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FAIR VALUE MEASUREMENTS (DETAILS 2) (USD $)
In Thousands, unless otherwise specified
9 Months Ended 9 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Sep. 30, 2014
Level 3 [Member]
ABS - CLO Debt [Member]
Sep. 30, 2014
Level 3 [Member]
Other Investments - CLO-Equities [Member]
Sep. 30, 2014
Discounted cash flow [Member]
Level 3 [Member]
ABS - CLO Debt [Member]
Sep. 30, 2014
Discounted cash flow [Member]
Level 3 [Member]
Other Investments - CLO-Equities [Member]
Sep. 30, 2014
Broker-dealer quote [Member]
Level 3 [Member]
ABS - CLO Debt [Member]
Sep. 30, 2014
Net asset value [Member]
Level 3 [Member]
Other Investments - CLO-Equities [Member]
Sep. 30, 2014
Simulation model [Member]
Level 3 [Member]
Weather Related Derivative [Member]
Sep. 30, 2014
Minimum [Member]
Discounted cash flow [Member]
Level 3 [Member]
Other Investments - CLO-Equities [Member]
Sep. 30, 2014
Minimum [Member]
Simulation model [Member]
Level 3 [Member]
Weather Related Derivative [Member]
Sep. 30, 2014
Maximum [Member]
Discounted cash flow [Member]
Level 3 [Member]
Other Investments - CLO-Equities [Member]
Sep. 30, 2014
Maximum [Member]
Simulation model [Member]
Level 3 [Member]
Weather Related Derivative [Member]
Sep. 30, 2014
Weighted Average [Member]
Discounted cash flow [Member]
Level 3 [Member]
ABS - CLO Debt [Member]
Sep. 30, 2014
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 $ 12,444,684 $ 11,986,327 $ 60,535   $ 17,810   $ 42,725                
Other investments 946,836 1,045,810   97,133   37,420   59,713              
Net derivative assets                 $ (7,418)            
Credit spread         3.40%                 3.40%  
Illiquidity discount         5.00%                 5.00%  
Default rates                   4.00%   5.00%     4.30%
Loss severity rate           53.50%                 53.50%
Collateral spreads                   2.60%   3.50%     3.30%
Estimated maturity dates (years)                   3 years 2 months 5 days   4 years 4 months 13 days     3 years 10 months 24 days
Weather curve                     33   2,930    
Weather standard deviation                     3   305