|
FAIR VALUE MEASUREMENTS (DETAILS 2) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | 12 Months Ended | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2013
Level 3 [Member]
ABS - CLO Debt [Member]
|
Dec. 31, 2013
Level 3 [Member]
Other Investments - CLO-Equities [Member]
|
Dec. 31, 2013
Discounted cash flow [Member]
Level 3 [Member]
ABS - CLO Debt [Member]
|
Dec. 31, 2013
Discounted cash flow [Member]
Level 3 [Member]
Other Investments - CLO-Equities [Member]
|
Dec. 31, 2013
Broker-dealer quote [Member]
Level 3 [Member]
ABS - CLO Debt [Member]
|
Dec. 31, 2013
Net asset value [Member]
Level 3 [Member]
Other Investments - CLO-Equities [Member]
|
Dec. 31, 2013
Simulation model [Member]
Level 3 [Member]
Weather Related Derivative [Member]
|
Dec. 31, 2013
Minimum [Member]
Discounted cash flow [Member]
Level 3 [Member]
ABS - CLO Debt [Member]
|
Dec. 31, 2013
Minimum [Member]
Discounted cash flow [Member]
Level 3 [Member]
Other Investments - CLO-Equities [Member]
|
Dec. 31, 2013
Minimum [Member]
Simulation model [Member]
Level 3 [Member]
Weather Related Derivative [Member]
|
Dec. 31, 2013
Maximum [Member]
Discounted cash flow [Member]
Level 3 [Member]
ABS - CLO Debt [Member]
|
Dec. 31, 2013
Maximum [Member]
Discounted cash flow [Member]
Level 3 [Member]
Other Investments - CLO-Equities [Member]
|
Dec. 31, 2013
Maximum [Member]
Simulation model [Member]
Level 3 [Member]
Weather Related Derivative [Member]
|
Dec. 31, 2013
Weighted Average [Member]
Discounted cash flow [Member]
Level 3 [Member]
ABS - CLO Debt [Member]
|
Dec. 31, 2013
Weighted Average [Member]
Discounted cash flow [Member]
Level 3 [Member]
Other Investments - CLO-Equities [Member]
|
|
| Fair Value Inputs Assets Quantitative Information [Line Items] | |||||||||||||||||
| Fixed maturities | $ 11,986,327 | $ 11,928,049 | $ 30,799 | $ 29,944 | $ 855 | ||||||||||||
| Other investments | 1,045,810 | 843,437 | 73,866 | 39,706 | 34,160 | ||||||||||||
| Net derivative assets | $ 169 | ||||||||||||||||
| Credit spread | 3.30% | 4.60% | 3.70% | ||||||||||||||
| Illiquidity discount | 5.00% | 5.00% | |||||||||||||||
| Default rates | 4.00% | 5.00% | 4.40% | ||||||||||||||
| Loss severity rate | 53.50% | 53.50% | |||||||||||||||
| Collateral spreads | 2.60% | 3.40% | 3.30% | ||||||||||||||
| Estimated maturity dates (years) | 2 years 37 days | 4 years 219 days | 4 years 73 days | ||||||||||||||
| Weather curve | 525 | 4,750 | |||||||||||||||
| Weather standard deviation | 94 | 290 | |||||||||||||||