XML 58 R47.htm IDEA: XBRL DOCUMENT v3.4.0.3
RESERVE FOR LOSSES AND LOSS EXPENSES (DETAILS) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Reconciliation of Beginning and Ending Gross Unpaid Losses and Loss Expenses    
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)
Net incurred losses and loss expenses 498,962 512,328
Net paid losses and loss expenses related to:    
Current year (21,740) (23,527)
Prior years (534,532) (474,030)
Net paid losses and loss expenses (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