2.2.0.25falsefalse0204 - Disclosure - Reinsurance Cededtruefalsefalse1falsefalseUSDfalsefalse1/1/2011 - 3/31/2011 USD ($) USD ($) / shares $Jan-01-2011_Mar-31-2011http://www.sec.gov/CIK0000793547duration2011-01-01T00:00:002011-03-31T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDEPSDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0SharesStandardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_ReinsuranceDisclosuresAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalseReinsurance Ceded [Abstract]3false0us-gaap_ReinsuranceTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1falsefalsefalse00  <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">The Company ceded earned premiums were $96.0 million and $85.5 million for the three months ended March 31, 2011 and 2010, respectively. The Company ceded incurred losses were $74.7 million and $52.2 million for the three months ended March 31, 2011 and 2010. </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif; margin-left: 0in; "> <div align="justify" style="font-size: 10pt; margin-top: 10pt">The following table lists the Company’s 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 the total recoverable), together with the reinsurance recoverable and collateral at March 31, 2011, 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="35%"> </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="1%"> </td> <td align="left"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </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="6"> </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="6"><b>Rating &</b></td> <td> </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="6" style="border-bottom: 1px solid #000000"><b>Rating Agency</b><sup style="font-size: 85%; vertical-align: text-top"><b>(2)</b></sup></td> <td> </td> </tr> <tr style="font-size: 10pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="14"><i>($ in millions)</i></td> <td> </td> <td> </td> <td> </td> <td align="left"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </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> </td> <td align="left"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Swiss Reinsurance America Corporation </div></td> <td> </td> <td align="right">$</td> <td align="right">7.8</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">94.3</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">102.1</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">7.5</td> <td> </td> <td> </td> <td> </td> <td align="left">A</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Munich Reinsurance America Inc. </div></td> <td> </td> <td> </td> <td align="right">15.4</td> <td> </td> <td> </td> <td> </td> <td align="right">82.1</td> <td> </td> <td> </td> <td> </td> <td align="right">97.5</td> <td> </td> <td> </td> <td> </td> <td align="right">7.6</td> <td> </td> <td> </td> <td> </td> <td align="left">A+</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Everest Reinsurance Company </div></td> <td> </td> <td> </td> <td align="right">17.5</td> <td> </td> <td> </td> <td> </td> <td align="right">68.9</td> <td> </td> <td> </td> <td> </td> <td align="right">86.4</td> <td> </td> <td> </td> <td> </td> <td align="right">9.0</td> <td> </td> <td> </td> <td> </td> <td align="left">A+</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Transatlantic Reinsurance Company </div></td> <td> </td> <td> </td> <td align="right">20.0</td> <td> </td> <td> </td> <td> </td> <td align="right">66.2</td> <td> </td> <td> </td> <td> </td> <td align="right">86.2</td> <td> </td> <td> </td> <td> </td> <td align="right">8.8</td> <td> </td> <td> </td> <td> </td> <td align="left">A</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Scor Holding (Switzerland) AG </div></td> <td> </td> <td> </td> <td align="right">6.5</td> <td> </td> <td> </td> <td> </td> <td align="right">39.8</td> <td> </td> <td> </td> <td> </td> <td align="right">46.3</td> <td> </td> <td> </td> <td> </td> <td align="right">12.0</td> <td> </td> <td> </td> <td> </td> <td align="left">A</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Partner Reinsurance Europe </div></td> <td> </td> <td> </td> <td align="right">6.7</td> <td> </td> <td> </td> <td> </td> <td align="right">33.5</td> <td> </td> <td> </td> <td> </td> <td align="right">40.2</td> <td> </td> <td> </td> <td> </td> <td align="right">18.8</td> <td> </td> <td> </td> <td> </td> <td align="left">AA-</td> <td> </td> <td> </td> <td> </td> <td align="right">S&P</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">National Indemnity Company </div></td> <td> </td> <td> </td> <td align="right">10.2</td> <td> </td> <td> </td> <td> </td> <td align="right">29.1</td> <td> </td> <td> </td> <td> </td> <td align="right">39.3</td> <td> </td> <td> </td> <td> </td> <td align="right">3.0</td> <td> </td> <td> </td> <td> </td> <td align="left">A++</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Munchener Ruckversicherungs-Gesellschaft </div></td> <td> </td> <td> </td> <td align="right">0.9</td> <td> </td> <td> </td> <td> </td> <td align="right">36.1</td> <td> </td> <td> </td> <td> </td> <td align="right">37.0</td> <td> </td> <td> </td> <td> </td> <td align="right">8.1</td> <td> </td> <td> </td> <td> </td> <td align="left">A+</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">White Mountains Reinsurance of America </div></td> <td> </td> <td> </td> <td align="right">0.3</td> <td> </td> <td> </td> <td> </td> <td align="right">33.8</td> <td> </td> <td> </td> <td> </td> <td align="right">34.1</td> <td> </td> <td> </td> <td> </td> <td align="right">0.2</td> <td> </td> <td> </td> <td> </td> <td align="left">A-</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">General Reinsurance Corporation </div></td> <td> </td> <td> </td> <td align="right">1.2</td> <td> </td> <td> </td> <td> </td> <td align="right">32.8</td> <td> </td> <td> </td> <td> </td> <td align="right">34.0</td> <td> </td> <td> </td> <td> </td> <td