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RESERVE FOR LOSSES AND LOSS EXPENSES (DETAILS) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Insurance Loss Reserves [Abstract]        
Reserve for reported losses and loss expenses $ 3,285,675us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseReportedClaimsAmount $ 3,499,817us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseReportedClaimsAmount    
Reserve for losses incurred but not reported 6,311,122us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredButNotReportedIBNRClaimsAmount 6,082,323us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredButNotReportedIBNRClaimsAmount    
Reserve for losses and loss expenses $ 9,596,797us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense $ 9,582,140us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense $ 9,058,731us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense $ 8,425,045us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense