2.2.0.7 false Reinsurance Ceded 0204 - Disclosure - Reinsurance Ceded true false false false 1 USD false false USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 Reinsurance Ceded [Abstract] 0 us-gaap_ReinsuranceDisclosuresAbstract us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 3 Reinsurance Ceded 1 us-gaap_ReinsuranceTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false verboselabel false 1 false false false false 0 0   <div style="font-family: 'Times New Roman',Times,serif; margin-left: 0in; "> <div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>Note 4. Reinsurance Ceded</b> </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt">Our ceded earned premiums were $81.6 million and $92.3 million for the three months ended September 30, 2010 and 2009, respectively and were $251.4 million and $280.6 million for the nine months ended September 30, 2010 and 2009, respectively. Our ceded incurred losses were $42.6 million and $31.1 million for the three months ended September 30, 2010 and 2009, respectively and were $156.0 million and $167.6 million for the nine months ended September 30, 2010 and 2009, respectively. </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt">The following table lists our 20 largest reinsurers measured by the amount of reinsurance recoverable for ceded losses and loss adjustment expense and ceded unearned premium (constituting approximately 75.6% of our total recoverable), together with the reinsurance recoverable and collateral at September 30, 2010, and the reinsurers’ rating from the indicated rating agency: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="7%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="7%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="7%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="7%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="9%"> </td> <td width="3%"> </td> <td width="9%"> </td> </tr> <tr style="font-size: 10pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000"><b>Reinsurance Recoverables</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 10pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Unearned</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Unpaid/Paid</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Collateral</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="3"><b>Rating &</b></td> </tr> <tr style="font-size: 10pt" valign="bottom"> <td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000"><b>Reinsurer</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Premium</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Losses</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Total</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Held</b><sup style="font-size: 85%; vertical-align: text-top"><b>(1)</b></sup></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>Rating Agency</b><sup style="font-size: 85%; vertical-align: text-top"><b>(2)</b></sup></td> </tr> <tr style="font-size: 10pt" valign="bottom"> <td nowrap="nowrap" align="left"> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="14"><i>($ in millions)</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="3"> </td> </tr>   <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left" valign="bottom"> </td> <td> </td> <td align="left" valign="bottom"> </td> </tr> <tr valign="bottom" style="background: #cceeff; padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">Swiss Reinsurance America Corporation </div></td> <td> </td> <td align="left">$</td> <td align="right">7.0</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">83.9</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">90.9</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5.9</td> <td> </td> <td> </td> <td align="left" valign="bottom">A</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr valign="bottom" style="padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">Munich Reinsurance America Inc. </div></td> <td> </td> <td> </td> <td align="right">19.4</td> <td> </td> <td> </td> <td> </td> <td align="right">68.1</td> <td> </td> <td> </td> <td> </td> <td align="right">87.5</td> <td> </td> <td> </td> <td> </td> <td align="right">5.2</td> <td> </td> <td> </td> <td align="left" valign="bottom">A+</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr valign="bottom" style="background: #cceeff; padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">Transatlantic Reinsurance Company </div></td> <td> </td> <td> </td> <td align="right">20.2</td> <td> </td> <td> </td> <td> </td> <td align="right">53.8</td> <td> </td> <td> </td> <td> </td> <td align="right">74.0</td> <td> </td> <td> </td> <td> </td> <td align="right">8.7</td> <td> </td> <td> </td> <td align="left" valign="bottom">A</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr valign="bottom" style="padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">Everest Reinsurance Company </div></td> <td> </td> <td> </td> <td align="right">17.8</td> <td> </td> <td> </td> <td> </td> <td align="right">54.2</td> <td> </td> <td> </td> <td> </td> <td align="right">72.0</td> <td> </td> <td> </td> <td> </td> <td align="right">8.1</td> <td> </td> <td> </td> <td align="left" valign="bottom">A+</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr valign="bottom" style="background: #cceeff; padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">White Mountains Reinsurance of America </div></td> <td> </td> <td> </td> <td align="right">0.4</td> <td> </td> <td> </td> <td> </td> <td align="right">56.2</td> <td> </td> <td> </td> <td> </td> <td