|
FAIR VALUE MEASUREMENTS (DETAILS) (USD $) In Thousands, unless otherwise specified
|
Jun. 30, 2013
|
Dec. 31, 2012
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
$ 11,644,912 |
$ 11,928,049 |
| Equity securities |
618,795 |
666,548 |
| Other investments |
962,315 |
843,437 |
| Short-term investments |
45,904 |
108,860 |
| Derivative assets (see Note 5) |
7,792 |
5,838 |
| Derivative liabilities (see Note 5) |
9,722 |
3,737 |
|
Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
11,644,912 |
11,928,049 |
| Equity securities |
618,795 |
666,548 |
| Other investments |
962,315 |
843,437 |
| Short-term investments |
45,904 |
108,860 |
| Derivative assets (see Note 5) |
7,792 |
5,838 |
| Total assets |
13,279,718 |
13,552,732 |
| Derivative liabilities (see Note 5) |
9,722 |
3,737 |
| Cash settled awards (see Note 7) |
4,106 |
0 |
| Total liabilities |
13,828 |
3,737 |
|
US Government and Agency [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
1,338,814 |
1,422,885 |
|
US Government and Agency [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
1,338,814 |
1,422,885 |
|
Non-US Government [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
1,176,949 |
1,104,576 |
|
Non-US Government [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
1,176,949 |
1,104,576 |
|
Corporate Debt [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
3,479,916 |
3,876,382 |
|
Corporate Debt [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
3,479,916 |
3,876,382 |
|
Agency RMBS [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
2,333,624 |
2,659,908 |
|
Agency RMBS [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
2,333,624 |
2,659,908 |
|
CMBS [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
774,650 |
840,084 |
|
CMBS [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
774,650 |
840,084 |
|
Non-Agency RMBS [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
88,866 |
95,199 |
|
Non-Agency RMBS [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
88,866 |
95,199 |
|
ABS [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
911,681 |
643,206 |
|
ABS [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
911,681 |
643,206 |
|
Municipals [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
1,540,412 |
1,285,809 |
|
Municipals [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
1,540,412 |
1,285,809 |
|
Common Stock [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Equity securities |
390,180 |
443,398 |
|
Common Stock [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Equity securities |
390,180 |
443,398 |
|
Exchange-Traded Funds [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Equity securities |
119,236 |
119,161 |
|
Exchange-Traded Funds [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Equity securities |
119,236 |
119,161 |
|
Non-U.S. Bond Mutual Funds [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Equity securities |
109,379 |
103,989 |
|
Non-U.S. Bond Mutual Funds [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Equity securities |
109,379 |
103,989 |
|
Hedge Funds [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Other investments |
905,039 |
781,002 |
|
Direct Lending Funds [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Other investments |
4,232 |
0 |
|
CLO-Equities [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Other investments |
53,044 |
62,435 |
|
Level 1 [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
1,168,380 |
1,094,220 |
| Equity securities |
509,416 |
562,559 |
| Other investments |
0 |
0 |
| Short-term investments |
0 |
0 |
| Derivative assets (see Note 5) |
0 |
0 |
| Total assets |
1,677,796 |
1,656,779 |
| Derivative liabilities (see Note 5) |
0 |
0 |
| Cash settled awards (see Note 7) |
0 |
0 |
| Total liabilities |
0 |
0 |
|
Level 1 [Member] | US Government and Agency [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
1,168,380 |
1,094,220 |
|
Level 1 [Member] | Non-US Government [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
0 |
0 |
|
Level 1 [Member] | Corporate Debt [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
0 |
0 |
|
Level 1 [Member] | Agency RMBS [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
0 |
0 |
|
Level 1 [Member] | CMBS [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
0 |
0 |
|
Level 1 [Member] | Non-Agency RMBS [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
0 |
0 |
|
Level 1 [Member] | ABS [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
0 |
0 |
|
Level 1 [Member] | Municipals [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
0 |
0 |
|
Level 1 [Member] | Common Stock [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Equity securities |
390,180 |
443,398 |
|
