Hardy (Tables)

9 Months Ended

Sep. 30, 2012

Hardy [Abstract]

Schedule of fair value of assets acquired and liabilities assumed

(In millions)	Acquisition Date
	July 2, 2012
Investments:
Fixed maturity securities	$	117
Short term investments	255
Total investments	372
Cash	34
Reinsurance receivables	252
Insurance receivables	222
Accrued investment income	2
Property and equipment	4
Goodwill and other intangible assets	171
Other assets	109
Total assets acquired	$	1,166
Claim and claim adjustment expenses	$	500
Unearned premiums	249
Long term debt	30
Other liabilities	156
Total liabilities assumed	$	935

Schedule of intangible assets acquired

(In millions)	Amount		Economic Useful Life
Syndicate capacity	$	55	Indefinite
Total indefinite-lived intangible assets	55
Value of business acquired	60		1 - 4 years
Trade name	8		8 years
Distribution channel	13		15 years
Total finite-lived intangible assets	81
Total intangible assets as of the acquisition date	$	136