align="right">56.6</td> <td> </td> <td> </td> <td> </td> <td align="right">0.3</td> <td> </td> <td> </td> <td align="left" valign="bottom">A-</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr valign="bottom" style="padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">General Reinsurance Corporation </div></td> <td> </td> <td> </td> <td align="right">1.6</td> <td> </td> <td> </td> <td> </td> <td align="right">51.8</td> <td> </td> <td> </td> <td> </td> <td align="right">53.4</td> <td> </td> <td> </td> <td> </td> <td align="right">1.8</td> <td> </td> <td> </td> <td align="left" valign="bottom">A++</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr valign="bottom" style="background: #cceeff; padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">Munchener Ruckversicherungs-Gesellschaft </div></td> <td> </td> <td> </td> <td align="right">1.5</td> <td> </td> <td> </td> <td> </td> <td align="right">34.1</td> <td> </td> <td> </td> <td> </td> <td align="right">35.6</td> <td> </td> <td> </td> <td> </td> <td align="right">11.4</td> <td> </td> <td> </td> <td align="left" valign="bottom">A+</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr valign="bottom" style="padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">National Indemnity Company </div></td> <td> </td> <td> </td> <td align="right">9.0</td> <td> </td> <td> </td> <td> </td> <td align="right">26.1</td> <td> </td> <td> </td> <td> </td> <td align="right">35.1</td> <td> </td> <td> </td> <td> </td> <td align="right">2.5</td> <td> </td> <td> </td> <td align="left" valign="bottom">A++</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr valign="bottom" style="background: #cceeff; padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">Scor Holding (Switzerland) AG </div></td> <td> </td> <td> </td> <td align="right">9.4</td> <td> </td> <td> </td> <td> </td> <td align="right">24.9</td> <td> </td> <td> </td> <td> </td> <td align="right">34.3</td> <td> </td> <td> </td> <td> </td> <td align="right">9.9</td> <td> </td> <td> </td> <td align="left" valign="bottom">A</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr valign="bottom" style="padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">Berkley Insurance Company </div></td> <td> </td> <td> </td> <td align="right">4.2</td> <td> </td> <td> </td> <td> </td> <td align="right">25.1</td> <td> </td> <td> </td> <td> </td> <td align="right">29.3</td> <td> </td> <td> </td> <td> </td> <td align="right">0.1</td> <td> </td> <td> </td> <td align="left" valign="bottom">A+</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr valign="bottom" style="background: #cceeff; padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">Partner Reinsurance Europe </div></td> <td> </td> <td> </td> <td align="right">8.7</td> <td> </td> <td> </td> <td> </td> <td align="right">19.9</td> <td> </td> <td> </td> <td> </td> <td align="right">28.6</td> <td> </td> <td> </td> <td> </td> <td align="right">12.1</td> <td> </td> <td> </td> <td align="left" valign="bottom">AA-</td> <td> </td> <td align="left" valign="bottom">S&P</td> </tr> <tr valign="bottom" style="padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">Platinum Underwriters Re </div></td> <td> </td> <td> </td> <td align="right">2.5</td> <td> </td> <td> </td> <td> </td> <td align="right">25.3</td> <td> </td> <td> </td> <td> </td> <td align="right">27.8</td> <td> </td> <td> </td> <td> </td> <td align="right">1.5</td> <td> </td> <td> </td> <td align="left" valign="bottom">A</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr valign="bottom" style="background: #cceeff; padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">Partner Reinsurance Company of the U.S. </div></td> <td> </td> <td> </td> <td align="right">1.5</td> <td> </td> <td> </td> <td> </td> <td align="right">18.7</td> <td> </td> <td> </td> <td> </td> <td align="right">20.2</td> <td> </td> <td> </td> <td> </td> <td align="right">0.6</td> <td> </td> <td> </td> <td align="left" valign="bottom">A+</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr valign="bottom" style="padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">Arch Reinsurance Company </div></td> <td> </td> <td> </td> <td align="right">0.3</td> <td> </td> <td> </td> <td> </td> <td align="right">19.1</td> <td> </td> <td> </td> <td> </td> <td align="right">19.4</td> <td> </td> <td> </td> <td> </td> <td align="right">0.4</td> <td> </td> <td> </td> <td align="left" valign="bottom">A</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr valign="bottom" style="background: #cceeff; padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">Lloyd’s Syndicate #2003 </div></td> <td> </td> <td> </td> <td align="right">2.9</td> <td> </td> <td> </td> <td> </td> <td align="right">16.3</td> <td> </td> <td> </td> <td> </td> <td align="right">19.2</td> <td> </td> <td> </td> <td> </td> <td align="right">3.4</td> <td> </td> <td> </td> <td align="left" valign="bottom">A</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr valign="bottom" style="padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">Ace Property and Casualty Insurance Company </div></td> <td> </td> <td> </td> <td align="right">4.7</td> <td> </td> <td> </td> <td> </td> <td align="right">13.9</td> <td> </td> <td> </td> <td> </td> <td align="right">18.6</td> <td> </td> <td> </td> <td> </td> <td align="right">1.9</td> <td> </td> <td> </td> <td align="left" valign="bottom">A+</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr valign="bottom" style="background: #cceeff; padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">Swiss Re International SE </div></td> <td> </td> <td> </td> <td