Level 1 [Member] | Exchange-Traded Funds [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Equity securities |
119,236 |
119,161 |
|
Level 1 [Member] | Non-U.S. Bond Mutual Funds [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Equity securities |
0 |
0 |
|
Level 1 [Member] | Hedge Funds [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Other investments |
0 |
0 |
|
Level 1 [Member] | Direct Lending Funds [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Other investments |
0 |
0 |
|
Level 1 [Member] | CLO-Equities [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Other investments |
0 |
0 |
|
Level 2 [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
10,410,622 |
10,762,898 |
| Equity securities |
109,379 |
103,989 |
| Other investments |
460,819 |
421,006 |
| Short-term investments |
45,904 |
108,860 |
| Derivative assets (see Note 5) |
7,792 |
5,838 |
| Total assets |
11,034,516 |
11,402,591 |
| Derivative liabilities (see Note 5) |
9,722 |
3,737 |
| Cash settled awards (see Note 7) |
4,106 |
0 |
| Total liabilities |
13,828 |
3,737 |
|
Level 2 [Member] | US Government and Agency [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
170,434 |
328,665 |
|
Level 2 [Member] | Non-US Government [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
1,176,949 |
1,104,576 |
|
Level 2 [Member] | Corporate Debt [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
3,479,916 |
3,874,832 |
|
Level 2 [Member] | Agency RMBS [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
2,333,624 |
2,659,908 |
|
Level 2 [Member] | CMBS [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
762,865 |
835,788 |
|
Level 2 [Member] | Non-Agency RMBS [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
88,866 |
94,089 |
|
Level 2 [Member] | ABS [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
857,556 |
579,231 |
|
Level 2 [Member] | Municipals [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
1,540,412 |
1,285,809 |
|
Level 2 [Member] | Common Stock [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Equity securities |
0 |
0 |
|
Level 2 [Member] | Exchange-Traded Funds [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Equity securities |
0 |
0 |
|
Level 2 [Member] | Non-U.S. Bond Mutual Funds [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Equity securities |
109,379 |
103,989 |
|
Level 2 [Member] | Hedge Funds [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Other investments |
460,819 |
421,006 |
|
Level 2 [Member] | Direct Lending Funds [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Other investments |
0 |
0 |
|
Level 2 [Member] | CLO-Equities [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Other investments |
0 |
0 |
|
Level 3 [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
65,910 |
70,931 |
| Equity securities |
0 |
0 |
| Other investments |
501,496 |
422,431 |
| Short-term investments |
0 |
0 |
| Derivative assets (see Note 5) |
0 |
0 |
| Total assets |
567,406 |
493,362 |
| Derivative liabilities (see Note 5) |
0 |
0 |
| Cash settled awards (see Note 7) |
0 |
0 |
| Total liabilities |
0 |
0 |
|
Level 3 [Member] | US Government and Agency [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
0 |
0 |
|
Level 3 [Member] | Non-US Government [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
0 |
0 |
|
Level 3 [Member] | Corporate Debt [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
0 |
1,550 |
|
Level 3 [Member] | Agency RMBS [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
0 |
0 |
|
Level 3 [Member] | CMBS [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
11,785 |
4,296 |
|
Level 3 [Member] | Non-Agency RMBS [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
0 |
1,110 |
|
Level 3 [Member] | ABS [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
54,125 |
63,975 |
|
Level 3 [Member] | Municipals [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Fixed maturities |
0 |
0 |
|
Level 3 [Member] | Common Stock [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Equity securities |
0 |
0 |
|
Level 3 [Member] | Exchange-Traded Funds [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Equity securities |
0 |
0 |
|
Level 3 [Member] | Non-U.S. Bond Mutual Funds [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Equity securities |
0 |
0 |
|
Level 3 [Member] | Hedge Funds [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Other investments |
444,220 |
359,996 |
|
Level 3 [Member] | Direct Lending Funds [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Other investments |
4,232 |
0 |
|
Level 3 [Member] | CLO-Equities [Member] | Fair Value Measurements Recurring [Member]
|
|
|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
|
|
| Other investments |
$ 53,044 |
$ 62,435 |