XML 147 R74.htm IDEA: XBRL DOCUMENT v2.4.0.6
Claim and Claim Adjustment Expense Reserves (Narrative) (Details) (USD $)
12 Months Ended 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2011
Loss Portfolio Transfer [Member]
Dec. 31, 2010
Loss Portfolio Transfer [Member]
Aug. 31, 2010
Loss Portfolio Transfer [Member]
Dec. 31, 2009
Loss Portfolio Transfer [Member]
Dec. 31, 2009
Willis Limited [Member]
Catastrophe losses net of reinsurance $ 222,000,000 $ 121,000,000 $ 89,000,000          
Net A&EP claim and allocated claim adjustment expense reserves ceded to NICO             1,600,000,000  
Aggregate limit under A&EP Loss Portfolio Transfer       4,000,000,000        
Net claim and allocated claim adjustment expense reserves in discontinued operations ceded to NICO under A&EP Loss Portfolio Transfer             90,000,000  
A&EP claim and allocated claim adjustment expense reserves ceded under existing third party reinsurance contracts transferred to NICO under A&EP Loss Portfolio Transfer             1,200,000,000  
Reinsurance premium paid to NICO under A&EP Loss Portfolio Transfer           2,000,000,000    
Net reinsurance receivables transferrred to NICO under A&EP Loss Portfolio Transfer             215,000,000  
Allowance for doubtful accounts related to reinsurance receivables transferred to NICO under A&EP Loss Portfolio Transfer             100,000,000  
Collateral trust established by NICO under A&EP Loss Portfolio Transfer           2,200,000,000    
Reduction of allowance for uncollectible reinsurance receivables         200,000,000      
Gross A&EP claim and allocated claim adjustment expense reserves ceded under the Loss Portfolio Transfer and other existing third party reinsurance agreements       2,300,000,000 2,500,000,000      
Remaining amount available under aggregate limit of the Loss Portfolio Transfer on an incurred basis       2,300,000,000        
Net ultimate paid losses ceded under the Loss Portfolio Transfer       351,000,000        
(Unfavorable) favorable net prior year development, Life & Group 29,000,000 2,000,000 53,000,000          
(Unfavorable) favorable net prior year development, P&C 423,000,000 637,000,000 289,000,000 (138,000,000)        
Settlement agreement, amount               130,000,000
Loss recovery, net of reinsurance               $ 94,000,000