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Derivative Instruments (Tables)

9 Months Ended

Sep. 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 September 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	$	674			192				$	482			Other assets		$	—			$	482
	Foreign currency forward contracts (1)	6,449				519				5,930				Other assets		—				5,930
	Foreign currency forward contracts (2)	1,916				454				1,462				Other assets		—				1,462
	Credit default swaps	682				79				603				Other assets		570				33
	Call rights	264				—				264				Other assets		—				264
	Total	$	9,985			$	1,244			$	8,741					$	570			$	8,171
		Derivative Liabilities
	At September 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	$	195			192				$	3			Other liabilities		$	3			$	—
	Foreign currency forward contracts (1)	12,592				2,673				9,919				Other liabilities		—				9,919
	Foreign currency forward contracts (2)	469				454				15				Other liabilities		—				15
	Credit default swaps	97				79				18				Other liabilities		—				18
	Weather contract	254				—				254				Other liabilities		254				—
	Total	$	13,607			$	3,398			$	10,209					$	257			$	9,952

(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					$	2,502			$	3,407

(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 September 30,			2014				2013
	Interest rate futures	Net realized and unrealized (losses) gains on investments		$	(1,805	)		$	3,291
	Foreign currency forward contracts (1)	Net foreign exchange gains		(1,340		)		11,388
	Foreign currency forward contracts (2)	Net foreign exchange gains		8,827				(5,016		)
	Credit default swaps	Net realized and unrealized (losses) gains on investments		(72		)		266
	Weather contract	Net realized and unrealized (losses) gains on investments		9				—
	Call rights	Other (loss) income		(1,956		)		—
	Other	Other (loss) income		—				281
	Total			$	3,663			$	10,210

		Location of gain (loss) recognized on derivatives		Amount of gain (loss) recognized on derivatives
	Nine months ended September 30,			2014				2013
	Interest rate futures	Net realized and unrealized (losses) gains on investments		$	(21,441	)		$	23,496
	Foreign currency forward contracts (1)	Net foreign exchange gains		769				512
	Foreign currency forward contracts (2)	Net foreign exchange gains		7,486				(3,670		)
	Credit default swaps	Net realized and unrealized (losses) gains on investments		386				992
	Weather contract	Net realized and unrealized (losses) gains on investments		1,404				—
	Call rights	Other (loss) income		264				—
	Other	Other (loss) income		—				281
	Total			$	(11,132	)		$	21,611

(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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