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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

During the three years ended December 31, 2014, 2013 and 2012, P&C gross written premiums generated from or placed by the below companies individually accounted for more than 10% of the Company’s consolidated gross written premiums from P&C operations, as follows:



(Percentage of consolidated gross written premiums from P&C operations)	2014		2013		2012
AON Corporation and subsidiaries	18	%	21	%	22	%
Marsh & McLennan Companies	20	%	23	%	21	%
Willis Group and subsidiaries	11	%	13	%	11	%

Future minimum lease payments - operating

Future minimum rental commitments under existing operating leases are expected to be as follows:



Year Ended December 31, (U.S. dollars in thousands)
2015	$	36,949
2016	32,027
2017	28,933
2018	25,156
2019	24,086
2020-2031	73,269
Total minimum future rentals	$	220,420

Future minimum lease payments - capital lease

The future minimum lease payments in the aggregate are expected to be $191.4 million and annually for the next five years are as follows:



Year Ended December 31, (U.S. dollars in thousands)
2015	$	12,095
2016	12,398
2017	12,708
2018	13,025
2019	13,351
2020-2028	127,787
Total minimum future lease payments	$	191,364

Financial guarantee exposure summary

A summary of the Company's outstanding financial guarantee exposures for the years indicated is as follows:



Financial Guarantee Exposure Summary (U.S. dollars in thousands except number of contracts and term to maturity)	2014			2013
Opening number of financial guarantee contracts	3			4
Number of financial guarantee contracts matured, prepaid or commuted during the period	(1		)	(1		)
Closing number of financial guarantee contracts	2			3
Principal outstanding	$	80,813		$	108,255
Interest outstanding	$	—		$	—
Aggregate exposure outstanding	$	80,813		$	108,255
Total gross claim liability recorded	$	—		$	—
Total unearned premiums and fees recorded	$	—		$	134
Weighted average contractual term to maturity in years	25.2			26.0

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

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- Definition

Tabular disclosure of leases entered into in connection with the transaction involving the sale of property to another party and the lease of the property back to the seller was accounted for as an operating or capital lease. If the sale of the asset(s) did not meet the requirements to be accounted for as a sale whether the transaction was accounted for using the deposit method or as a financing. Disclosure may also include a description of the terms of the sale-leaseback transaction, including future commitments, obligations, provisions, or circumstances that require or result in the seller-lessee's continuing involvement. For leasing transactions involving "Special Purpose Entities"', disclosure may include a general description of the significant terms of the leasing arrangement including renewal or purchase options, escalation clauses, obligations with respect to refinancing of the lessor's debt, significant penalties and the provisions of any significant guarantees, such as residual value guarantees.

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- Definition

Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark.

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