align="right">0.6</td> <td> </td> <td> </td> <td> </td> <td align="right">16.0</td> <td> </td> <td> </td> <td> </td> <td align="right">16.6</td> <td> </td> <td> </td> <td> </td> <td align="right">5.4</td> <td> </td> <td> </td> <td align="left" valign="bottom">A</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr valign="bottom" style="padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">Hannover Ruckversicherung </div></td> <td> </td> <td> </td> <td align="right">0.6</td> <td> </td> <td> </td> <td> </td> <td align="right">13.5</td> <td> </td> <td> </td> <td> </td> <td align="right">14.1</td> <td> </td> <td> </td> <td> </td> <td align="right">1.8</td> <td> </td> <td> </td> <td align="left" valign="bottom">A</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr valign="bottom" style="background: #cceeff; padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">AXIS Re Europe </div></td> <td> </td> <td> </td> <td align="right">3.8</td> <td> </td> <td> </td> <td> </td> <td align="right">10.1</td> <td> </td> <td> </td> <td> </td> <td align="right">13.9</td> <td> </td> <td> </td> <td> </td> <td align="right">3.8</td> <td> </td> <td> </td> <td align="left" valign="bottom">A</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr valign="bottom" style="padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">Allied World Reinsurance </div></td> <td> </td> <td> </td> <td align="right">6.0</td> <td> </td> <td> </td> <td> </td> <td align="right">6.0</td> <td> </td> <td> </td> <td> </td> <td align="right">12.0</td> <td> </td> <td> </td> <td> </td> <td align="right">2.5</td> <td> </td> <td> </td> <td align="left" valign="bottom">A</td> <td> </td> <td align="left" valign="bottom">AMB</td> </tr> <tr style="font-size: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td> <td> </td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td> <td> </td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td> <td> </td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td> <td> </td> <td> </td> <td align="left" valign="bottom"> </td> <td> </td> <td align="left" valign="bottom"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Top 20 Total </div></td> <td> </td> <td> </td> <td align="right">122.1</td> <td> </td> <td> </td> <td> </td> <td align="right">637.0</td> <td> </td> <td> </td> <td> </td> <td align="right">759.1</td> <td> </td> <td> </td> <td> </td> <td align="right">87.3</td> <td> </td> <td> </td> <td align="left" valign="bottom"> </td> <td> </td> <td align="left" valign="bottom"> </td> </tr> <tr valign="bottom" style="padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">All Other </div></td> <td> </td> <td> </td> <td align="right">33.9</td> <td> </td> <td> </td> <td> </td> <td align="right">211.7</td> <td> </td> <td> </td> <td> </td> <td align="right">245.6</td> <td> </td> <td> </td> <td> </td> <td align="right">91.0</td> <td> </td> <td> </td> <td align="left" valign="bottom"> </td> <td> </td> <td align="left" valign="bottom"> </td> </tr> <tr style="font-size: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td> <td> </td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td> <td> </td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td> <td> </td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td> <td> </td> <td> </td> <td align="left" valign="bottom"> </td> <td> </td> <td align="left" valign="bottom"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">156.0</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">848.7</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,004.7</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">178.3</td> <td> </td> <td> </td> <td align="left" valign="bottom"> </td> <td> </td> <td align="left" valign="bottom"> </td> </tr> <tr style="font-size: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td> <td> </td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td> <td> </td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td> <td> </td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td> <td> </td> <td> </td> <td align="left" valign="bottom"> </td> <td> </td> <td align="left" valign="bottom"> </td> </tr>  </table> </div> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr style="font-size: 6pt"> <td width="3%"> </td> <td width="1%"> </td> <td width="96"> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(1)</td> <td> </td> <td> <div style="text-align: justify">Collateral includes letters of credit, ceded balances payable and other balances held by our Insurance Companies and our Lloyd’s Operations. </div></td> </tr> <tr style="font-size: 3pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(2)</td> <td> </td> <td> <div style="text-align: justify">A.M. Best Company (“A.M. Best”, “AMB”) and Standard and Poor’s Rating Services (“S&P”) </div></td> </tr> </table>   </div>  <div style="font-family: 'Times New Roman',Times,serif; margin-left: 0in; "> </div>  <!-- Begin Block Tagged Note false false false us-types:textBlockItemType textblock This element may be used as a single block of text to encapsulate the entire disclosure, including data and tables, pertaining to the existence, magnitude and information about insurance which has been ceded to or assumed from another insurance company, including the methodologies and assumptions used in determining recorded amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 92-5 -Paragraph 19 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 113 -Paragraph 27, 120 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 6, 13 -Article 7 false 1 2 false UnKnown UnKnown UnKnown false true