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Credit Quality Distribution of Reinsurance Recoverables for Ceded Paid and Unpaid Losses and Loss Adjustment Expenses and Ceded Unearned Premiums Based On Insurer Financial Strength Ratings from A. M. Best or S&P (Detail) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Ceded Credit Risk [Line Items]  
Rating AA
Fair Value $ 1,108,644 [1],[2],[3]
Percent of Total 100.00% [1],[4]
Superior
 
Ceded Credit Risk [Line Items]  
Rating A++, A+ [1]
Fair Value 536,325 [1],[2]
Percent of Total 49.00% [1],[4]
Excellent
 
Ceded Credit Risk [Line Items]  
Rating A, A- [1]
Fair Value 525,314 [1],[2]
Percent of Total 47.00% [1],[4]
Very Good
 
Ceded Credit Risk [Line Items]  
Rating B++, B+ [1]
Fair Value 12,295 [1],[2]
Percent of Total 1.00% [1],[4]
Fair
 
Ceded Credit Risk [Line Items]  
Rating B, B- [1]
Fair Value 23,283 [1],[2]
Percent of Total 2.00% [1],[4]
Not rated
 
Ceded Credit Risk [Line Items]  
Rating NR [1]
Fair Value $ 11,427 [1],[2]
Percent of Total 1.00% [1],[4]
[1] Equivalent S&P rating used for certain companies when an A.M. Best rating was unavailable.
[2] Net of reserve for uncollectible reinsurance of approximately $11.3 million. The carrying value consists of reinsurance recoverables on paid losses due within 30-45 days and reinsurance on unpaid losses which by nature of our reserving process is our best estimate of the value as of December 31, 2013.
[3] Net of reserve for uncollectible reinsurance of approximately $11.3 million.
[4] The Company holds offsetting collateral of approximately 20.2%, including 0.2% for B++, B+ and B companies and 46.7% from non rated companies which includes letters of credit, ceded balances payable and other balances held by our Insurance Companies and our Lloyd's Operations.