.5  
Gross unrealized losses (8.7) (1.5)  
Net foreign currency gains (losses)   1.8  
Cost or amortized cost      
Total 691.7 561.2  
Convertible fixed maturities
     
Investment securities      
Cost or amortized cost 139.2 126.9  
Gross unrealized gains 6.2 16.2  
Gross unrealized losses (1.6) (0.1)  
Cost or amortized cost      
Total 139.2 126.9  
Other long-term investments.
     
Investment securities      
Cost or amortized cost 274.4 329.5  
Gross unrealized gains 55.5 62.4  
Gross unrealized losses (25.2) (13.0)  
Net foreign currency gains (losses) (3.4) (6.8)  
Cost or amortized cost      
Total $ 274.4 $ 329.5