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Subsequent Events
9 Months Ended
Sep. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events
SUBSEQUENT EVENTS
Hurricane Matthew
The Company currently estimates, on a preliminary basis, Hurricane Matthew will have a net negative impact of approximately $75.0 million on its results for the fourth quarter of 2016.
Net negative impact includes the sum of estimates of net claims and claim expenses incurred, earned reinstatement premiums assumed and ceded, lost profit commissions and redeemable noncontrolling interest - DaVinci Re. The Company’s estimate of Hurricane Matthew’s impact on the financial results of the Company is based on a review of its potential exposures, preliminary discussions with certain counterparties and catastrophe modeling techniques. Given the magnitude and recent occurrence of this event, delays in receiving claims data, uncertainties in the state of Florida relating to practices referred to as “assignment of benefits”, potential complexities relating to unmodeled flood exposure and other contingencies, potential uncertainties relating to reinsurance recoveries and other uncertainties inherent in loss estimation, meaningful uncertainty remains regarding losses from this event. Accordingly, the Company’s actual net negative impact from this event will vary from these estimates, perhaps significantly. Changes in estimates will be recorded in the period in which they occur.