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Segment Reporting | 12 Months Ended
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Dec. 31, 2016
Segment Reporting, Measurement Disclosures [Abstract] |
Segment Reporting | SEGMENT REPORTING The Company continually monitors and reviews its segment reporting structure in accordance with authoritative guidance to determine whether any changes have occurred that would impact its reportable segments. As a result of the evolution of the Company following its acquisition of Platinum, the integration of Platinum’s activities within the Company, the growth of the Company’s casualty and specialty lines of business, the current management structure including recent management changes and current underwriting platforms, the Company has changed its reportable segments to “Property” and “Casualty and Specialty”. Comparative segment reporting information has been reclassified to conform to the current presentation, however the change in reportable segments had no impact on the Company’s historical consolidated financial positions, results of operations or cash flows, as previously reported. The Company’s reportable segments are defined as follows: (1) Property, which is comprised of catastrophe and other property reinsurance and insurance written on behalf of the Company’s operating subsidiaries and certain joint ventures managed by the Company’s ventures unit, and (2) Casualty and Specialty, which is comprised of casualty and specialty reinsurance and insurance written on behalf of the Company’s operating subsidiaries and certain joint ventures managed by the Company’s ventures unit. In addition to its reportable segments, the Company has an Other category, which primarily includes its strategic investments, investments unit, corporate expenses, capital servicing costs, noncontrolling interests, certain expenses related to the acquisition of Platinum, and the remnants of its former Bermuda-based insurance operations. The Company’s Property segment is managed by the Chief Underwriting Officer - Property and the Casualty and Specialty segment is managed by the Chief Underwriting Officer - Casualty and Specialty. Each of the Chief Underwriting Officer - Property and Chief Underwriting Officer - Casualty and Specialty operate under the direction of the Company’s Group Chief Underwriting Officer, who in turn reports to the Company’s President and Chief Executive Officer. The underwriting results of Platinum are included in the Company’s Property and Casualty and Specialty segments from March 2, 2015, as appropriate. The Company does not manage its assets by segment; accordingly, net investment income and total assets are not allocated to the segments. A summary of the significant components of the Company’s revenues and expenses is as follows:
| Year ended December 31, 2016 | Property |  | Casualty and Specialty |  | Other |  | Total |
| Gross premiums written | $ | 1,111,263 |  |  | $ | 1,263,313 |  |  | $ | — |  |  | $ | 2,374,576 |  |
| Net premiums written | $ | 725,321 |  |  | $ | 809,848 |  |  | $ | 143 |  |  | $ | 1,535,312 |  |
| Net premiums earned | $ | 720,951 |  |  | $ | 682,337 |  |  | $ | 142 |  |  | $ | 1,403,430 |  |
| Net claims and claim expenses incurred | 151,545 |  |  | 380,396 |  |  | (1,110 | ) |  | 530,831 |  |
| Acquisition expenses | 97,594 |  |  | 191,729 |  |  | — |  |  | 289,323 |  |
| Operational expenses | 108,642 |  |  | 88,984 |  |  | 123 |  |  | 197,749 |  |
| Underwriting income | $ | 363,170 |  |  | $ | 21,228 |  |  | $ | 1,129 |  |  | 385,527 |  |
| Net investment income |  |  |  |  | 181,726 |  |  | 181,726 |  |
| Net foreign exchange losses |  |  |  |  | (13,788 | ) |  | (13,788 | ) |
| Equity in earnings of other ventures |  |  |  |  | 963 |  |  | 963 |  |
| Other income |  |  |  |  | 14,178 |  |  | 14,178 |  |
| Net realized and unrealized gains on investments |  |  |  |  | 141,328 |  |  | 141,328 |  |
| Corporate expenses |  |  |  |  | (37,402 | ) |  | (37,402 | ) |
