XML 35 R24.htm IDEA: XBRL DOCUMENT v3.4.0.3

RESERVE FOR LOSSES AND LOSS EXPENSES (TABLES)

3 Months Ended

Mar. 31, 2016

Insurance Loss Reserves [Abstract]

RECONCILIATION OF BEGINNING AND ENDING GROSS RESERVE FOR LOSSES AND LOSS EXPENSES AND NET RESERVE FOR UNPAID LOSSES AND LOSS EXPENSES

The following table presents a reconciliation of our beginning and ending gross reserve for losses and loss expenses and net reserve for unpaid losses and loss expenses for the periods indicated:

	Three months ended March 31,	2016				2015
	Gross reserve for losses and loss expenses, beginning of period	$	9,646,285			$	9,596,797
	Less reinsurance recoverable on unpaid losses, beginning of period	(2,031,309		)		(1,890,280		)
	Net reserve for unpaid losses and loss expenses, beginning of period	7,614,976				7,706,517
	Net incurred losses and loss expenses related to:
	Current year	569,356				568,394
	Prior years	(70,394		)		(56,066		)
		498,962				512,328
	Net paid losses and loss expenses related to:
	Current year	(21,740		)		(23,527		)
	Prior years	(534,532		)		(474,030		)
		(556,272		)		(497,557		)
	Foreign exchange and other	87,420				(198,705		)
	Net reserve for unpaid losses and loss expenses, end of period	7,645,086				7,522,583
	Reinsurance recoverable on unpaid losses, end of period	2,071,401				1,920,639
	Gross reserve for losses and loss expenses, end of period	$	9,716,487			$	9,443,222

NET PRIOR YEAR RESERVE DEVELOPMENT BY SEGMENT

Prior year reserve development arises from changes to loss and loss expense estimates recognized in the current year but relating to losses incurred in previous calendar years. Such development is summarized by segment in the following table:

		Three months ended March 31,
		2016				2015
	Insurance	$	2,427			$	3,361
	Reinsurance	67,967				52,705
	Total	$	70,394			$	56,066

X

- Definition

Schedule showing, by segment, the provision in the period for claims incurred in prior reporting periods and related claims settlement costs.

+ References

No definition available.

+ Details

Name:	axs_ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYearsBySegmentTableTextBlock
Namespace Prefix:	axs_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_InsuranceLossReservesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 50
-Paragraph 3
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6482485&loc=d3e14764-158437

+ Details

Name:	us-gaap_ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration