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Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Change in fair value of insured derivatives:        
Unrealized gains (losses) on insured derivatives     $ 14 $ 32
Net change in fair value of insured derivatives $ (1) $ (7) 13 (12)
Net gains (losses) on financial instruments at fair value and foreign exchange (26) 22 (4) 13
Net investment losses related to other-than-temporary impairments:        
Net investment losses related to other-than-temporary impairments (9) (1) (37) (2)
Other net realized gains (losses) 1   2 (1)
Total revenues 30 12 80 85
Expenses:        
Losses and loss adjustment 140 59 102 131
Interest 52 52 104 103
Total expenses 237 158 306 327
Income (loss) before income taxes (207) (146) (226) (242)
Provision (benefit) for income taxes (37) 0 (39) 2
Net income (loss) $ (170) $ (146) $ (187) $ (244)
Net income (loss) per common share:        
Basic $ (2.02) $ (1.64) $ (2.20) $ (2.75)
Diluted $ (2.02) $ (1.64) $ (2.20) $ (2.75)
Weighted average number of common shares outstanding:        
Basic 84,275,261 89,131,760 84,911,215 88,865,272
Diluted 84,275,261 89,131,760 84,911,215 88,865,272
Non Variable Interest Entity [Member]        
Premiums earned:        
Scheduled premiums earned $ 17 $ 29 $ 35 $ 52
Refunding premiums earned 5 7 10 24
Premiums earned (net of ceded premiums of $1, $1, $2 and $3) 22 36 45 76
Net investment income 30 34 62 65
Fees and reimbursements 1   1 6
Change in fair value of insured derivatives:        
Realized gains (losses) and other settlements on insured derivatives (1) (25) (1) (44)
Unrealized gains (losses) on insured derivatives 0 18 14 32
Net change in fair value of insured derivatives (1) (7) 13 (12)
Net gains (losses) on financial instruments at fair value and foreign exchange (26) 22 (4) 13
Net investment losses related to other-than-temporary impairments:        
Other-than-temporary impairments recognized in accumulated other comprehensive income (loss) (9) (1) (37) (2)
Net investment losses related to other-than-temporary impairments (9) (1) (37) (2)
Other net realized gains (losses) 1   2 (1)
Expenses:        
Losses and loss adjustment 140 59 102 131
Amortization of deferred acquisition costs 2 4 6 8
Operating 19 19 45 39
Interest 52 52 104 103
Variable Interest Entity Primary Beneficiary [Member]        
Premiums earned:        
Net investment income 10 8 20 16
Change in fair value of insured derivatives:        
Net gains (losses) on financial instruments at fair value and foreign exchange 18 13 36 17
Net investment losses related to other-than-temporary impairments:        
Other net realized gains (losses) (16) (93) (58) (93)
Expenses:        
Operating 1 3 4 5
Interest $ 23 $ 21 $ 45 $ 41