| Interest expense |  |  |  |  | (42,144 | ) |  | (42,144 | ) |
| Income before taxes and redeemable noncontrolling interests |  |  |  |  |  |  | 630,388 |  |
| Income tax expense |  |  |  |  | (340 | ) |  | (340 | ) |
| Net income attributable to redeemable noncontrolling interests |  |  |  |  | (127,086 | ) |  | (127,086 | ) |
| Dividends on preference shares |  |  |  |  | (22,381 | ) |  | (22,381 | ) |
| Net income available to RenaissanceRe common shareholders |  |  |  |  |  |  | $ | 480,581 |  |
| Net claims and claim expenses incurred – current accident year | $ | 256,421 |  |  | $ | 438,536 |  |  | $ | — |  |  | $ | 694,957 |  |
| Net claims and claim expenses incurred – prior accident years | (104,876 | ) |  | (58,140 | ) |  | (1,110 | ) |  | (164,126 | ) |
| Net claims and claim expenses incurred – total | $ | 151,545 |  |  | $ | 380,396 |  |  | $ | (1,110 | ) |  | $ | 530,831 |  |
| Net claims and claim expense ratio – current accident year | 35.6 | % |  | 64.3 | % |  |  |  | 49.5 | % |
| Net claims and claim expense ratio – prior accident years | (14.6 | )% |  | (8.6 | )% |  |  |  | (11.7 | )% |
| Net claims and claim expense ratio – calendar year | 21.0 | % |  | 55.7 | % |  |  |  | 37.8 | % |
| Underwriting expense ratio | 28.6 | % |  | 41.2 | % |  |  |  | 34.7 | % |
| Combined ratio | 49.6 | % |  | 96.9 | % |  |  |  | 72.5 | % |
| Year ended December 31, 2015 | Property |  | Casualty and Specialty |  | Other |  | Total |
| Gross premiums written | $ | 1,072,159 |  |  | $ | 939,241 |  |  | $ | (90 | ) |  | $ | 2,011,310 |  |
| Net premiums written | $ | 726,145 |  |  | $ | 690,086 |  |  | $ | (48 | ) |  | $ | 1,416,183 |  |
| Net premiums earned | $ | 805,985 |  |  | $ | 594,614 |  |  | $ | (48 | ) |  | $ | 1,400,551 |  |
| Net claims and claim expenses incurred | 128,290 |  |  | 320,818 |  |  | (870 | ) |  | 448,238 |  |
| Acquisition expenses | 94,249 |  |  | 144,095 |  |  | 248 |  |  | 238,592 |  |
| Operational expenses | 118,666 |  |  | 100,180 |  |  | 266 |  |  | 219,112 |  |
| Underwriting income | $ | 464,780 |  |  | $ | 29,521 |  |  | $ | 308 |  |  | 494,609 |  |
| Net investment income |  |  |  |  | 152,567 |  |  | 152,567 |  |
| Net foreign exchange losses |  |  |  |  | (3,051 | ) |  | (3,051 | ) |
| Equity in earnings of other ventures |  |  |  |  | 20,481 |  |  | 20,481 |  |
| Other income |  |  |  |  | 13,472 |  |  | 13,472 |  |
| Net realized and unrealized losses on investments |  |  |  |  | (68,918 | ) |  | (68,918 | ) |
| Corporate expenses |  |  |  |  | (76,514 | ) |  | (76,514 | ) |
| Interest expense |  |  |  |  | (36,270 | ) |  | (36,270 | ) |
| Income before taxes and redeemable noncontrolling interests |  |  |  |  |  |  | 496,376 |  |
| Income tax benefit |  |  |  |  | 45,866 |  |  | 45,866 |  |
| Net income attributable to redeemable noncontrolling interests |  |  |  |  | (111,050 | ) |  | (111,050 | ) |
| Dividends on preference shares |  |  |  |  | (22,381 | ) |  | (22,381 | ) |
| Net income available to RenaissanceRe common shareholders |  |  |  |  |  |  | $ | 408,811 |  |
| Net claims and claim expenses incurred – current accident year | $ | 222,076 |  |  | $ | 388,609 |  |  | $ | — |  |  | $ | 610,685 |  |
| Net claims and claim expenses incurred – prior accident years | (93,786 | ) |  | (67,791 | ) |  | (870 | ) |  | (162,447 | ) |
| Net claims and claim expenses incurred – total | $ | 128,290 |  |  | $ | 320,818 |  |  | $ | (870 | ) |  | $ | 448,238 |  |
| Net claims and claim expense ratio – current accident year | 27.6 | % |  | 65.4 | % |  |  |  | 43.6 | % |
| Net claims and claim expense ratio – prior accident years | (11.7 | )% |  | (11.4 | )% |  |  |  | (11.6 | )% |
| Net claims and claim expense ratio – calendar year | 15.9 | % |  | 54.0 | % |  |  |  | 32.0 | % |
| Underwriting expense ratio | 26.4 | % |  | 41.0 | % |  |  |  | 32.7 | % |
| Combined ratio | 42.3 | % |  | 95.0 | % |  |  |  | 64.7 | % |
| Year ended December 31, 2014 | Property |  | Casualty and Specialty |  | Other |  | Total |
