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FAIR VALUE MEASUREMENTS (DETAILS 3) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014
Fixed Maturities [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | $ 65,018 | $ 34,816 | $ 73,631 | $ 34,817
Transfers into Level 3 | 0 | 52,834 | 5,072 | 52,962
Transfers out of Level 3 | (9,902) | 0 | (49,753) | 0
Included in earnings | (2) | 0 | (2) | 0
Included in OCI | 81 | 851 | 286 | 986
Purchases | 22,821 | 0 | 54,445 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (4,867) | (13,346) | (10,530) | (13,610)
Balance at end of period | 73,149 | 75,155 | 73,149 | 75,155
Change in unrealized investment gain/loss relating to assets held at the reporting date | 0 | 0 | 0 | 0
Other Investments [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 692,178 | 601,381 | 617,844 | 557,055
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | (32,255) | 0 | (32,255)
Included in earnings | (23,338) | 2,151 | 16,660 | 35,324
Included in OCI | 0 | 0 | 0 | 0
Purchases | 7,110 | 22,760 | 61,591 | 60,272
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (32,470) | (8,577) | (52,615) | (34,936)
Balance at end of period | 643,480 | 585,460 | 643,480 | 585,460
Change in unrealized investment gain/loss relating to assets held at the reporting date | (23,338) | 2,012 | 16,660 | 35,185
Other Assets [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 25,077 | 0 | 111 | 984
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 210 | 228 | (780) | 5,239
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 25,000 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (240) | 0 | 716 | (5,995)
Balance at end of period | 25,047 | 228 | 25,047 | 228
Change in unrealized investment gain/loss relating to assets held at the reporting date | 210 | 228 | 47 | 228
Total Assets [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 782,273 | 636,197 | 691,586 | 592,856
Transfers into Level 3 | 0 | 52,834 | 5,072 | 52,962
Transfers out of Level 3 | (9,902) | (32,255) | (49,753) | (32,255)
Included in earnings | (23,130) | 2,379 | 15,878 | 40,563
Included in OCI | 81 | 851 | 286 | 986
Purchases | 29,931 | 22,760 | 141,036 | 60,272
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (37,577) | (21,923) | (62,429) | (54,541)
Balance at end of period | 741,676 | 660,843 | 741,676 | 660,843
Change in unrealized investment gain/loss relating to assets held at the reporting date | (23,128) | 2,240 | 16,707 | 35,413
Total Liabilities [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 818 | 750 | 15,288 | 815
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | (331) | (272) | (12,053) | 624
Included in OCI | 0 | 0 | 0 | 0
Purchases | 6,475 | 7,587 | 8,698 | 8,427
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | 0 | (419) | (4,971) | (2,220)
Balance at end of period | 6,962 | 7,646 | 6,962 | 7,646
Change in unrealized investment gain/loss relating to assets held at the reporting date | (331) | 59 | (318) | 59
Corporate Debt [Member] | Fixed Maturities [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 43,008 | 0 | 15,837 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | (2) | 0 | (2) | 0
Included in OCI | 300 | 0 | 724 | 0
Purchases | 22,821 | 0 | 54,445 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (4,403) | 0 | (9,280) | 0
Balance at end of period | 61,724 | 0 | 61,724 | 0
Change in unrealized investment gain/loss relating to assets held at the reporting date | 0 | 0 | 0 | 0
CMBS [Member] | Fixed Maturities [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 21,900 | 3,933 | 17,763 | 4,018
Transfers into Level 3 | 0 | 10,795 | 5,072 | 10,795
Transfers out of Level 3 | (9,902) | 0 | (9,902) | 0
Included in earnings | 0 | 0 | 0 | 0
Included in OCI | (219) | (31) | (543) | (74)
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (461) | (77) | (1,072) | (119)
Balance at end of period | 11,318 | 14,620 | 11,318 | 14,620
Change in unrealized investment gain/loss relating to assets held at the reporting date | 0 | 0 | 0 | 0
ABS [Member] | Fixed Maturities [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 110 | 30,883 | 40,031 | 30,799
