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Reinsurance | 9 Months Ended
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Sep. 30, 2023
Reinsurance Disclosures [Abstract] |
Reinsurance [Text Block] | Reinsurance Reinsurance recoverable on ceded reinsurance
|  | September 30, 2023 |  | December 31, 2022
(in millions of U.S. dollars) | Net Reinsurance Recoverable (1) |  | Valuation allowance | Net Reinsurance Recoverable (1) |  | Valuation allowance
Reinsurance recoverable on unpaid losses and loss expenses | $ | 17,808 |  |  | $ | 318 |  |  | $ | 17,086 |  |  | $ | 289 |
Reinsurance recoverable on paid losses and loss expenses | 1,942 |  |  | 52 |  |  | 1,773 |  |  | 62 |
Reinsurance recoverable on losses and loss expenses | $ | 19,750 |  |  | $ | 370 |  |  | $ | 18,859 |  |  | $ | 351 |
Reinsurance recoverable on policy benefits | $ | 315 |  |  | $ | 1 |  |  | $ | 302 |  |  | $ | 4 |
(1)Net of valuation allowance for uncollectible reinsurance. The increase in reinsurance recoverable on losses and loss expenses was primarily due to the consolidation of Huatai and unfavorable prior period development on ceded reserves. The following table presents a roll-forward of valuation allowance for uncollectible reinsurance related to Reinsurance recoverable on loss and loss expenses:
| Nine Months Ended
| September 30
(in millions of U.S. dollars) | 2023 |  | 2022
Valuation allowance for uncollectible reinsurance - beginning of period | $ | 351 |  |  | $ | 329 |
Provision for uncollectible reinsurance | 27 |  |  | 30 |
Write-offs charged against the valuation allowance | (8) |  |  | (4) |
Foreign exchange revaluation | — |  |  | (3) |
Valuation allowance for uncollectible reinsurance - end of period | $ | 370 |  |  | $ | 352 |

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- Definition The entire disclosure pertaining to the existence, magnitude and information about insurance that has been ceded to or assumed from another insurance company, including the methodologies and assumptions used in determining recorded amounts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479838/944-20-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479838/944-20-50-4 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479629/944-605-55-12 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479629/944-605-55-15 + Details
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