| Gross premiums written | $ | 1,074,890 |  |  | $ | 475,373 |  |  | $ | 309 |  |  | $ | 1,550,572 |  |
| Net premiums written | $ | 662,552 |  |  | $ | 405,340 |  |  | $ | 344 |  |  | $ | 1,068,236 |  |
| Net premiums earned | $ | 698,416 |  |  | $ | 363,632 |  |  | $ | 368 |  |  | $ | 1,062,416 |  |
| Net claims and claim expenses incurred | 16,643 |  |  | 187,441 |  |  | (6,137 | ) |  | 197,947 |  |
| Acquisition expenses | 66,262 |  |  | 84,762 |  |  | (6,548 | ) |  | 144,476 |  |
| Operational expenses | 117,943 |  |  | 72,393 |  |  | 303 |  |  | 190,639 |  |
| Underwriting income | $ | 497,568 |  |  | $ | 19,036 |  |  | $ | 12,750 |  |  | 529,354 |  |
| Net investment income |  |  |  |  | 124,316 |  |  | 124,316 |  |
| Net foreign exchange gains |  |  |  |  | 6,260 |  |  | 6,260 |  |
| Equity in earnings of other ventures |  |  |  |  | 26,075 |  |  | 26,075 |  |
| Other loss |  |  |  |  | (423 | ) |  | (423 | ) |
| Net realized and unrealized gains on investments |  |  |  |  | 41,433 |  |  | 41,433 |  |
| Corporate expenses |  |  |  |  | (22,749 | ) |  | (22,749 | ) |
| Interest expense |  |  |  |  | (17,402 | ) |  | (17,402 | ) |
| Income before taxes and redeemable noncontrolling interests |  |  |  |  |  |  | 686,864 |  |
| Income tax expense |  |  |  |  | (608 | ) |  | (608 | ) |
| Net income attributable to redeemable noncontrolling interests |  |  |  |  | (153,538 | ) |  | (153,538 | ) |
| Dividends on preference shares |  |  |  |  | (22,381 | ) |  | (22,381 | ) |
| Net income available to RenaissanceRe common shareholders |  |  |  |  |  |  | $ | 510,337 |  |
| Net claims and claim expenses incurred – current accident year | $ | 103,901 |  |  | $ | 237,844 |  |  | $ | — |  |  | $ | 341,745 |  |
| Net claims and claim expenses incurred – prior accident years | (87,258 | ) |  | (50,403 | ) |  | (6,137 | ) |  | (143,798 | ) |
| Net claims and claim expenses incurred – total | $ | 16,643 |  |  | $ | 187,441 |  |  | $ | (6,137 | ) |  | $ | 197,947 |  |
| Net claims and claim expense ratio – current accident year | 14.9 | % |  | 65.4 | % |  |  |  | 32.2 | % |
| Net claims and claim expense ratio – prior accident years | (12.5 | )% |  | (13.9 | )% |  |  |  | (13.6 | )% |
| Net claims and claim expense ratio – calendar year | 2.4 | % |  | 51.5 | % |  |  |  | 18.6 | % |
| Underwriting expense ratio | 26.4 | % |  | 43.3 | % |  |  |  | 31.6 | % |
| Combined ratio | 28.8 | % |  | 94.8 | % |  |  |  | 50.2 | % |
The following is a summary of the Company’s gross premiums written allocated to the territory of coverage exposure:
| Year ended December 31, | 2016 |  | 2015 |  | 2014 |
| Property |  |  |  |  |  |
| U.S. and Caribbean | $ | 743,226 |  |  | $ | 671,887 |  |  | $ | 635,069 |  |
| Worldwide | 210,168 |  |  | 234,801 |  |  | 210,441 |  |
| Worldwide (excluding U.S.) (1) | 55,043 |  |  | 76,370 |  |  | 137,466 |  |
| Japan | 44,536 |  |  | 32,830 |  |  | 33,967 |  |
| Europe | 37,611 |  |  | 32,973 |  |  | 33,115 |  |
| Australia and New Zealand | 13,729 |  |  | 15,869 |  |  | 22,746 |  |
| Other | 6,950 |  |  | 7,429 |  |  | 2,086 |  |
| Total Property | 1,111,263 |  |  | 1,072,159 |  |  | 1,074,890 |  |
| Casualty and Specialty |  |  |  |  |  |
| U.S. and Caribbean | 757,052 |  |  | 522,778 |  |  | 228,062 |  |
| Worldwide | 471,301 |  |  | 320,452 |  |  | 226,652 |  |
| Worldwide (excluding U.S.) (1) | 13,840 |  |  | 87,597 |  |  | 6,946 |  |
| Europe | 5,541 |  |  | 936 |  |  | 238 |  |
| Australia and New Zealand | 5,073 |  |  | 1,627 |  |  | 7,865 |  |
| Other | 10,506 |  |  | 5,851 |  |  | 5,610 |  |
| Total Casualty and Specialty | 1,263,313 |  |  | 939,241 |  |  | 475,373 |  |
| Other category | — |  |  | (90 | ) |  | 309 |  |
| Total gross premiums written | $ | 2,374,576 |  |  | $ | 2,011,310 |  |  | $ | 1,550,572 |  |
(1) | The category “Worldwide (excluding U.S.)” consists of contracts that cover more than one geographic region (other than the U.S.).

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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