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Segment Information - Statement of earnings by segment (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Segment Reporting Information [Line Items]        
Gross premiums written $ 3,612,949 $ 3,599,323 $ 8,291,366 $ 8,027,549
Net premiums written 2,649,265 2,726,119 5,632,335 5,790,878
Net premiums earned 2,516,917 2,532,212 5,039,708 4,886,822
Net losses and loss expenses [1] 1,536,678 1,637,868 3,127,425 3,025,290
Acquisition costs 433,584 420,520 869,453 823,787
Operating expenses [2] 358,394 376,133 716,113 768,017
Underwriting profit (loss) 188,261 97,691 326,717 269,728
Net results from structured products 2,923 [3] 2,059 [4] 5,837 [5] 4,029 [6]
Net fee income and other (1,997) [7] (2,330) [8] 218 [9] (5,053) [10]
Net realized gains (losses) on investments 56,628 104,617 93,914 197,367
Net realized and unrealized gains (losses) on derivative instruments (906) 906 (7,975) (2,716)
Net income (loss) from investment fund affiliates and operating affiliates 73,522 34,597 125,392 42,668
Gain on sale of operating affiliate       0
Exchange (gains) losses (5,643) (19,100) (8,979) (52,919)
Corporate operating expenses 102,162 133,185 201,035 245,695
Contribution from P&C and Corporate and Other 382,471 95,026 649,662 241,962
Interest expense [11] 43,422 43,733 83,672 85,346
Non-controlling interests 8,423 5,044 69,429 66,187
Income tax 29,006 2,467 42,098 24,762
Net income (loss) attributable to common shareholders 301,620 43,782 454,463 65,667
Excluding Life Funds Withheld Assets        
Segment Reporting Information [Line Items]        
Net investment income [12] 163,716 162,167 317,509 313,831
Net realized gains (losses) on investments 49,169 19,468 53,387 11,052
Life Funds Withheld Assets        
Segment Reporting Information [Line Items]        
Net investment income 31,439 39,146 64,803 80,706
Net realized gains (losses) on investments 7,459 85,149 40,527 186,315
Net realized and unrealized gains (losses) on derivative instruments (34,596) (229,742) (84,697) (465,822)
Other Operating Income (Expense) [Member]        
Segment Reporting Information [Line Items]        
Net fee income and other (12,200) (13,200) (23,700) (24,200)
Corporate and Other        
Segment Reporting Information [Line Items]        
Gross premiums written [13] 58,519 68,545 115,330 137,456
Net premiums written [13] 2,824 3,508 6,134 6,672
Net premiums earned [13] 2,824 3,508 6,134 6,672
Net losses and loss expenses [1],[13] 7,595 5,482 14,886 10,419
Acquisition costs [1],[13] 1,282 1,823 2,589 3,284
Operating expenses [2],[13] 278 405 511 623
Underwriting profit (loss) [13] (6,331) (4,202) (11,852) (7,654)
Net results from structured products [13] 0 [3] 0 [4] 0 [5] 0 [6]
Net fee income and other [13] 135 [7] 171 [8] (303) [9] 473 [10]
Net realized and unrealized gains (losses) on derivative instruments [13] (906) 906 (7,975) (2,716)
Net income (loss) from investment fund affiliates and operating affiliates [13] 73,522 34,597 125,392 42,668
Exchange (gains) losses [13] (5,643) (19,100) (8,979) (52,919)
Corporate operating expenses [13] 102,162 133,185 201,035 245,695
Contribution from P&C and Corporate and Other [13] (25,611) (188,944) (59,361) (348,413)
Interest expense [11],[13] 43,422 43,733 83,672 85,346
Non-controlling interests [13] 8,423 5,044 69,429 66,187
Income tax [13] 29,006 2,467 42,098 24,762
Corporate and Other | Excluding Life Funds Withheld Assets        
Segment Reporting Information [Line Items]        
Net investment income [12],[13] 8,157 7,525 15,384 16,058
Net realized gains (losses) on investments [13] (7,971) (8,480) (8,584) (5,736)
Corporate and Other | Life Funds Withheld Assets        
Segment Reporting Information [Line Items]        
Net investment income [13] 31,439 39,146 64,803 80,706
Net realized gains (losses) on investments [13] 7,459 85,220 40,527 186,386
Net realized and unrealized gains (losses) on derivative instruments [13] (34,596) (229,742) (84,697) (465,822)
Total P&C | Net investment income        
Segment Reporting Information [Line Items]        
Net results from structured products 13,500 14,100 26,900 26,700
Total P&C | Interest Expense [Member]        
Segment Reporting Information [Line Items]        
Net results from structured products (10,600) (12,000) (21,100) (22,700)
Operating Segments [Member] | Total P&C        
Segment Reporting Information [Line Items]        
Gross premiums written 3,554,430 3,530,778 8,176,036 7,890,093
Net premiums written 2,646,441 2,722,611 5,626,201 5,784,206
Net premiums earned 2,514,093 2,528,704 5,033,574 4,880,150
Net losses and loss expenses [1] 1,529,083 1,632,386 3,112,539 3,014,871
Acquisition costs [1] 432,302 418,697 866,864 820,503
Operating expenses [2] 358,116 375,728 715,602 767,394
