Goodwill and other intangible assets Goodwill and other intangible assets (Tables)

6 Months Ended

Jun. 30, 2016

Goodwill [Line Items]

Schedule of Goodwill [Table Text Block]

The following table presents a roll-forward of Goodwill by segment for the six months ended June 30, 2016:

(in millions of U.S. dollars)	North America Commercial P&C Insurance		North America Personal P&C Insurance		North America Agricultural Insurance		Overseas General Insurance		Global Reinsurance		Life Insurance		Chubb Consolidated
Balance at December 31, 2015	$	1,203	$	196	$	134	$	2,078	$	365	$	820	$	4,796
Acquisition of Chubb Corp	5,712		2,025		—		2,789		—		—		10,526
Foreign exchange revaluation	58		18		—		126		—		1		203
Balance at June 30, 2016	$	6,973	$	2,239	$	134	$	4,993	$	365	$	821	$	15,525

Intangible assets acquired as part of Chubb Corp acquisition

(in millions of U.S. dollars)	Preliminary purchase price allocation		Estimated useful life
Definite life
Unearned premium reserves (UPR) intangible asset	$	1,550	1 year
Agency distribution relationships and renewal rights	3,150		24 years
Internally developed technology	95		3 years
Indefinite life
Trademarks	2,800		Indefinite
Licenses	50		Indefinite
Syndicate capacity	10		Indefinite
Total identified intangible assets	$	7,655

Intangible Asset Amortization for the Next 5 Years [Table Text Block]

	Associated with the Chubb Corp Acquisition
For the Year Ending December 31 (in millions of U.S. dollars)	Agency distribution relationships and renewal rights		Internally developed technology		Fair value adjustment to Unpaid losses and loss expense			Total			Other intangible assets		Total Amortization of purchased intangibles
Third quarter of 2016	$	33	$	8	$	(61	)	$	(20	)	$	23	$	3
Fourth quarter of 2016	33		8		(61		)	(20		)	23		3
2017	296		32		(160		)	168			85		253
2018	324		32		(101		)	255			74		329
2019	281		—		(62		)	219			66		285
2020	240		—		(35		)	205			59		264
2021	217		—		(20		)	197			53		250
Total	$	1,424	$	80	$	(500	)	$	1,004		$	383	$	1,387

Future Changes in Deferred Tax Liabilities Resulting From Amortization of Intangible Assets [Table Text Block]

	Associated with the Chubb Corp Acquisition
For the Year Ending December 31, 2016 (in millions of U.S. dollars)	Amortization of UPR intangible asset
Third quarter of 2016	$	320
Fourth quarter of 2016	144
Total	$	464