XML 36 R76.htm IDEA: XBRL DOCUMENT v2.4.1.9
Loss and loss adjustment expense reserves - Schedule of activity in the reserve for losses and loss adjustment expenses (Details) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended 12 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Dec. 31, 2013
Dec. 31, 2012
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]        
Gross reserves for loss and loss adjustment expenses, beginning of year $ 134,331us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross $ 67,271us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross $ 67,271us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross $ 0us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross
Less: loss and loss adjustment expenses recoverable, beginning of year 9,277us-gaap_ReinsuranceRecoverables 0us-gaap_ReinsuranceRecoverables 0us-gaap_ReinsuranceRecoverables 0us-gaap_ReinsuranceRecoverables
Net reserves for loss and loss adjustment expenses, beginning of year 125,054us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet 67,271us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet 67,271us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet 0us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
Increase (decrease) in net loss and loss adjustment expenses incurred in respect of losses occurring in:        
Current year 149,325us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsCurrentYear 107,279us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsCurrentYear 144,509us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsCurrentYear 80,306us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsCurrentYear
Prior years' 1,458us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears (3,600)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears (4,697)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears 0us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
Total incurred loss and loss adjustment expenses 150,783us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims 103,679us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims 139,812us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims 80,306us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
Net loss and loss adjustment expenses paid in respect of losses occurring in:        
Current year (41,538)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear (14,951)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear (27,528)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear (13,035)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear
Prior years' (48,398)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears (18,576)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears (54,501)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears 0us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears
Total net paid losses (89,936)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaid (33,527)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaid (82,029)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaid (13,035)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaid
Net reserve for loss and loss adjustment expenses, end of year (185,901)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet (137,423)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet 125,054us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet 67,271us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
Plus: loss and loss adjustment expenses recoverable, end of year 1,412us-gaap_ReinsuranceRecoverables 6,284us-gaap_ReinsuranceRecoverables 9,277us-gaap_ReinsuranceRecoverables 0us-gaap_ReinsuranceRecoverables
Gross reserve for loss and loss adjustment expenses, end of year 187,313us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross 143,707us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross 134,331us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross 67,271us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross
Favorable Loss Experience on Several Contracts        
Increase (decrease) in net loss and loss adjustment expenses incurred in respect of losses occurring in:        
Prior years' 900us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
/ us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAdjustmentOfOpeningBalanceAxis
= tpre_FavorableLossExperienceonSeveralContractsMember		   (1,300)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
/ us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAdjustmentOfOpeningBalanceAxis
= tpre_FavorableLossExperienceonSeveralContractsMember		  
Premium Estimate Decreases Related to One Crop Contract        
Increase (decrease) in net loss and loss adjustment expenses incurred in respect of losses occurring in:        
Prior years' 600us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
/ us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAdjustmentOfOpeningBalanceAxis
= tpre_PremiumEstimateDecreasesRelatedtoOneCropContractMember		   (3,400)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
/ us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAdjustmentOfOpeningBalanceAxis
= tpre_PremiumEstimateDecreasesRelatedtoOneCropContractMember		  
Decrease in Reserve [Member]        
Increase (decrease) in net loss and loss adjustment expenses incurred in respect of losses occurring in:        
Prior years'     $ (3,600)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
/ us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAdjustmentOfOpeningBalanceAxis
= tpre_DecreaseinReserveMember