Underwriting profit (loss) 194,592 101,893 338,569 277,382
Net results from structured products 2,923 [3] 2,059 [4] 5,837 [5] 4,029 [6]
Net fee income and other (2,132) [7] (2,501) [8] 521 [9] (5,526) [10]
Net realized and unrealized gains (losses) on derivative instruments 0 0 0  
Contribution from P&C and Corporate and Other $ 408,082 $ 283,970 $ 709,023 $ 590,375
Ratios - P&C operations        
Loss and loss expense ratio [14] 60.80% 64.60% 61.80% 61.80%
Underwriting expense ratio [14] 31.50% 31.40% 31.50% 32.50%
Combined ratio [14] 92.30% 96.00% 93.30% 94.30%
Operating Segments [Member] | Total P&C | Excluding Life Funds Withheld Assets        
Segment Reporting Information [Line Items]        
Net investment income [12] $ 155,559 $ 154,642 $ 302,125 $ 297,773
Net realized gains (losses) on investments 57,140 27,948 61,971 16,788
Operating Segments [Member] | Total P&C | Life Funds Withheld Assets        
Segment Reporting Information [Line Items]        
Net realized gains (losses) on investments 0 (71) 0 (71)
Operating Segments [Member] | Insurance Segment        
Segment Reporting Information [Line Items]        
Gross premiums written 2,576,754 2,512,012 5,270,970 5,015,984
Net premiums written 1,741,201 1,780,192 3,249,792 3,284,126
Net premiums earned 1,652,304 1,696,720 3,287,619 3,290,594
Net losses and loss expenses [1] 1,077,087 1,095,739 2,137,450 2,095,331
Acquisition costs [1] 231,908 232,414 442,391 457,872
Operating expenses [2] 288,681 307,468 574,410 619,900
Underwriting profit (loss) 54,628 61,099 133,368 117,491
Net results from structured products 1,981 [3] 2,765 [4] 4,250 [5] 3,987 [6]
Net fee income and other $ (2,826) [7] $ (3,749) [8] $ (859) [9] $ (7,611) [10]
Ratios - P&C operations        
Loss and loss expense ratio [14] 65.20% 64.60% 65.00% 63.70%
Underwriting expense ratio [14] 31.50% 31.80% 30.90% 32.70%
Combined ratio [14] 96.70% 96.40% 95.90% 96.40%
Operating Segments [Member] | Reinsurance Segment        
Segment Reporting Information [Line Items]        
Gross premiums written $ 977,676 $ 1,018,766 $ 2,905,066 $ 2,874,109
Net premiums written 905,240 942,419 2,376,409 2,500,080
Net premiums earned 861,789 831,984 1,745,955 1,589,556
Net losses and loss expenses [1] 451,996 536,647 975,089 919,540
Acquisition costs [1] 200,394 186,283 424,473 362,631
Operating expenses [2] 69,435 68,260 141,192 147,494
Underwriting profit (loss) 139,964 40,794 205,201 159,891
Net results from structured products 942 [3] (706) [4] 1,587 [5] 42 [6]
Net fee income and other $ 694 [7] $ 1,248 [8] $ 1,380 [9] $ 2,085 [10]
Ratios - P&C operations        
Loss and loss expense ratio [14] 52.40% 64.50% 55.80% 57.80%
Underwriting expense ratio [14] 31.40% 30.60% 32.40% 32.10%
Combined ratio [14] 83.80% 95.10% 88.20% 89.90%
[1] The Company has reflected the amortization of certain fair value adjustments recorded in conjunction with the Catlin Acquisition within the respective segments.
[2] Operating expenses of the segments exclude Corporate operating expenses, shown separately.
[3] The net results from P&C structured products include net investment income and interest expense of $13.5 million and $10.6 million, respectively.
[4] The net results from P&C structured products include net investment income and interest expense of $14.1 million and $12.0 million, respectively.
[5] The net results from P&C structured products include net investment income and interest expense of $26.9 million and $21.1 million, respectively.
[6] The net results from P&C structured products include net investment income and interest expense of $26.7 million and $22.7 million, respectively.
[7] Net fee income and other includes operating expenses of $12.2 million from the Company's loss prevention consulting services business.
[8] Net fee income and other includes operating expenses of $13.2 million from the Company's loss prevention consulting services business.
[9] Net fee income and other includes operating expenses of $23.7 million from the Company's loss prevention consulting services business.
[10] Net fee income and other includes operating expenses of $24.2 million from the Company's loss prevention consulting services business.
[11] Interest expense excludes interest expense related to structured products recorded in the Insurance and Reinsurance segments.
[12] Net investment income - excluding Life Funds Withheld Assets does not include net investment income related to the net results from structured products.
[13] Corporate and Other includes other items of our revenue and expenditures that are not evaluated at the segment level for reporting purposes. The underwriting profit and its components within this section are predominantly driven from the Company's run-off life operations.
[14] Ratios are based on net premiums earned from P&C operations.