Hardy (Tables)

12 Months Ended

Dec. 31, 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
Other invested assets	68
Short term investments	187
Total investments	372
Cash	34
Reinsurance receivables	252
Insurance receivables	222
Accrued investment income	2
Property and equipment	4
Goodwill	35
Other assets	245
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)	Economic Useful Life	Amount at Acquisition		Accumulated Amortization
Syndicate capacity	Indefinite	$	55
Total indefinite-lived intangible assets		55
Value of business acquired	1 - 4 years	60		$	43
Trade name	8 years	8		—
Distribution channel	15 years	13		—
Total finite-lived intangible assets		81		43
Total intangible assets		$	136	$	43