XML 126 R85.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Reserve for Claims and Claim Expenses (Schedule of Liability for Unpaid Claims and Claims Adjustment Expense) (Details) (USD $) In Thousands, unless otherwise specified | 12 Months Ended
--- | ---
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward] |  |  |
Net reserves as of January 1 | $ 1,462,705 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet | $ 1,686,865 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet | $ 1,588,325 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
Net incurred related to: |  |  |
Current year | 341,745 us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense | 315,241 us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense | 483,180 us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
Prior years | (143,798)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense | (143,954)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense | (157,969)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
Total net incurred | 197,947 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1 | 171,287 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1 | 325,211 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
Net paid related to: |  |  |
Current year | 39,830 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1 | 32,212 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1 | 84,056 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
Prior years | 275,006 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1 | 363,235 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1 | 142,615 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
Total net paid | 314,836 us-gaap_PaymentsForLossesAndLossAdjustmentExpense | 395,447 us-gaap_PaymentsForLossesAndLossAdjustmentExpense | 226,671 us-gaap_PaymentsForLossesAndLossAdjustmentExpense
Net reserves as of December 31 | 1,345,816 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet | 1,462,705 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet | 1,686,865 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
Reinsurance recoverable as of December 31 | 66,694 us-gaap_ReinsuranceRecoverables | 101,025 us-gaap_ReinsuranceRecoverables | 192,512 us-gaap_ReinsuranceRecoverables
Gross reserves as of December 31 | 1,412,510 us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense | 1,563,730 us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense | 1,879,377 us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense
Catastrophe Reinsurance |  |  |
Net incurred related to: |  |  |
Current year | 67,268 us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = rnr_CatastropheReinsuranceSegmentMember | 109,945 us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = rnr_CatastropheReinsuranceSegmentMember | 275,777 us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = rnr_CatastropheReinsuranceSegmentMember
Prior years | (65,511)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = rnr_CatastropheReinsuranceSegmentMember | (102,037)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = rnr_CatastropheReinsuranceSegmentMember | (110,568)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = rnr_CatastropheReinsuranceSegmentMember
Total net incurred | 1,757 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1 / us-gaap_StatementBusinessSegmentsAxis = rnr_CatastropheReinsuranceSegmentMember | 7,908 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1 / us-gaap_StatementBusinessSegmentsAxis = rnr_CatastropheReinsuranceSegmentMember | 165,209 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1 / us-gaap_StatementBusinessSegmentsAxis = rnr_CatastropheReinsuranceSegmentMember
Specialty Reinsurance |  |  |
Net incurred related to: |  |  |
Current year | 144,411 us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = rnr_SpecialtyReinsuranceSegmentMember | 101,347 us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = rnr_SpecialtyReinsuranceSegmentMember | 110,959 us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = rnr_SpecialtyReinsuranceSegmentMember
Prior years | (55,909)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = rnr_SpecialtyReinsuranceSegmentMember | (34,111)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = rnr_SpecialtyReinsuranceSegmentMember | (34,146)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = rnr_SpecialtyReinsuranceSegmentMember
Total net incurred | 88,502 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1 / us-gaap_StatementBusinessSegmentsAxis = rnr_SpecialtyReinsuranceSegmentMember | 67,236 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1 / us-gaap_StatementBusinessSegmentsAxis = rnr_SpecialtyReinsuranceSegmentMember | 76,813 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1 / us-gaap_StatementBusinessSegmentsAxis = rnr_SpecialtyReinsuranceSegmentMember
Lloyd's |  |  |
Net incurred related to: |  |  |
Current year | 130,066 us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = rnr_LloydsSegmentMember | 103,949 us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = rnr_LloydsSegmentMember | 96,444 us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = rnr_LloydsSegmentMember
Prior years | (16,241)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = rnr_LloydsSegmentMember | (8,256)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = rnr_LloydsSegmentMember | (16,202)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = rnr_LloydsSegmentMember
Total net incurred | 113,825 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1 / us-gaap_StatementBusinessSegmentsAxis = rnr_LloydsSegmentMember | 95,693 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1 / us-gaap_StatementBusinessSegmentsAxis = rnr_LloydsSegmentMember | 80,242 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1 / us-gaap_StatementBusinessSegmentsAxis = rnr_LloydsSegmentMember
Other |  |  |
Net incurred related to: |  |  |
Current year | 0 us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = us-gaap_AllOtherSegmentsMember | 0 us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = us-gaap_AllOtherSegmentsMember | 0 us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = us-gaap_AllOtherSegmentsMember
Prior years | (6,137)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = us-gaap_AllOtherSegmentsMember | 450 us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = us-gaap_AllOtherSegmentsMember | 2,947 us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense / us-gaap_StatementBusinessSegmentsAxis = us-gaap_AllOtherSegmentsMember
Total net incurred | $ (6,137)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1 / us-gaap_StatementBusinessSegmentsAxis = us-gaap_AllOtherSegmentsMember | $ 450 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1 / us-gaap_StatementBusinessSegmentsAxis = us-gaap_AllOtherSegmentsMember | $ 2,947 us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1 / us-gaap_StatementBusinessSegmentsAxis = us-gaap_AllOtherSegmentsMember

X
- Definition The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -Subparagraph (a),(b),(c) -URI http://asc.fasb.org/extlink&oid=6482485&loc=d3e14764-158437 + Details
Name: | us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of payments to settle claims incurred in the current period and related claims settlement costs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6482485&loc=d3e14764-158437 + Details
Name: | us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of payments to settle claims incurred in prior periods and related claims settlement costs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6482485&loc=d3e14764-158437 + Details
Name: | us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of expense for claims incurred and costs incurred in the claim settlement process. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6482485&loc=d3e14764-158437 + Details
Name: | us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Liability as of the balance sheet date for amounts representing estimated cost of settling unpaid claims under the terms of the underlying insurance policies, less estimated reinsurance recoveries on such claims. This includes an estimate for claims which have been incurred but not reported. Claim adjustment expenses represent the costs estimated to be incurred in the settlement of unpaid claims. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6482485&loc=d3e14764-158437 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Financial Reporting Release (FRR) -Number 403 -Paragraph 04 -Subparagraph b Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13 -Subparagraph a -Article 7 + Details
Name: | us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of payments to settle insured claims and pay costs incurred in the claims settlement process. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 25 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3536-108585 + Details
Name: | us-gaap_PaymentsForLossesAndLossAdjustmentExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount after valuation allowance recoverable including premium paid under reinsurance contracts. Examples include, but are not limited to, settled and unsettled claims, incurred but not reported losses, loss adjustment expense, premium paid, policy benefits and policy reserves. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 6 -Article 7 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6480758&loc=d3e6824-158387 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.(a),6) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
Name: | us-gaap_ReinsuranceRecoverables
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of expense for claims incurred in the current reporting period and related claims settlement costs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 235 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-18) -URI http://asc.fasb.org/extlink&oid=34713774&loc=d3e575016-122915 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 18 -Article 12 + Details
Name: | us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of expense for claims incurred in prior reporting periods and related claims settlement costs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 235 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-18) -URI http://asc.fasb.org/extlink&oid=34713774&loc=d3e575016-122915 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 18 -Article 12 + Details
Name: | us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=rnr_CatastropheReinsuranceSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=rnr_LloydsSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=rnr_SpecialtyReinsuranceSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=us-gaap_AllOtherSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |