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Unpaid losses and loss expenses (Unpaid Losses and Loss Expenses Rollforward) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Unpaid Losses and Loss Expenses [Roll Forward]      
Gross unpaid losses and loss expenses, beginning of year $ 63,179 $ 60,540 $ 37,303
Reinsurance recoverable on unpaid losses, beginning of year [1] (14,014) (12,708) (10,741)
Net unpaid losses and loss expenses, beginning of year 49,165 47,832 26,562
Acquistion of subsidiaries 0 0 21,402
Total 49,165 47,832 47,964
Net losses and loss expenses incurred in respect of losses incurring in Current Year 19,048 19,391 17,256
Prior Year Claims and Claims Adjustment Expense [2] (981) (937) (1,204)
Total 18,067 18,454 16,052
Net losses and loss expenses paid in Current Year 7,544 6,575 5,899
Net losses and loss expenses paid in Prior Year 10,796 10,873 9,816
Total 18,340 17,448 15,715
Foreign currency revaluation and other (621) 327 (469)
Net unpaid losses and loss expenses, end of year 48,271 49,165 47,832
Reinsurance recoverable on unpaid losses, end of year [1] 14,689 14,014 12,708
Gross unpaid losses and loss expenses, end of year 62,960 63,179 60,540
prior period development, net adjustments $ 85 $ 108 $ 69
[1] Net of provision for uncollectible reinsurance.
[2] Relates to prior period loss reserve development only and excludes prior period development related to reinstatement premiums, expense adjustments and earned premiums totaling $85 million, $108 million and $69 million for 2018, 2017, and 2016, respectively.