Securities purchased under an agreement to sell	9 Months Ended
Sep. 30, 2013
Securities Purchased under Agreements to Resell [Abstract]
Securities purchased under an agreement to sell	Securities purchased under an agreement to sell The Company may enter into repurchase and reverse repurchase agreements with financial institutions in which the financial institution agrees to resell or repurchase and the Company agrees to repurchase or resell such securities at a mutually agreed price upon maturity. As of September 30, 2013, the Company held outstanding reverse repurchase agreements valued at $37.9 million (December 31, 2012 - $60.4 million). As of September 30, 2013, the total value of securities received as collateral by the Company was $36.9 million (December 31, 2012 - $60.0 million). Interest expense and income related to these transactions are included in interest payable and receivable in the consolidated balance sheet. For the three months ended September 30, 2013, foreign currency gains of $1.2 million (2012 – losses of $0.9 million) on reverse repurchase agreements are included in net investment income in the consolidated statement of income. For the nine months ended September 30, 2013, foreign currency gains of $1.3 million (2012 – losses of $2.5 million) on reverse repurchase agreements are included in net investment income in the consolidated statement of income. Generally, reverse repurchase agreements mature within 30 to 90 days.

Securities purchased under an agreement to sell

The Company may enter into repurchase and reverse repurchase agreements with financial institutions in which the financial institution agrees to resell or repurchase and the Company agrees to repurchase or resell such securities at a mutually agreed price upon maturity. As of September 30, 2013, the Company held outstanding reverse repurchase agreements valued at $37.9 million (December 31, 2012 - $60.4 million). As of September 30, 2013, the total value of securities received as collateral by the Company was $36.9 million (December 31, 2012 - $60.0 million). Interest expense and income related to these transactions are included in interest payable and receivable in the consolidated balance sheet. For the three months ended September 30, 2013, foreign currency gains of $1.2 million (2012 – losses of $0.9 million) on reverse repurchase agreements are included in net investment income in the consolidated statement of income. For the nine months ended September 30, 2013, foreign currency gains of $1.3 million (2012 – losses of $2.5 million) on reverse repurchase agreements are included in net investment income in the consolidated statement of income. Generally, reverse repurchase agreements mature within 30 to 90 days.