CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011		Jun. 30, 2010
Cash flows provided by (used in) operating activities:
Net income (loss)	$ 33,817		$ 337,804
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Net realized losses on sales of investments	75,981		97,562
Net realized and unrealized losses on derivative instruments	7,383		40,376
Amortization of (discounts) on fixed maturities	42,939		20,396
(Income) loss from investment and operating affiliates	(97,287)	[1]	(59,881)	[1]
Amortization of deferred compensation	17,162		15,586
Accretion of convertible debt	499		500
Accretion of deposit liabilities	40,281		51,229
Unpaid losses and loss expenses	67,088		(139,971)
Depreciation expense	24,248		18,335
Future policy benefit reserves	(61,147)		(124,805)
Unearned premiums	622,665		321,433
Premiums receivable	(652,203)		(300,119)
Unpaid losses and loss expenses recoverable	57,390		61,732
Ceded unearned premiums	(184,010)		(95,083)
Reinsurance balances receivable	37,536		132,088
Deferred acquisition costs	(79,060)		(21,706)
Reinsurance balances payable	279,074		(34,782)
Deferred tax asset - net	(51,297)		51,008
Derivatives	(46,619)		231,329
Other assets	75,708		55,262
Other liabilities	(132,549)		(155,048)
Other	29,728		(132,218)
Total adjustments	73,510		33,223
Net cash provided by (used in) operating activities	107,327		371,027
Cash flows provided by (used in) investing activities:
Proceeds from sale of fixed maturities and short-term investments	2,489,705		2,386,683
Proceeds from redemption of fixed maturities and short-term investments	1,325,898		1,438,725
Proceeds from sale of equity securities	157,727		37,344
Purchases of fixed maturities and short-term investments	(3,527,609)		(3,850,644)
Purchases of equity securities	(381,918)		(41,026)
Net dispositions of investment affiliates	11,684		174,179
Other investments, net	8,877		(8,728)
Net cash provided by (used in) investing activities	84,364		136,533
Cash flows (used in) financing activities:
Proceeds from issuance of ordinary shares	1,089
Buybacks of ordinary shares	(258,903)		(1,840)
Redemption of Redeemable Series C preference ordinary shares			(94,157)
Dividends paid on ordinary shares	(68,073)		(68,398)
Dividends paid on preference ordinary shares			(38,073)
Distributions to non-controlling interests	(35,599)
Deposit liabilities	(52,565)		(64,120)
Net cash (used in) financing activities	(414,051)		(266,588)
Effects of exchange rate changes on foreign currency cash	58,834		(83,475)
Increase (decrease) in cash and cash equivalents	(163,526)		157,497
Cash and cash equivalents – beginning of period	3,022,868		3,643,697
Cash and cash equivalents – end of period	$ 2,859,342		$ 3,801,194

[1] The Company records the income related to the alternative funds and to the private investment fund and operating affiliates on a one month and three month lag, respectively.