align="right">1.0</td> <td> </td> <td> </td> <td> </td> <td align="left">A++</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Berkley Insurance Company </div></td> <td> </td> <td> </td> <td align="right">2.5</td> <td> </td> <td> </td> <td> </td> <td align="right">29.8</td> <td> </td> <td> </td> <td> </td> <td align="right">32.3</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(0.4</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="left">A+</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Platinum Underwriters Re </div></td> <td> </td> <td> </td> <td align="right">1.7</td> <td> </td> <td> </td> <td> </td> <td align="right">26.6</td> <td> </td> <td> </td> <td> </td> <td align="right">28.3</td> <td> </td> <td> </td> <td> </td> <td align="right">3.7</td> <td> </td> <td> </td> <td> </td> <td align="left">A</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Lloyd’s Syndicate #2003 </div></td> <td> </td> <td> </td> <td align="right">4.1</td> <td> </td> <td> </td> <td> </td> <td align="right">23.7</td> <td> </td> <td> </td> <td> </td> <td align="right">27.8</td> <td> </td> <td> </td> <td> </td> <td align="right">3.4</td> <td> </td> <td> </td> <td> </td> <td align="left">A</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Ace Property and Casualty Insurance Company </div></td> <td> </td> <td> </td> <td align="right">4.9</td> <td> </td> <td> </td> <td> </td> <td align="right">21.7</td> <td> </td> <td> </td> <td> </td> <td align="right">26.6</td> <td> </td> <td> </td> <td> </td> <td align="right">1.9</td> <td> </td> <td> </td> <td> </td> <td align="left">A+</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Allied World Reinsurance </div></td> <td> </td> <td> </td> <td align="right">6.9</td> <td> </td> <td> </td> <td> </td> <td align="right">14.7</td> <td> </td> <td> </td> <td> </td> <td align="right">21.6</td> <td> </td> <td> </td> <td> </td> <td align="right">2.5</td> <td> </td> <td> </td> <td> </td> <td align="left">A</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">AXIS Re Europe </div></td> <td> </td> <td> </td> <td align="right">3.6</td> <td> </td> <td> </td> <td> </td> <td align="right">16.8</td> <td> </td> <td> </td> <td> </td> <td align="right">20.4</td> <td> </td> <td> </td> <td> </td> <td align="right">5.3</td> <td> </td> <td> </td> <td> </td> <td align="left">A</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Swiss Re International SE </div></td> <td> </td> <td> </td> <td align="right">0.7</td> <td> </td> <td> </td> <td> </td> <td align="right">15.4</td> <td> </td> <td> </td> <td> </td> <td align="right">16.1</td> <td> </td> <td> </td> <td> </td> <td align="right">5.5</td> <td> </td> <td> </td> <td> </td> <td align="left">A</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Validus Reinsurance Ltd. </div></td> <td> </td> <td> </td> <td align="right">2.6</td> <td> </td> <td> </td> <td> </td> <td align="right">12.8</td> <td> </td> <td> </td> <td> </td> <td align="right">15.4</td> <td> </td> <td> </td> <td> </td> <td align="right">4.8</td> <td> </td> <td> </td> <td> </td> <td align="left">A-</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <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">14.8</td> <td> </td> <td> </td> <td> </td> <td align="right">15.4</td> <td> </td> <td> </td> <td> </td> <td align="right">4.3</td> <td> </td> <td> </td> <td> </td> <td align="left">A</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Tower Insurance Company </div></td> <td> </td> <td> </td> <td align="right">12.4</td> <td> </td> <td> </td> <td> </td> <td align="right">2.0</td> <td> </td> <td> </td> <td> </td> <td align="right">14.4</td> <td> </td> <td> </td> <td> </td> <td align="right">15.0</td> <td> </td> <td> </td> <td> </td> <td align="left">A-</td> <td> </td> <td> </td> <td> </td> <td colspan="1" align="right">AMB</td> <td> </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> </td> <td align="left"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </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">126.5</td> <td> </td> <td> </td> <td> </td> <td align="right">694.9</td> <td> </td> <td> </td> <td> </td> <td align="right">821.4</td> <td> </td> <td> </td> <td> </td> <td align="right">122.0</td> <td> </td> <td> </td> <td> </td> <td align="left"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">All Other </div></td> <td> </td> <td> </td> <td align="right">37.1</td> <td> </td> <td> </td> <td> </td> <td align="right">228.2</td> <td> </td> <td> </td> <td> </td> <td align="right">265.3</td> <td> </td> <td> </td> <td> </td> <td align="right">82.8</td> <td> </td> <td> </td> <td> </td> <td align="left"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </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> </td> <td align="left"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="right">$</td> <td align="right">163.6</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">923.1</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">1,086.7</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">204.8</td> <td> </td> <td> </td> <td> </td> <td align="left"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </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> </td> <td align="left"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </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"><sup style="font-size: 85%; vertical-align: text-top">(1)</sup></td> <td> </td> <td> <div style="text-align: justify">Collateral includes letters of credit, ceded balances payable and other balances held by the Company’s Insurance Companies and Lloyd’s Operations. </div></td> </tr> <tr style="font-size: 3pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">(2)</sup></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>  <!-- Begin Block Tagged NotefalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis 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 falsefalseReinsurance Ceded12Reinsurance CededUnKnownUnKnownUnKnownUnKnownfalsetrue