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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income (loss) attributable to common shareholders $ 253,320 $ (819,279)
Noncontrolling interest in subsidiaries' earnings 2 33
Net income (loss) 253,322 (819,246)
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 820 780
Amortization of bond premium and discount (64,542) (35,439)
Reorganization items 2,461 24,805
Share-based compensation   108
Current income taxes 300 2,350
Deferred acquisition costs 4,509 2,903
Unearned premiums, net (146,928) (171,593)
Losses and loss expenses, net 9,785 921,429
Ceded premiums payable (15,912) (7,202)
Investment income due and accrued 5,497 5,351
Premium receivables 110,943 131,676
Accrued interest payable 26,684 24,679
Net mark-to-market gains 10,476 14,226
Net realized investment gains (392) (2,450)
Other-than-temporary impairment charges 3,071 1,713
Variable interest entity activities (15,220) 6,125
Other, net (144,524) (17,400)
Net cash provided by operating activities 40,350 82,815
Cash flows from investing activities:    
Proceeds from sales of bonds 35,024 93,191
Proceeds from matured bonds 208,133 202,806
Purchases of bonds (182,008) (205,418)
Change in short-term investments (110,751) (83,629)
Loans, net (247) (230)
Change in swap collateral receivable 41,046 (104)
Other, net 85 787
Net cash (used in) provided by investing activities (8,718) 7,403
Cash flows from financing activities:    
Paydown of variable interest entity secured borrowing (7,280)  
Proceeds from issuance of investment and repurchase agreements   24
Payments for investment and repurchase agreement draws (420) (89,673)
Net cash collateral received   (2,440)
Net cash used in financing activities (7,700) (92,089)
Net cash flow 23,932 (1,871)
Cash at January 1 15,999 9,497
Cash at March 31 39,931 7,626
Supplemental disclosure of cash flow information:    
Income taxes      
Interest on variable interest entity secured borrowing 429  
Interest on investment agreements 3,072 3,656
Cash receipts and payments related to reorganization items:    
Professional fees paid for services rendered in connection with the Chapter 11 proceeding $ 1,641 $ 5,457