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Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Summary of Derivative Instruments [Abstract]

Schedule of Location on Consolidated Balance Sheets and Fair Value Of Principal Derivative Instruments

The tables below show the gross and net amounts of recognized derivative assets and liabilities, including the location on the consolidated balance sheets and fair value of the Company’s principal derivative instruments:

		Derivative Assets
	At June 30, 2014	Gross Amounts of Recognized Assets				Gross Amounts Offset in the Balance Sheet				Net Amounts of Assets Presented in the Balance Sheet				Balance Sheet Location		Collateral				Net Amount
	Interest rate futures	$	190			189				$	1			Other assets		$	—			$	1
	Foreign currency forward contracts (1)	10,764				3,747				7,017				Other assets		—				7,017
	Foreign currency forward contracts (2)	249				238				11				Other assets		—				11
	Credit default swaps	730				33				697				Other assets		570				127
	Call rights	2,220				—				2,220				Other assets		—				2,220
	Total	$	14,153			$	4,207			$	9,946					$	570			$	9,376
		Derivative Liabilities
	At June 30, 2014	Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Balance Sheet				Net Amounts of Liabilities Presented in the Balance Sheet				Balance Sheet Location		Collateral Pledged				Net Amount
	Interest rate futures	$	530			189				$	341			Other liabilities		$	331			$	10
	Foreign currency forward contracts (1)	1,042				—				1,042				Other liabilities		—				1,042
	Foreign currency forward contracts (2)	1,151				238				913				Other liabilities		—				913
	Credit default swaps	43				33				10				Other liabilities		—				10
	Weather contract	1,149				—				1,149				Other liabilities		—				1,149
	Total	$	3,915			$	460			$	3,455					$	331			$	3,124

(1) Contracts used to manage foreign currency risks in underwriting and non-investment operations.

(2) Contracts used to manage foreign currency risks in investment operations.

		Derivative Assets
	At December 31, 2013	Gross Amounts of Recognized Assets				Gross Amounts Offset in the Balance Sheet				Net Amounts of Assets Presented in the Balance Sheet				Balance Sheet Location		Collateral				Net Amount
	Interest rate futures	$	897			62				$	835			Other assets		$	—			$	835
	Foreign currency forward contracts (1)	9,612				1,179				8,433				Other assets		—				8,433
	Foreign currency forward contracts (2)	1,013				338				675				Other assets		—				675
	Credit default swaps	806				82				724				Other assets		310				414
	Total	$	12,328			$	1,661			$	10,667					$	310			$	10,357
		Derivative Liabilities
	At December 31, 2013	Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Balance Sheet				Net Amounts of Liabilities Presented in the Balance Sheet				Balance Sheet Location		Collateral Pledged				Net Amount
	Interest rate futures	$	74			62				$	12			Other liabilities		$	12			$	—
	Foreign currency forward contracts (1)	2,204				28				2,176				Other liabilities		—				2,176
	Foreign currency forward contracts (2)	1,557				338				1,219				Other liabilities		—				1,219
	Credit default swaps	94				82				12				Other liabilities		—				12
	Weather contract	2,490				—				2,490				Other liabilities		—				2,490
	Total	$	6,419			$	510			$	5,909					$	12			$	5,897

(1) Contracts used to manage foreign currency risks in underwriting and non-investment operations.

(2) Contracts used to manage foreign currency risks in investment operations.

Schedule of Gain (Loss) Recognized In Consolidated Statements Of Operations Related To Principal Derivative Instruments

The location and amount of the gain (loss) recognized in the Company’s consolidated statements of operations related to its principal derivative instruments are shown in the following table:

		Location of gain (loss) recognized on derivatives		Amount of gain (loss) recognized on derivatives
	Three months ended June 30,			2014				2013
	Interest rate futures	Net realized and unrealized gains (losses) on investments		$	(7,362	)		$	20,203
	Foreign currency forward contracts (1)	Net foreign exchange gains (losses)		(1,990		)		(13,264		)
	Foreign currency forward contracts (2)	Net foreign exchange gains (losses)		58				(332		)
	Credit default swaps	Net realized and unrealized gains (losses) on investments		299				292
	Weather contract	Net realized and unrealized gains (losses) on investments		179				—
	Call rights	Other loss		2,220				—
	Total			$	(6,596	)		$	6,899

		Location of gain (loss) recognized on derivatives		Amount of gain (loss) recognized on derivatives
	Six months ended June 30,			2014				2013
	Interest rate futures	Net realized and unrealized gains (losses) on investments		$	(19,636	)		$	20,205
	Foreign currency forward contracts (1)	Net foreign exchange gains (losses)		2,109				(10,876		)
	Foreign currency forward contracts (2)	Net foreign exchange gains (losses)		(1,341		)		1,346
	Credit default swaps	Net realized and unrealized gains (losses) on investments		458				726
	Weather contract	Net realized and unrealized gains (losses) on investments		1,395				—
	Call rights	Other loss		2,220				—
	Total			$	(14,795	)		$	11,401

(1) Contracts used to manage foreign currency risks in underwriting and non-investment operations.

(2) Contracts used to manage foreign currency risks in investment operations.

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4A

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4C

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959

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X

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4B

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959

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