Transfers into Level 3 | 0 | 42,039 | 0 | 42,167
Transfers out of Level 3 | 0 | 0 | (39,851) | 0
Included in earnings | 0 | 0 | 0 | 0
Included in OCI | 0 | 882 | 105 | 1,060
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (3) | (13,269) | (178) | (13,491)
Balance at end of period | 107 | 60,535 | 107 | 60,535
Change in unrealized investment gain/loss relating to assets held at the reporting date | 0 | 0 | 0 | 0
Hedge Funds [Member] | Other Investments [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 524,736 | 476,808 | 470,918 | 461,055
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | (32,255) | 0 | (32,255)
Included in earnings | (20,606) | (4,205) | 6,688 | 16,718
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 6,000 | 32,000 | 13,500
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (25,000) | (1,857) | (30,476) | (14,527)
Balance at end of period | 479,130 | 444,491 | 479,130 | 444,491
Change in unrealized investment gain/loss relating to assets held at the reporting date | (20,606) | (4,344) | 6,688 | 16,579
Direct Lending Funds [Member] | Other Investments [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 73,628 | 33,467 | 54,438 | 22,134
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 2,337 | 627 | 3,844 | 1,546
Included in OCI | 0 | 0 | 0 | 0
Purchases | 4,610 | 10,086 | 24,091 | 20,831
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (1,292) | (344) | (3,090) | (675)
Balance at end of period | 79,283 | 43,836 | 79,283 | 43,836
Change in unrealized investment gain/loss relating to assets held at the reporting date | 2,337 | 627 | 3,844 | 1,546
Real Estate Funds [Member] | Other Investments [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 3,000 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | (1,131) | 0 | (1,131) | 0
Included in OCI | 0 | 0 | 0 | 0
Purchases | 2,500 | 0 | 5,500 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | 0 | 0 | 0 | 0
Balance at end of period | 4,369 | 0 | 4,369 | 0
Change in unrealized investment gain/loss relating to assets held at the reporting date | (1,131) | 0 | (1,131) | 0
CLO-Equities [Member] | Other Investments [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 90,814 | 91,106 | 92,488 | 73,866
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | (3,938) | 5,729 | 7,259 | 17,060
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 6,674 | 0 | 25,941
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (6,178) | (6,376) | (19,049) | (19,734)
Balance at end of period | 80,698 | 97,133 | 80,698 | 97,133
Change in unrealized investment gain/loss relating to assets held at the reporting date | (3,938) | 5,729 | 7,259 | 17,060
Derivative [Member] | Other Assets [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 240 | 0 | 111 | 984
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 35 | 228 | (792) | 5,239
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (240) | 0 | 716 | (5,995)
Balance at end of period | 35 | 228 | 35 | 228
Change in unrealized investment gain/loss relating to assets held at the reporting date | 35 | 228 | 35 | 228
Derivative [Member] | Other Liabilities [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 818 | 750 | 15,288 | 815
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | (331) | (272) | (12,053) | 624
Included in OCI | 0 | 0 | 0 | 0
Purchases | 6,475 | 7,587 | 8,698 | 8,427
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | 0 | (419) | (4,971) | (2,220)
Balance at end of period | 6,962 | 7,646 | 6,962 | 7,646
Change in unrealized investment gain/loss relating to assets held at the reporting date | (331) | 59 | (318) | 59
Insurance-linked securities [Member] | Other Assets [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 24,837 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 175 | 0 | 12 | 0
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 25,000 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | 0 | 0 | 0 | 0
Balance at end of period | 25,012 | 0 | 25,012 | 0
Change in unrealized investment gain/loss relating to assets held at the reporting date | $ 175 | $ 0 | $ 12 | $ 0

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