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Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Premiums, fees and reimbursements received $ 122 $ 143
Investment income received 317 326
Errors and omissions insurance recoveries received 30 0
Insured derivative commutations and losses paid (401) (453)
Financial guarantee losses and loss adjustment expenses paid (181) (382)
Proceeds from recoveries and reinsurance 93 1,797
Operating and employee related expenses paid (198) (227)
Interest paid, net of interest converted to principal (136) (170)
Income taxes (paid) received 4 (1)
Net cash provided (used) by operating activities (350) 1,033
Cash flows from investing activities:    
Purchases of available-for-sale investments (1,220) (1,407)
Sales of available-for-sale investments 594 1,497
Paydowns and maturities of available-for-sale investments 379 408
Purchases of investments at fair value (457) (335)
Sales, paydowns and maturities of investments at fair value 550 462
Sales, paydowns and maturities (purchases) of short-term investments, net 318 (546)
Sales, paydowns and maturities of held-to-maturity investments 29 20
Purchases of loans at fair value (195) 0
Paydowns and maturities of loans at fair value 172 212
Consolidation of variable interest entities including cash acquired 221 0
Deconsolidation of variable interest entities (1) (26)
(Payments) proceeds for derivative settlements (23) (51)
Collateral (to) from swap counterparty 99 65
Capital expenditures (9) (2)
Net cash provided (used) by investing activities 457 297
Cash flows from financing activities:    
Proceeds from investment agreements 23 25
Principal paydowns of investment agreements (72) (218)
Principal paydowns of medium-term notes (166) (77)
Principal paydowns of variable interest entity notes (516) (1,001)
Proceeds from secured loan 0 50
Payments for retirement of debt 0 (3)
Purchases of treasury stock (23) 0
Net cash provided (used) by financing activities (754) (1,224)
Effect of exchange rate changes on cash and cash equivalents (5) 7
Net increase (decrease) in cash and cash equivalents (652) 113
Cash and cash equivalents - beginning of period 1,258 990
Cash and cash equivalents - end of period 606 1,103
Reconciliation of net income (loss) to net cash provided (used) by operating activities: [Abstract]    
Net income (loss) 549 118
Change in: [Abstract]    
Premiums receivable 92 138
Deferred acquisition costs 30 32
Unearned premium revenue (303) (392)
Loss and loss adjustment expense reserves (124) (169)
Insurance loss recoverable 119 2,802
Accrued interest payable 79 82
Realized (gains) losses and other settlements on insured derivatives 30 0
Unrealized (gains) losses on insured derivatives (863) (1,562)
Net (gains) losses on financial instruments at fair value and foreign exchange (97) (190)
Other net realized (gains) losses (28) 28
Deferred income tax provision (benefit) 49 2
Interest on variable interest entities, net 56 65
Other operating 61 79
Total adjustments to net income (loss) (899) 915
Net cash provided (used) by operating activities $ (350) $ 1,033